What is Metrix?
Metrix Inc., headquartered in Dubuque, Iowa, is a seasoned manufacturer of RF-welded disposable medical devices, boasting over five decades of operational history since its founding in 1964 as Riggs BioChemical. Initially recognized for its precision in producing fetal bovine blood collection bags, Metrix broadened its scope in the 1980s to encompass a wider array of medical device manufacturing, capitalizing on its core RF welding proficiency and stringent quality control. The acquisition of the Secure Medical Products brand in 1996 solidified its market presence and fueled ongoing innovation. To bolster its capacity for high-volume production and enhance cost-effectiveness, Metrix established a contract manufacturing facility in San Cristobal, Dominican Republic, in 2001, operating as Metrix Dominicana. Both its Iowa headquarters and Dominican facility adhere to rigorous quality standards, holding FDA registration and ISO certifications (9001 and 13485), and feature Class 100,000 cleanroom environments. The company's quality management system was updated to comply with ISO 13485 in 2002, further cementing its commitment to medical device quality. This dual-location strategy, coupled with specialized expertise in RF welding and disposable device production, enables Metrix to cater to a diverse clientele with both domestic and offshore manufacturing solutions.
How much funding has Metrix raised?
Metrix has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Metrix
PPP
Public-Private Partnership
What's next for Metrix?
With substantial backing indicated by $350K and a recent $350K described as a major strategic investment, Metrix is well-positioned for continued expansion and operational enhancement. The company's late-stage funding context suggests a focus on scaling production capabilities, potentially through further investment in its dual-facility manufacturing infrastructure in Iowa and the Dominican Republic. Strategic capital deployment may also target advancements in RF welding technology, expansion of its product portfolio under the Secure Medical Products brand, or exploration of new healthcare market segments. The company's established quality certifications and cleanroom environments provide a strong foundation for pursuing larger-scale contracts and solidifying its role as a key supplier in the disposable medical device industry.
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