About Medinas
Medinas is a company based in Berkeley (United States) founded in 2017 by Romy Seth, Jesse Avshalomov, and Tim Growney.. Medinas has raised $7.07 million across 5 funding rounds from investors including FJ Labs, NFX and Precursor Ventures. Medinas operates in a competitive market with competitors including Tomorrow Health, Vamstar, Zoplar, Cohealo and AA Medical Store, among others.
- Headquarter Berkeley, United States
- Founders Romy Seth, Jesse Avshalomov, Tim Growney
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.07 M (USD)
in 5 rounds
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Latest Funding Round
$5 M (USD), Seed
Oct 22, 2019
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Investors
FJ Labs
& 7 more
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Employee Count
Employee Count
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Funding Insights of Medinas
Medinas has successfully raised a total of $7.07M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $5 million completed in October 2019. 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 5
- Last Round Seed — $5.0M
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First Round
First Round
(06 Feb 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Seed - Medinas | Valuation | NFX | |
| Jun, 2018 | Amount | Seed - Medinas | Valuation | FJ Labs |
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| Jun, 2018 | Amount | Seed - Medinas | Valuation | Y Combinator |
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| 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 |
Investors in Medinas
Medinas has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include FJ Labs, NFX and Precursor Ventures. 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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Venture capital firm offering funding and tools for startups in technology and investment sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in pre-seed and seed stages, focusing on founders.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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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 Medinas
| 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 - Medinas
| 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 |
Medinas Comparisons
Competitors of Medinas
Medinas 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 Tomorrow Health, Vamstar, Zoplar, Cohealo and AA Medical Store, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of an online store for healthcare products
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| domain | founded_year | HQ Location |
AI platform for automating procurement data in healthcare is provided.
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| domain | founded_year | HQ Location |
B2B medical supply platform that simplifies procurement for hospitals and clinics by offering a wide range of medical devices, equipment, and consumables
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| domain | founded_year | HQ Location |
Medical equipment is rented out to hospitals via a platform.
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| domain | founded_year | HQ Location |
New and pre-owned medical equipment is retailed online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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 Medinas
Frequently Asked Questions about Medinas
When was Medinas founded?
Medinas was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Medinas located?
Medinas is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Is Medinas a funded company?
Medinas is a funded company, having raised a total of $7.07M across 5 funding rounds to date.
What does Medinas do?
Founded in 2017 in Berkeley, United States, Medinas Health operates a software platform in the healthcare sector. Medical equipment, ranging from MRI machines to surgical pumps, is bought and sold through the marketplace to optimize inventory for healthcare organizations. Customization of product prices, negotiations, payment transactions, and sales automation with real-time updates are facilitated for sellers based on their requirements.
Who are the top competitors of Medinas?
Medinas's top competitors include Tomorrow Health, Zoplar and Vamstar.
Who are Medinas's investors?
Medinas has 8 investors. Key investors include FJ Labs, NFX, Precursor Ventures, Sound Ventures, and Bryan Frist.