Digital Medical Tech, an Annapolis, MD-based solution provider for hospital management and asset tracking, raised $1.5m in seed funding.
St. Louis, Mo.-based DMTI Capital Partners, LLC provided the funding.
The company intends to use the funds to launch a nationwide engagement program for targeting healthcare providers and potential partnerships.
Founded in 2016 by CEO Matthew Nicholson, Digital Medical Tech enables health systems to proactively track medical equipment and devices via a Bluetooth platform. The company’s real-time location system monitors and manages medical assets while requiring less infrastructure and shorter installation time compared to other tracking solutions.
Digital Medical Tech, which recently graduated from the Cedars-Sinai Accelerator business program powered by Techstars, currently has pilot programs at Cedars-Sinai Medical Center in Los Angeles, Calif.; Keck Medicine of USC; and American Medical Concepts, an exclusive distributor for Stryker Corporation, in Portland, Ore.
The company also has offices in Los Angeles, Calif.