Medicom Technologies Raises $21.8M in Series B Financing

Medicom Technologies, Inc., a Raleigh, NC and Phoenix, AZ-based creator of a decentralized health information network, raised $21.8M in Series B financing.

The round was led by existing investor Oval Park Capital, with participation from Vocap Partners, Grayhawk Capital, and Cone Health Ventures. Vocap Partners Co-Founder Vinny Olmstead will join the Medicom Board of Directors, in conjunction with the deal.

The company will use the funding to expand operations and further invest in its software platforms, its health information network, and deepMed, a real-world data marketplace.

Led by Michael Rosenberg, CEO, Medicom is a healthtech company dedicated to accelerating access to clinically relevant data for healthcare delivery and advanced research. The company enables providers, patients, and research organizations to search and share data across disparate ecosystems through a decentralized health information network. Data and insights from the Medicom Network (which has over 3,500 unique EMR and PACS integrations) help clinicians and researchers advance patient care and aids in the development of new therapies.

Medicom launched its health information network in 2017 and established itself as a leader in the radiology interoperability space with its Imagex offering. The company has since expanded its platform to address diverse clinical and operational data access needs.