What is MedShift?
MedShift, founded in 2015 and based in Charlotte, NC, operates as a platform-as-a-service provider for both medical device manufacturers and individual medical practices. The company's offerings encompass the MedBox Patient Subscription Platform, an Aesthetic eCommerce Platform, device placement services, and social media channel management, aiming to streamline operations and enhance patient engagement within the healthcare industry.
How much funding has MedShift raised?
MedShift has raised a total of $116M across 2 funding rounds:
Other Financing Round
$8M
Other Financing Round
$108M
Other Financing Round (2021): $8M, investors not publicly disclosed
Other Financing Round (2023): $108M led by Turning Rock Partners, Oy6 Capital, and Micota Capital
Key Investors in MedShift
Turning Rock Partners
Turning Rock Partners is a firm specializing in long-term investments in debt and equity securities of small and mid-capitalization businesses in North America, focusing on creative capital solutions in complex markets.
Oy6 Capital
Oy6 Capital is an investor participating in the funding round.
Micota Capital
Micota Capital is a family office focused on investing in and advising on private equity and real estate, seeking to partner with passionate CEOs to build high-quality businesses.
What's next for MedShift?
The recent major enterprise-level funding, characterized as a strategic investment, suggests MedShift is poised for significant scaling and market expansion. This capital infusion will likely fuel further development of its platform services, enhance its go-to-market strategies, and potentially support strategic acquisitions or partnerships. The company's focus on both device manufacturers and practices indicates a comprehensive approach to addressing inefficiencies across the healthcare value chain, positioning it for sustained growth and innovation.
See full MedShift company page
