How Much Did Summit Biomedical Raise?
Funding & Key Investors

Summit Biomedical has secured $11K in total investment, with a recent capital infusion of $11K designated for moderate growth. This financing positions the company within its Series A/B growth stage, signaling a strategic phase for scaling operations and expanding market reach in the critical medical equipment repair sector.

The company's financial trajectory indicates a sustained effort to bolster its service capabilities and potentially broaden its geographical footprint.

What is Summit Biomedical?

Summit Biomedical
Consumer ServicesRepair Services

Summit Biomedical Inc. is a specialized provider of medical equipment repair services, offering both on-site and off-site solutions for a diverse range of devices, including ventilators, surgical lasers, and fetal transducers. Established in 2012 by Joel Martin, the company prioritizes building client trust and integrity, aiming to elevate standard service interactions into valuable experiences. Serving the Tri-state area and extending its reach globally for equipment repair, Summit Biomedical's core mission revolves around the assessment, refurbishment, and delivery of high-quality biomedical repair services, ensuring the continued functionality of essential medical technology.

How much funding has Summit Biomedical raised?

Summit Biomedical has raised a total of $11K across 1 funding round:

2021

Debt

$11K

Debt (2021): $11K with participation from PPP

Key Investors in Summit Biomedical

PPP

Public-Private Partnership

What's next for Summit Biomedical?

With the recent backing, Summit Biomedical is poised for accelerated growth, likely focusing on enhancing its technical infrastructure and expanding its team of skilled biomedical technicians. The Series A/B funding context suggests strategic investments in operational efficiency, potentially including the adoption of new diagnostic tools and advanced repair methodologies. Future developments may involve expanding service contracts with healthcare institutions and increasing capacity to handle a higher volume of repairs, solidifying its position as a key player in the medical equipment maintenance market.

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Frequently Asked Questions Regarding Summit Biomedical Financial Insights

What are the most recent funding rounds that Summit Biomedical has completed, and what were the funding rounds?
Summit Biomedical has recently completed 1 funding rounds: Debt on Jan 30, 2021.
What is the total amount of funding Summit Biomedical has raised to date?
Summit Biomedical has raised a total of $11K in funding to date.
How many funding rounds has Summit Biomedical completed?
Summit Biomedical has completed 1 funding rounds.
How much funding did Summit Biomedical raise in its most recent funding round?
Summit Biomedical raised $11K in its most recent funding round.
Who are the lead investors in Summit Biomedical's latest funding round?
The lead investor in Summit Biomedical's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Summit Biomedical's history?
The largest funding round in Summit Biomedical's history was $11K.
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