Venture Capital News: MedShift Closes $108M Funding Round
2023-04-20
CHARLOTTE, N.C., MedShift, a leading medical technology company, announced today it has completed a $108 million capital raise.
The investment comes from Turning Rock Partners, Micota Capital, and OY6 Capital. The compilation facility solidifies MedShift's industry value and propels advancements across the company's three primary technologies: Specialty Device Subscription, Connected Medical Device (IoT), and the Velocity Technology Suite (Enterprise Software as a Service).
MedShift, a medical technology company founded in 2015 and headquartered in Charlotte, NC, is an emerging leader in the healthcare industry. MedShift is one of the largest and fastest growing solution providers to the aesthetic industry and is differentiated by its technology and software as a service focus. The company brings opportunities to drive growth and scale to medical device manufacturers as well as individual medical providers across various markets, including Dermatology, Gynecology, Plastic Surgery, and MedSpa. MedShift's business is centered around three technology divisions, Specialty Device Subscription, Connected Medical Device (IoT), and the Velocity Technology Suite (Enterprise Software as a Service), and a range of complementary products and services that streamline the complex supply-and-demand landscape of device consumables and injectables. MedShift's mission is to drive business transformation and power sales through the use of modern technology. The company currently has partnered with 25 aesthetic manufacturers and distributors, a portfolio of 80+ devices and over 2,000 active medical providers.
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