About MedShift
MedShift is a company based in Charlotte (United States) founded in 2015.. MedShift has raised $116 million across 3 funding rounds from investors including First National Bank, Turning Rock Partners and Micota Capital. MedShift offers products and services including Velocity Enterprise, Velocity Lending, Velocity Unified Commerce, Pulse IoT, and Velocity Marketplaces. MedShift operates in a competitive market with competitors including Cutera, Lumenis, Solta, Cartessa Aesthetics and InMode Aesthetic Solutions, among others.
- Headquarter Charlotte, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$116 M (USD)
in 3 rounds
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Latest Funding Round
$108 M (USD), Series B
Apr 20, 2023
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Investors
First National Bank
& 3 more
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Employee Count
Employee Count
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Products & Services of MedShift
MedShift offers a comprehensive portfolio of products and services, including Velocity Enterprise, Velocity Lending, Velocity Unified Commerce, Pulse IoT, and Velocity Marketplaces. 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.
Platform for automating transactions and workflows in business operations.
App for real-time financing approvals and contract documentation.
System for seamless customer service and sales force management.
Tools for adding intelligence to devices and monitoring usage.
Platform for direct-to-consumer sales and customer engagement.
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Funding Insights of MedShift
MedShift has successfully raised a total of $116M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $108 million completed in April 2023. 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 3
- Last Round Series B — $108.0M
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First Round
First Round
(30 Oct 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - MedShift | Valuation | Turning Rock Partners , Micota Capital |
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| Apr, 2021 | Amount | Series A - MedShift | Valuation |
investors |
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| Oct, 2019 | Amount | Debt – Conventional - MedShift | Valuation |
investors |
| 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 MedShift
MedShift has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include First National Bank, Turning Rock Partners and Micota Capital. 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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Turning Rock Partners is engaged in long-term investments in North American businesses.
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Founded Year | Domain | Location | |
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Micota Capital is focused on private equity and real estate investments.
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Founded Year | Domain | Location | |
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Commercial banking services are provided across the United States.
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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 MedShift
| 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 - MedShift
| 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 |
Medshift Comparisons
Competitors of MedShift
MedShift 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 Cutera, Lumenis, Solta, Cartessa Aesthetics and InMode Aesthetic 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Energy-based aesthetic devices are developed for medical treatments.
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| domain | founded_year | HQ Location |
Minimally-invasive clinical solutions for the Surgical, Ophthalmology and Aesthetic markets
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| domain | founded_year | HQ Location |
Energy-based aesthetic medical devices are designed and marketed.
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| domain | founded_year | HQ Location |
Aesthetic medical devices
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| domain | founded_year | HQ Location |
Develops a portfolio of aesthetic solutions
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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 Medshift
Frequently Asked Questions about MedShift
When was MedShift founded?
MedShift was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is MedShift located?
MedShift is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Is MedShift a funded company?
MedShift is a funded company, having raised a total of $116M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $13.5M, raised on Oct 30, 2019.
What does MedShift do?
MedShift Inc offers bundled subscription services for physicians and surgeons to get the latest equipment and technology. MedShift streamlines their operations by handling rote, periphery tasks such as inbound lead generation, medical device manufacturer relations, marketing, patient open houses, procedural analytics etc..
Who are the top competitors of MedShift?
MedShift's top competitors include Lumenis, Cartessa Aesthetics and Cutera.
What products or services does MedShift offer?
MedShift offers Velocity Enterprise, Velocity Lending, Velocity Unified Commerce, Pulse IoT, and Velocity Marketplaces.
Who are MedShift's investors?
MedShift has 4 investors. Key investors include First National Bank, Turning Rock Partners, Micota Capital, and OY6 Capital.
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