# ProMed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/promed

- Industry: Medical Devices & Equipment
- Headquarters: Louisville, US
- Website: www.promed-inc.com
- Total disclosed funding: $4M
- Latest round: Series B (Nov 16, 2009)
- Investors on record: 2

## About

ProMed Inc. is a Louisville-based company specializing in orthopedic soft goods, providing essential products for injury recovery and orthopedic health designed for both consumers and healthcare providers.ProMed Inc. is dedicated to the production and distribution of orthopedic soft goods. The company was founded in Louisville, US and has undergone strategic developments to enhance its product offerings. The firm has successfully completed a total of 7 deals, with the most recent deal occurring on August 16, 2013, where they raised USD 1.5 mn of venture funding from unspecified investors. Notably, the company operates without any known subsidiaries or parent companies, focusing on its core mission.ProMed Inc specializes in providing a comprehensive range of orthopedic soft goods, emphasizing quality and affordability. Their core product offerings include compression bandages, elastic netting, tubular gauze, and a variety of orthopedic braces and supports. These products assist with injury recovery, pain management, and overall orthopedic health, catering to individual consumers and healthcare providers, including hospitals and clinics. The company distributes its products primarily across various regions in the United States, with a significant focus on the Louisville area and surrounding regions.ProMed Inc operates on a direct-to-consumer and business-to-business model, facilitating transactions primarily through sales to healthcare providers and individual customers. The company offers a catalog of products with clearly defined pricing, such as the 8-inch wrist braces priced at USD 12.50 each and various Silipos digital pads ranging from USD 21.00 to USD 46.75, indicating a structured pricing strategy designed to cater to both budget-conscious consumers and professional buyers. Revenue generation occurs through one-time purchases, with potential for repeat business from satisfied clients, solidifying its position as a trusted supplier in the orthopedic market.In August 2013, ProMed Inc. raised USD 1.5 mn of venture funding to support its growth initiatives. The company is focusing on designing new products aimed at enhancing orthopedic health solutions. Plans are underway to expand its market reach into additional geographical regions, particularly targeting areas outside of Louisville to increase accessibility to their products. The funding will be utilized to support these product development efforts and market expansion strategies.

## Funding rounds

- Series B, Nov 16, 2009, $2M — Latterell Venture Partners, De Novo Ventures
- Series B, Mar 5, 2009, $2M — Latterell Venture Partners, De Novo Ventures

## Investors

- Latterell Venture Partners (https://capitalatlas.ai/funds/latterell-venture-partners) — Series B
- De Novo Ventures (https://capitalatlas.ai/funds/de-novo-ventures) — Series B