# Medicom Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/medicom-technologies

- Industry: Healthcare IT
- Headquarters: Raleigh, US
- Website: www.home.medicom.us
- Total disclosed funding: $26M
- Latest round: Series B (Nov 18, 2021)
- Investors on record: 4

## About

Medicom Technologies, Inc. is a healthcare technology company focused on improving interoperability and information exchange within the healthcare sector. They provide solutions that enhance data sharing across various healthcare systems.Medicom Technologies, Inc. specializes in healthcare interoperability and information exchange. The company is headquartered in Raleigh, US, and was founded by Richard Rosenberg. Medicom has raised a total of USD 21.80 mn through funding, including a recent Series B round of USD 21.80 mn on July 25, 2024, led by Oval Park Capital, along with investors such as Cone Health Ventures, Grayhawk Capital, and Vocap Investment Partners. The company has successfully closed 7 deals to date.Medicom specializes in healthcare interoperability and information exchange, offering a suite of products designed to streamline access to patient records and enhance data sharing across healthcare systems. Central to their offerings are Medicom Connect and Medicom Intellect, which facilitate secure, bi-directional exchanges of clinical information and healthcare images. These tools serve various stakeholders, including hospitals, clinics, and academic research institutions, with a focus on improving healthcare equity by eliminating data silos. Additionally, Medicom provides a data de-identification toolkit that allows organizations to anonymize sensitive clinical information for use in research and machine learning initiatives. The solutions are deployed across multiple geographical markets, effectively serving healthcare providers in both public and private sectors, including specialized services for Veteran Affairs facilities.Medicom generates revenue primarily through subscription-based models and partnerships with healthcare providers and institutions. The company facilitates transactions involving its flagship products, including Medicom Connect and Medicom Intellect, designed to enhance interoperability and streamline patient data access. Clients engage with Medicom to implement these systems across their networks, resulting in regular licensing fees and service agreements. The pricing structure is tailored to the needs of various healthcare organizations, ensuring they can leverage Medicom's solutions effectively while managing operational costs. This revenue model underscores the company's commitment to providing comprehensive support and facilitating seamless information exchange in the healthcare landscape.In July 2024, Medicom Technologies, Inc. raised an undisclosed amount of venture debt funding from new investor Customers Bank as part of a larger equity and debt funding round. The company plans to use this funding to strengthen partnerships with academic institutions and local companies, develop its platform, and accelerate its go-to-market strategy. Medicom is focused on expanding into new markets, specifically targeting growth in the academic and healthcare sectors, to enhance their presence and reach by the end of 2025.

## Funding rounds

- Series B, Nov 18, 2021, $22M — Grayhawk Capital, Vocap Investment Partners, Oval Park Capital, Cone Health Ventures
- Series A, Aug 28, 2020, $4.5M — Oval Park Capital

## Investors

- Oval Park Capital (https://capitalatlas.ai/funds/oval-park-capital) — Series A, Series B
- Grayhawk Capital (https://capitalatlas.ai/funds/grayhawk-capital) — Series B
- Vocap Investment Partners (https://capitalatlas.ai/funds/vocap-investment-partners) — Series B
- Cone Health Ventures (https://capitalatlas.ai/funds/cone-health-ventures) — Series B