About MedCurrent
MedCurrent is a company based in Toronto (Canada) founded in 2003 was acquired by VitalHub in July 2024.. MedCurrent has raised $220.77 thousand across 2 funding rounds from investors including VitalHub and MaRS Discovery District. The company has 15 employees as of December 31, 2024. MedCurrent offers products and services including OrderWise and iRefer CDS. MedCurrent operates in a competitive market with competitors including Merative, Omzey, Synbase, Somareality and Knowledge Vision, among others.
- Headquarter Toronto, Canada
- Employees 15 as on 31 Dec, 2024
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Medcurrent Corporation
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Products & Services of MedCurrent
MedCurrent offers a comprehensive portfolio of products and services, including OrderWise and iRefer CDS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides real-time evidence-based clinical guidance
Supports decision making in healthcare delivery
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Funding Insights of MedCurrent
MedCurrent has successfully raised a total of $220.77K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $220.77 thousand completed in April 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $220,773
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2015 | Amount | Seed - MedCurrent | Valuation |
investors |
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| Dec, 2009 | Amount | Seed - MedCurrent | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in MedCurrent
MedCurrent has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include VitalHub and MaRS Discovery District. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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MaRS Discovery District is focused on supporting startups and fostering innovation.
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Founded Year | Domain | Location | |
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Cloud-based administrative tools for healthcare providers are offered.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MedCurrent
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MedCurrent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medcurrent Comparisons
Competitors of MedCurrent
MedCurrent operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Merative, Omzey, Synbase, Somareality and Knowledge Vision, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of healthcare data and analytics platform for the health industry
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Diagnostics solutions are provided to optimize genetics laboratory workflows.
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| domain | founded_year | HQ Location |
Provides a clinical decision support platform for healthcare professionals.
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| domain | founded_year | HQ Location |
Sensor-based analytic platforms for diagnosis and treatment are developed.
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| domain | founded_year | HQ Location |
AI-powered platform is used for intelligent health insurance solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medcurrent
Frequently Asked Questions about MedCurrent
When was MedCurrent founded?
MedCurrent was founded in 2003 and raised its 1st funding round 6 years after it was founded.
Where is MedCurrent located?
MedCurrent is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is MedCurrent a funded company?
MedCurrent is a funded company, having raised a total of $220.77K across 2 funding rounds to date.
How many employees does MedCurrent have?
As of Dec 31, 2024, the latest employee count at MedCurrent is 15.
What does MedCurrent do?
MedCurrent provides a cloud-based CDS analytics platform that helps healthcare organizations to analyze ordering patterns and rules among physicians and specialist groups.The CDS can be used on clinical ordering process, like lab, cardiology, and surgery. The EMR integrated platform helps referring physicians to check the appropriateness of procedure ordering and offers recommendations. The analytics reports can be customized based on needs. MedCurrent provides services in the U.S. and Canada.
Who are the top competitors of MedCurrent?
What products or services does MedCurrent offer?
MedCurrent offers OrderWise and iRefer CDS.
Who are MedCurrent's investors?
MedCurrent has 2 investors. Key investors include VitalHub, and MaRS Discovery District.