MedMinder Overview
- Year Founded
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2007
- Status
-
Acquired/Merged
- Employees
-
100
- Latest Deal Type
-
Series C
- Latest Deal Amount
-
$11.5M
MedMinder General Information
Description
Developer of a pill dispensing system designed to simplify medication management. The company's system provides an automated system that encourages medication adherence by surrounding the patient with the assistance of family, friends, and professional caregivers to effect positive behavioral change, enabling patients to maintain their independence and avoid long-term care facilities and hospitalization.
Contact Information
Website
www.medminder.com(Operating Subsidiary)
Corporate Office
- 320 Norwood Park South
- Norwood, MA 02062
- United States
Corporate Office
- 320 Norwood Park South
- Norwood, MA 02062
- United States
MedMinder Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 14. Later Stage VC (Series C) | 07-Jan-2025 | $11.5M | Completed | Generating Revenue | ||
| 13. Merger/Acquisition | 19-Apr-2023 | Completed | Generating Revenue | |||
| 12. Later Stage VC (Series C) | 30-Aug-2022 | Completed | Generating Revenue | |||
| 11. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 10. Later Stage VC (Series C) | 22-Mar-2021 | Completed | Generating Revenue | |||
| 9. Debt - PPP | 28-Apr-2020 | Completed | Generating Revenue | |||
| 8. Later Stage VC (Series B) | 11-Sep-2019 | Completed | Generating Revenue | |||
| 7. Later Stage VC (Series A3) | 20-Nov-2017 | Completed | Generating Revenue | |||
| 6. Later Stage VC | 02-Nov-2016 | $1.35M | $4.58M | Completed | Generating Revenue | |
| 5. Later Stage VC | 10-Sep-2012 | $618K | $3.23M | Completed | Generating Revenue |
MedMinder Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | ||||||||
| Series B | ||||||||
| Series A3 | ||||||||
| Series A2 | ||||||||
| Series A1B | ||||||||
| Series A1A | ||||||||
| Series A1 | 718,750 | $0.001000 | $1.76 | $1.76 | 1x | $1.76 | 6.75% | |
| Series A | 491,841 | $0.001000 | $1.18 | $1.18 | 1x | $1.18 | 4.62% |
MedMinder Comparisons
Industry
Financing
Details
MedMinder Competitors (11)
One of MedMinder’s 11 competitors is Ōmcare, a Venture Capital-Backed company based in Bloomington, MN.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Ōmcare | Venture Capital-Backed | Bloomington, MN | ||||
| Hero (Healthcare Technology Systems) | Venture Capital-Backed | New York, NY | ||||
| Spencer Health Solutions | Venture Capital-Backed | Morrisville, NC | ||||
| MobileHelp | Private Equity-Backed | Boca Raton, FL | ||||
| Medisafe | Venture Capital-Backed | Boston, MA |
MedMinder Patents
MedMinder Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-8744620-B2 | Interactive medication dispensing system with locking compartments | Active | 31-Oct-2008 | ||
| US-9211233-B2 | Interactive medication dispensing system | Active | 31-Oct-2008 | ||
| US-20130002795-A1 | Interactive medication dispensing system | Active | 31-Oct-2008 | ||
| US-20130030566-A1 | Interactive medication dispensing system with locking compartments | Active | 31-Oct-2008 | ||
| US-8193918-B1 | Interactive medication dispensing system | Active | 31-Oct-2008 | A61J7/04 |
MedMinder Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
MedMinder Former Investors (7)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Accelmed | Growth/Expansion | Minority | ||
| Arkin Capital | Venture Capital | Minority | ||
| Carl Haney | Angel (individual) | Minority | ||
| Covington Associates | Investment Bank | Minority | ||
| Eliassen Group | PE-Backed Company | Minority |
MedMinder FAQs
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When was MedMinder founded?
MedMinder was founded in 2007.
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Where is MedMinder headquartered?
MedMinder is headquartered in Norwood, MA.
-
What is the size of MedMinder?
MedMinder has 100 total employees.
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What industry is MedMinder in?
MedMinder’s primary industry is Other Healthcare Technology Systems.
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Is MedMinder a private or public company?
MedMinder is a Private company.
-
What is MedMinder’s current revenue?
The current revenue for MedMinder is .
-
How much funding has MedMinder raised over time?
MedMinder has raised $11.5M.
-
Who are MedMinder’s investors?
Accelmed, Arkin Capital, Carl Haney, Covington Associates, and Eliassen Group are 5 of 7 investors who have invested in MedMinder.
-
Who are MedMinder’s competitors?
Ōmcare, Hero (Healthcare Technology Systems), Spencer Health Solutions, MobileHelp, and Medisafe are some of the 11 competitors of MedMinder.
-
When was MedMinder acquired?
MedMinder was acquired on 07-Jan-2025.
-
Who acquired MedMinder?
MedMinder was acquired by PersonalRX.
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