Medinas, a Berkeley, CA-based technology-driven asset management company for hospitals, closed a $5m seed funding round.
The round was led by NFX, with participation from Precursor Ventures, Sound Ventures, FJ Labs and Bryan Frist.
The company intends to use the funds to expand sales and hire software development talent.
Led by Chloe Alpert, co-founder and CEO, Medinas is a marketplace and technology-driven asset management platform that allows health care organizations of all types to resell and redeploy their pre-owned medical equipment and supplies.
empowers hospitals in three key ways:
(1) Valuing their existing capital equipment using the Medinas Price Book in order to make utilization decisions,
(2) redeploy and track equipment to other hospitals and clinics within their system and
(3) resell/donate or recycle their used equipment, helping them recover billions in value.
It also gives smaller hospitals access to pre-owned equipment that they wouldn’t be able to afford otherwise.
To further bolster hospitals’ asset management capabilities, Medinas is developing new software features that focus on inventory management, equipment redeployment and equipment maintenance management.