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MedMinder Raises $850K

2012-03-15
NEEDHAM, MA, Maker of a wireless pill dispenser and complementary medication management service, has raised $850,000 in equity funding.
MedMinder Systems, maker of a wireless pill dispenser and complementary medication management service, has raised $850,000 in equity funding. According to SEC filings, a single investor participated in the offering.

MedMinder's wireless pill dispenser assists users to maintain their independence and improve medications adherence, while providing family members with ongoing, real-time status and activity reports. MedMinder prompts the user to take medications, or refill his/her meds, through a series of optional pre-programmed visual and/or auditory alerts.

Caregivers and family members can choose to receive real-time email or text message notifications about the user's dosage activities, periodic reports or just login to the MedMinder system and review the data.
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