About MedMinder Systems
MedMinder Systems is a company based in Needham (United States) founded in 2008 was acquired by PersonalRX in April 2023.. MedMinder Systems has raised $62.7 million across 12 funding rounds from investors including HHS, SWK Holdings and PersonalRX. MedMinder Systems offers products and services including Automatic Pill Dispenser, Mobile App, Data Services, and Cloud Technology. MedMinder Systems operates in a competitive market with competitors including Wellth, Cureatr, Phil, Capsa Healthcare and Spencer Health Solutions, among others.
- Headquarter Needham, United States
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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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- Legal Name Medminder Systems, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$62.7 M (USD)
in 12 rounds
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Latest Funding Round
$11.5 M (USD), Series C
Apr 26, 2024
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Investors
HHS
& 5 more
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Employee Count
Employee Count
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Acquired by
PersonalRX
(Apr 19, 2023)
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Products & Services of MedMinder Systems
MedMinder Systems offers a comprehensive portfolio of products and services, including Automatic Pill Dispenser, Mobile App, Data Services, and Cloud Technology. 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.
Device for organizing and dispensing medications on schedule.
App for tracking medication intake and health insights.
Services providing personalized insights from user data.
Platform for secure and scalable health data management.
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Funding Insights of MedMinder Systems
MedMinder Systems has successfully raised a total of $62.7M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $11.5 million completed in April 2024. 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 12
- Last Round Series C — $11.5M
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First Round
First Round
(01 Jun 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2024 | Amount | Series C - MedMinder Systems | Valuation |
investors |
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| Aug, 2022 | Amount | Debt – Conventional - MedMinder Systems | Valuation |
investors |
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| Mar, 2021 | Amount | Series C - MedMinder Systems | Valuation | Accelmed |
| 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 |
investors |
Investors in MedMinder Systems
MedMinder Systems has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include HHS, SWK Holdings and PersonalRX. 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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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 MedMinder Systems
| 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 - MedMinder Systems
| 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 |
investors |
Medminder Systems Comparisons
Competitors of MedMinder Systems
MedMinder Systems 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 Wellth, Cureatr, Phil, Capsa Healthcare and Spencer Health Solutions, 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 |
Provides AI and cloud-based platform for doctors for patient engagement and care
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| domain | founded_year | HQ Location |
Cloud-based medication management software is provided for healthcare providers.
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| domain | founded_year | HQ Location |
Prescription drugs refill management solutions
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| domain | founded_year | HQ Location |
Medication management systems are supplied to healthcare providers and pharmacies.
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| domain | founded_year | HQ Location |
Devices and apps for medication adherence are provided.
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| domain | founded_year | HQ Location |
Cloud-based medication adherence monitoring is provided for healthcare providers.
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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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| 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 Medminder Systems
Frequently Asked Questions about MedMinder Systems
When was MedMinder Systems founded?
MedMinder Systems was founded in 2008.
Where is MedMinder Systems located?
MedMinder Systems is headquartered in Needham, United States. It is registered at Needham, Massachusetts, United States.
Is MedMinder Systems a funded company?
MedMinder Systems is a funded company, having raised a total of $62.7M across 12 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Jun 01, 2008.
What does MedMinder Systems do?
MedMinder Systems provides a smart pillbox organizer for monitoring medication adherence. The organizer box contains some small boxes which can contain medicine dosage for the week. The product blinks and sends an alarm on the connected app at the time of dose, to remind the user to take medicines. The report of consumption is sent to the doctors, family members, and care providers. The companys products include Electronic Pill Dispenser, Automatic Pill Dispenser, Locked Pill Dispenser, and more.
Who are the top competitors of MedMinder Systems?
MedMinder Systems's top competitors include Wellth, Phil and Capsa Healthcare.
What products or services does MedMinder Systems offer?
MedMinder Systems offers Automatic Pill Dispenser, Mobile App, Data Services, and Cloud Technology.
Who are MedMinder Systems's investors?
MedMinder Systems has 6 investors. Key investors include HHS, SWK Holdings, PersonalRX, Accelmed, and Arkin Holdings.
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