What is Medisafe?
Founded in 2012 and headquartered in Boston, Massachusetts, Medisafe offers a comprehensive medication management platform designed to personalize patient content, resources, and interventions. The platform fosters enhanced collaboration between patients and healthcare professionals through integrated caregiver tools and detailed reporting functionalities. Medisafe operates as a HIPAA and GDPR compliant solution, emphasizing data security and patient privacy in its service delivery. Its core mission revolves around improving medication adherence and patient outcomes through technology.
How much funding has Medisafe raised?
Medisafe has raised a total of $51.6M across 5 funding rounds:
Angel/Seed
$1M
Series A
$6M
Series B
$14.5M
Debt
$150K
Series C
$30M
Angel/Seed (2013): $1M with participation from lool ventures and TriVentures
Series A (2015): $6M led by 7wire ventures, lool ventures, Pitango Venture Capital, and TriVentures
Series B (2017): $14.5M supported by lool ventures, Pitango Venture Capital, Octopus Ventures, TriVentures, M Ventures, Qualcomm Ventures, and 7wire ventures
Debt (2020): $150K featuring PPP
Series C (2021): $30M backed by 7wireVentures, M-Ventures, Triventures, Octopus Ventures, Sanofi Ventures, lool Ventures, Consensus Business Group, OurCrowd, Menorah Mivtachim, Qualcomm Ventures, ALIVE Israel HealthTech Fund, Pitango HealthTech, and Leumi Partners
Key Investors in Medisafe
Octopus Ventures
Octopus Investments is the UK's largest provider of specialist tax-efficient investments, focusing on VCTs and inheritance tax solutions. They cater to individual investors, financial advisers, and institutional clients, helping them plan for their financial future while managing high-risk investment options.
Sanofi Ventures
Sanofi is a global biopharmaceutical company dedicated to improving lives through scientific innovation. The company focuses on discovering, developing, and delivering medicines and vaccines across immunology, rare diseases, neurology, oncology, and preventive care.
OurCrowd
Founded in 2013, OurCrowd is a company that offers an investment platform built for accredited investors and institutions to invest in startups, early-stage companies, and venture funds. OurCrowd is located in Israel.
What's next for Medisafe?
With the recent influx of major strategic investment, Medisafe is poised for accelerated growth and innovation. The company's focus on personalizing patient engagement and facilitating seamless communication within the healthcare ecosystem positions it for continued success. Future initiatives are likely to involve expanding its platform capabilities, enhancing data analytics for predictive health insights, and potentially forging new partnerships within the broader healthcare industry to further its mission of improving medication management and patient well-being.
See full Medisafe company page
