About Medrium
Medrium is a company based in Morristown (United States) founded in 1999 was acquired by Pulse Systems in October 2015.. Medrium has raised $30.18 million across 7 funding rounds from investors including Advantedge Healthcare Solutions, Pulse and ORIX USA. Medrium operates in a competitive market with competitors including Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems, among others.
- Headquarter Morristown, 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 Medrium, 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
$30.18 M (USD)
in 7 rounds
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Latest Funding Round
$12.5 M (USD), Debt – Venture
Sep 16, 2008
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Investors
Advantedge Healthcare Solutions
& 5 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of Medrium
Medrium has successfully raised a total of $30.18M across 7 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $12.5 million completed in September 2008. 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 7
- Last Round Debt – Venture — $12.5M
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First Round
First Round
(01 May 2002)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2008 | Amount | Debt – Venture - Medrium | Valuation |
investors |
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| Sep, 2008 | Amount | Series C - Medrium | Valuation |
investors |
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| Jan, 2006 | Amount | Series C - Medrium | Valuation |
investors |
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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 Medrium
Medrium has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Advantedge Healthcare Solutions, Pulse and ORIX USA. 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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ORIX USA is engaged in middle market asset management and lending.
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Founded Year | Domain | Location | |
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NGN Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Growth & late stage life sciences and tech focused venture capital firm funding companies in the US
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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 Medrium
| 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 - Medrium
| 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 |
Medrium Comparisons
Competitors of Medrium
Medrium 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 Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems, 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 |
AI-driven EMR and practice management software is delivered for clinics.
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| domain | founded_year | HQ Location |
Cloud-based EHR system is provided for physicians' practices.
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| domain | founded_year | HQ Location |
Cloud-based oncology management tools are provided for cancer care providers.
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| domain | founded_year | HQ Location |
Clinical and financial solutions are delivered to ambulatory providers.
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| domain | founded_year | HQ Location |
Open-source healthcare software is provided by Medsphere Systems.
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| domain | founded_year | HQ Location |
SaaS-based practice management solution is provided for healthcare professionals.
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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 Medrium
Frequently Asked Questions about Medrium
When was Medrium founded?
Medrium was founded in 1999 and raised its 1st funding round 3 years after it was founded.
Where is Medrium located?
Medrium is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
Is Medrium a funded company?
Medrium is a funded company, having raised a total of $30.18M across 7 funding rounds to date. The company's 1st funding round was a Series C of $8.27M, raised on May 01, 2002.
What does Medrium do?
Medrium provides Web-based medical billing solutions for hospital-based physicians. Medrium Complete Practice Management (CPM) is a Web-based, ONC-ATCB certified and HIPAA compliant solution including practice management and EHR modules. Features include e-prescription, drug interaction information, lab reports, audit trails and customized reports. A clinical interface accumulates comprehensive patient visit records and administrative information to verify eligibility, schedule, post reimbursements, file claims and reconcile payment. Patients can access their information through a dedicated self-service portal.
Who are the top competitors of Medrium?
Medrium's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
Who are Medrium's investors?
Medrium has 6 investors. Key investors include Advantedge Healthcare Solutions, Pulse, ORIX USA, NGN Capital, and Mosaix Ventures.
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