About MedTel
MedTel is a company based in New York (United States) founded in 2011.. MedTel has raised $6.49 million across 4 funding rounds. The company has 10 employees as of December 31, 2021. MedTel offers products and services including SurgiScript. MedTel operates in a competitive market with competitors including Picis Clinical Solutions, Pip Care, ExplORer Surgical, True Digital Surgery and Agility Healthcare, among others.
- Headquarter New York, United States
- Employees 10 as on 31 Dec, 2021
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Medtel.Com 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
$6.49 M (USD)
in 4 rounds
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Latest Funding Round
$6.4 M (USD), Series A
Jul 14, 2023
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Investors
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Employee Count
10
as on Dec 31, 2021
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Products & Services of MedTel
MedTel offers a comprehensive portfolio of products and services, including SurgiScript. 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.
Software for streamlining surgical workflows and team communication.
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Funding Insights of MedTel
MedTel has successfully raised a total of $6.49M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $6.4 million completed in July 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 4
- Last Round Series A — $6.4M
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First Round
First Round
(22 Feb 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series A - MedTel | Valuation |
investors |
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| Jun, 2014 | Amount | Debt – Conventional - MedTel | Valuation |
investors |
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| Feb, 2013 | Amount | Seed - MedTel | 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 |
Investments & Acquisitions by MedTel
| 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 - MedTel
| 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 |
Medtel Comparisons
Competitors of MedTel
MedTel 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 Picis Clinical Solutions, Pip Care, ExplORer Surgical, True Digital Surgery and Agility Healthcare, 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 |
Patient management software for surgical journeys is provided.
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| domain | founded_year | HQ Location |
Personalized surgical platform is provided for patients and care teams.
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| domain | founded_year | HQ Location |
Provides an interactive surgical playbook that promotes optimal teamwork in the operating room
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| domain | founded_year | HQ Location |
Provider of an AI-based surgical instrument
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| domain | founded_year | HQ Location |
Hospital workflow and patient care solutions are provided.
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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 Medtel
Frequently Asked Questions about MedTel
When was MedTel founded?
MedTel was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is MedTel located?
MedTel is headquartered in New York, United States. It is registered at New York, New York, United States.
Is MedTel a funded company?
MedTel is a funded company, having raised a total of $6.49M across 4 funding rounds to date. The company's 1st funding round was a Seed of $87K, raised on Feb 22, 2012.
How many employees does MedTel have?
As of Dec 31, 2021, the latest employee count at MedTel is 10.
What does MedTel do?
MedTel was founded in 2011 in New York, United States, and operates in the healthcare technology sector. A cloud-based SaaS platform is provided to streamline surgical procedures through automated dashboards and analytics. Gaps in hospital IT systems are addressed by replacing paper-based and telephone coordination methods. Clinical and financial risks are managed, while procedural costs and outcomes are tracked to support operational efficiency.
Who are the top competitors of MedTel?
MedTel's top competitors include Pip Care, Picis Clinical Solutions and ExplORer Surgical.
What products or services does MedTel offer?
MedTel offers SurgiScript.
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