When was MedAvail founded?

MedAvail was founded in 2005 and raised its 1st funding round 6 years after it was founded.

Where is MedAvail located?

MedAvail is headquartered in Mississauga, Canada.

How many employees does MedAvail have?

As of Dec 31, 2022, MedAvail has 279 employees, reflecting a 2% year-over-year decline in headcount.

Is MedAvail a funded company?

MedAvail is a funded company, having raised a total of $147M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 13, 2011.

When was the latest funding round of MedAvail?

MedAvail's latest funding was a $***** Post IPO round on Mar 13, 2023, with participation from 0 investor.

What is the annual revenue of MedAvail?

Annual revenue of MedAvail is $43.1M as on Dec 31, 2022.

Where does MedAvail rank among its competitors?

MedAvail ranks 1st amongst 15 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was MedAvail, which secured an undisclosed amount in Mar, 2023.

Who are the top competitors of MedAvail?

MedAvail's top competitors include Nuscriptrx, Wuhan Cooper Technology and Asteres. Among them, MedAvail secured the most recent funding round in March, 2023.

MedAvail - 2026 Company Profile, Team, Funding, Competitors & Financials

MedAvail is a deadpooled company based in Mississauga (Canada), founded in 2005. It operates as a Provider of digital kiosks for automated prescription and medicine dispensing. MedAvail has raised $147M in funding from investors like Pura Vida Investments, Adage Capital Management and Deerfield. The company has 15 active competitors, including 4 funded and 2 that have exited. Its top competitors include companies like Nuscriptrx, Wuhan Cooper Technology and Asteres.

Company Details

MedAvail Technologies provides a digital kiosk for automated medication dispensing. The self-service kiosk solution, the MedAvail MedCenter, helps in dispensing prescription drugs and Over-The-Counter medications. The company designs and manufactures pharmacist-controlled automated prescription medicine dispensing vaults. It is intended for deployment in hospitals, pharmacies, medical clinics, and other locations. The company integrates advanced robotics, two-way video teleconferencing, and a secure network for patient's medical information to create a prescription medication dispensing system.

Website: medavail.com
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Key Metrics

Founded Year

2005

Location

Mississauga, Canada

Stage

Deadpooled

Total Funding

$147M in 6 rounds

Latest Funding Round

Post IPO, Mar 13, 2023, $*****

Investors

Pura Vida Investments & 12 more

Ranked

1^st among 15 active competitors

Annual Revenue

$43.1M as on Dec 31, 2022

Employee Count

279 as on Dec 31, 2022

Similar Companies

Nuscriptrx & 16 more

View MedAvail's full profile

MedAvail is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Pcas Patient Care Automation Services Inc. CIN: 1509596 , United States, Active		$1M - $5M (As on Jan 13, 2011)	-	-
Myos Rens Technology Inc. CIN: 1402479 , United States, Active		$43.1M (As on Dec 31, 2022)	279 (As on Dec 31, 2022)	-

MedAvail has raised a total funding of $147M over 6 rounds. Its first funding round was on Jan 13, 2011. MedAvail has 13 institutional investors.

Here is the list of recent funding rounds of MedAvail:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 13, 2023	8192139	Post IPO	2806632	3892209	3872852	3213007
Apr 04, 2022	5445233	Post IPO	9128586	2437934	4904214	8286993
Nov 12, 2020	2322892	Series D	7109532	5054617	Ally Bridge Group	Cigna Ventures & 6 more

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View details of MedAvail's funding rounds and investors

MedAvail's employee count trend

MedAvail has 279 employees as of Dec 22. The total employee count is 3.0% lower than what it was in Dec 21. Here is MedAvail's employee count trend over the years:

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Top competitors of MedAvail include Nuscriptrx, Wuhan Cooper Technology and Asteres. Here is the list of Top 10 competitors of MedAvail, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MedAvail 2005, Mississauga (Canada), Deadpooled	Provider of digital kiosks for automated prescription and medicine dispensing	$147M	Deerfield, Redmile Group & 11 others	45/100
2nd	Nuscriptrx 2007, Nashville (United States), Series C	On-site dispensing solution for long-term care facilities and their residents	$46.4M	Council Capital, Square 1 Bank & 7 others	44/100
3rd	Wuhan Cooper Technology 2016, Wuhan (China), Series B	Platform offering automated workforce solutions for pharmacy	$15.4M	GGV Capital, Blueprint Ventures & 4 others	38/100
4th	Asteres 2003, San Diego (United States), Series C	Secure self-service kiosks for storage and delivery of prescriptions	$12.1M	Pacific Venture Capital, Forward Ventures ... & 1 others	38/100
5th	Medical Dispenser 2012, Spain, Funding Raised	App and medication dispenser for medication adherence	-	MONDRAGON Health	34/100
6th	Advanced Pharmacy Solutions 2021, Houston (United States), Unfunded	Pharmacy automatic dispensing solution	-	-	27/100
7th	InDispense 2021, Phoenix (United States), Unfunded	Provider of point-of-care medication dispensing robots and SaaS system	-	-	26/100
8th	VendRx 2011, Mission Viejo (United States), Seed	Kiosk for ordering medicines using EMR data	$100K	Jumpstart Foundry	26/100
9th	Advanced Pharmacy 2002, Houston (United States), Acquired	Automated pharmacy solutions to the long-term care industry	-	DFW Capital Partners, Galen Partners & 1 others	25/100
10th	medifriendRx 1975, Oakland (United States), Unfunded	self-serving pharmacy kiosk for collecting prescription	-	-	25/100