RepeatMD, a Houston, TX-based SaaS company leveraging inbound revenue to increase sales for aesthetic and wellness practices, raised $50M in Series A funding.
The round, which was co-led by Centana Growth Partners and Full In Partners with participation from PROOF, and Mercury Fund, also included a $10m debt facility from Silicon Valley Bank.
The company intends to use the funds to grow its network of strategic partners, provide further product enhancements, and integrate AI to further amplify the patient shopping experience while scaling its platform.
Led by Phil Sitter, Founder and CEO, RepeatMD helps Aesthetic and Wellness practices grow their businesses through its Inbound Revenue Platform that automates revenue generation. Empowered by its MedCommerce Engine, the system attracts new patients, fosters loyalty, and promotes treatments for expanding practices. Its features include ecommerce solutions, mobile rewards, memberships, customized marketing campaigns, and a comprehensive digital treatment catalog.
Currently, the company provides software solutions to over 2,500 medical, aesthetic and wellness practices across all 50 states, including med spas, dermatologists, plastic surgeons, weight loss clinics, OBGYNs and many others, with nearly 700,000 registered users on its platform. RepeatMD has also forged partnerships with the largest medical and aesthetic laser manufacturers including Alma Lasers, Sciton, and Cynosure.
FinSMEs
27/11/2023