MedShift Closes $8M Equity Funding

MedShift, a Charlotte, NC-based medtech company, secured $8m in first round of funding at a post money valuation of $150m.

The backers were not disclosed.

The company intends to use the new funding to continue to grow its presence in the enterprise software segment of the medical technology market.

Founded in 2015 and led by CEO Brian Phillips, MedShift delivers a platform as a service to both medical device manufacturers as well as individual medical practices in the aesthetic device market. Its broad portfolio of services for practices includes 30 aesthetic medical devices from nine manufacturers, an aesthetic eCommerce and subscription platform, in-house communications and marketing services, and inbound lead generation. For manufacturers, the company delivers a secure IoT platform consisting of both hardware and software assets allowing for real-time visibility, remote management, and big data modeling of entire medical device lineups.