Medicom Technologies, Inc., a Raleigh, North Carolina-based creator of the first decentralized health information network in the U.S., completed a $21.8 million Series B financing round. 

The round was led by existing investor Oval Park Capital, with participation from Vocap Partners, Grayhawk Capital, and Cone Health Ventures. 

Medicom will use the Series B funding to expand operations and further invest in its software platforms, a first-of-its-kind health information network, and deepMed, the industry-leading real-world data marketplace.

Company: Medicom Technologies, Inc.

Raised: $21.8M

Round: Series B

Funding Month: November 2021

Lead Investors: Oval Park Capital

Additional Investors: Vocap Partners, Grayhawk Capital, and Cone Health Ventures

Company Website: https://home.medicom.us/

Software Category: Healthcare IT and Software-as-a-Service (SaaS)

About the Company: Medicom is a SaaS Healthcare IT company, Medicom is a healthtech company dedicated to accelerating access to clinically relevant data for healthcare delivery and advanced research. Medicom 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 help clinicians and researchers advance patient care and aids in the development of new therapies.

Source: https://www.prnewswire.com/news-releases/medicom-technologies-closes-oversubscribed-21-8m-series-b-financing-301428124.html