About Medinas
Medinas is a Healthcare company based in Berkeley (United States) founded in 2017 by Romy Seth, Jesse Avshalomov, and Tim Growney. Provider of marketplace platform to buy and sell medical supplies and equipment. Medinas has raised $7.07 million across 5 funding rounds from investors including FJ Labs, NFX and Precursor Ventures. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its competitors include Tomorrow Health, Cohealo and AA Medical Store; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Berkeley, United States
- Founders Romy Seth, Jesse Avshalomov, Tim Growney
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website medinas.com
- Social LinkedIn X Facebook
- Total Equity Funding$7.07M (USD)
in 5 rounds
- Latest Funding Round$5M (USD), Seed
Oct 2019
- InvestorsFJ Labs
& 7 more
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 $7.07M
- Total Rounds 5
- Last Round Seed — $5M
- First Round $940,000
(Feb 2018)
- Investors Count 8
All 5 funding rounds of Medinas with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2019 | $5M | Seed | – | NFX | |
| Jun 2018 | Seed | – | FJ Labs | – | |
| Jun 2018 | $125,000 | Seed | – | Y Combinator | – |
| Mar 2018 | $1M | Seed | – | Sound Ventures, Rough Draft Ventures | |
| Feb 2018 | $940,000 | Seed | – | – | – |
8 investors in total: 7 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm offering funding and tools for startups in technology and investment sectors. | nfx.com | |||
Venture capital investments in pre-seed and seed stages, focusing on founders. | precursorvc.com | |||
Venture capital firm focused on multiple sectors | soundventures.com | |||
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors | 2007 | fjlabs.com | New York, United States | |
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Micro-venture capital firm investing in multiple sectors | roughdraft.vc | Cambridge, United States | ||
US seed-stage tech firms are invested in by Trammell Ventures. | trammell.ventures | Austin, United States | ||
BF Bryan Frist | Indian angel investor focusing on early-stage tech startups. | unknown_221784fca3dd48669 |
Investor details for Medinas
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Medinas
4 people are tracked at Medinas (4 in leadership).
| Name | Role | Group |
|---|---|---|
Romy Seth | Co-Founder | Leadership |
Jesse Avshalomov | Co-Founder | Leadership |
Tim Growney | Co-Founder | Leadership |
Chloe Alpert | CEO | Leadership |
Complete people profiles for Medinas
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Medinas
3 dated milestones of Medinas across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Medinas is founded.
- Funding First funding round of $940K.
- Funding Latest funding round, Seed, of $5.0M.
Competitors of Medinas
Medinas has 3 listed competitors in our database, 2 of them funded. They include Tomorrow Health, Cohealo and AA Medical Store.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tomorrowhealth.com | 2018 | New York, United States | $92.5M | 126 | Provider of an online store for healthcare products | |
| cohealo.com | 2012 | Boston, United States | $15.12M | 17 | Medical equipment is rented out to hospitals via a platform. | |
| aamedicalstore.com | 2012 | Mokena, United States | New and pre-owned medical equipment is retailed online. |
Detailed competitors of Medinas
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Medinas (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Frequently Asked Questions about Medinas
Medinas was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Medinas is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Medinas is a funded company, having raised a total of $7.07M across 5 funding rounds to date. The company's 1st funding round was a Seed of $940K, raised on Feb 2018.
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.
Medinas's top competitors include Tomorrow Health, Cohealo and AA Medical Store.
Medinas has 8 investors. Key investors include FJ Labs, NFX, Precursor Ventures, Sound Ventures, and Bryan Frist.