Jump Technologies, an Eagan, Minn.-based hospital supply chain solutions provider, closed a $2m follow-on Series B funding.
This new funding, which brought the total amount raised in the round to $5.5m, was led by Black Granite Capital with participation from Mount Sinai Ventures and two large investors.
The company intends to use the funds to expand its national sales and product development efforts.
Led by John Freund, CEO, Jump Technologies delivers a cloud-based hospital supply chain software solution called JumpStock, which integrates with any ERP system to allow hospitals to save money and improve clinical outcomes.
JumpStock integrates into clinical workflows and delivers reports that allow clinicians and supply chain professionals make informed decisions about supply utilization throughout their facilities – including high-cost areas like operating and procedure rooms. With JumpStock, hospitals can standardize utilization of supplies, which allows them to save money and reallocate funds to clinical resources and technology, while clinicians can have the right supplies when and where they are needed.