Tech Company Financing Transactions
MedAvail Funding Round
Ally Bridge Group, Adage Capital Management and Cigna participated in a $84 million capital raise for MedAvail. The round was announced on 11/20/2020.
Transaction Overview
Company Name
Announced On
11/20/2020
Transaction Type
Venture Equity
Amount
$84,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds for strategic growth initiatives and general corporate purposes.
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
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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.
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