Tech Company Financing Transactions
MedAvail Funding Round
MedAvail, operating out of Mississauga ON, secured $16.6 million in funding from Adage Capital Management, Deerfield Capital and Express Scripts.
Transaction Overview
Company Name
Announced On
7/26/2018
Transaction Type
Venture Equity
Amount
$16,600,000
Round
Undisclosed
Investors
Express Scripts (Glen Stettin)
Pura Vida Investments (Frank Litvack)
Proceeds Purpose
This round of financing will help scale MedAvail's commercial activities in the US and overseas.
Company Information
Company Status
Private & Independent
Industry
Healthcare Services
Mailing Address
6665 Millcreek Dr. 1
Mississauga ON, L5N 5M4
Canada
Mississauga ON, L5N 5M4
Canada
Phone
Website
Email Address
Overview
MedAvail Technologies Inc. is a healthcare technology company commercializing a self-service kiosk solution, the MedAvail MedCenter, supporting the dispensing of prescription drugs and Over-The-Counter medications. The MedAvail MedCenter can be deployed in remote sites such as employer locations, clinics, hospitals and retail locations.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 7/26/2018: Stem venture capital transaction
Next: 7/26/2018: Alector venture capital transaction
Share this article
Where The Data Comes From
We do our best to record tech company VC transactions. VC investment data records reported here are derived from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs