MedChain
About this raise
Who Should Be Interested:
Are you nervous about your medical information being compromised or stolen? Are you a healthcare provider wishing you could have easier access to patient information? If you said yes, then MedChain could be the investment for you. They use blockchain technology to ensure your information stays encrypted, safe, and easy to access -- anytime, anywhere.
The Company:
MedChain helps keep your medical records safe and secure, yet still easy to access for healthcare providers. The company uses an open-source framework combined with cutting-edge blockchain technology, military-level encryption, and distribution storage to encrypt your personal medical information for the ultimate level of privacy and safety. Your information is fragmented, then distributed across the entire network to make it safe, yet accessible, at a moment’s notice. As MedChain puts it, they “put control back into the hands of the patient -- both literally and figuratively.”
The Bottom Line:
MedChain’s framework provides a better, more secure, and transparent system for electronic medical records. It can vastly improve the quality of care for patients and the convenience for healthcare providers in obtaining records. Medical records stored blockchain style means you get it all -- accessibility and ultimate security.
Investment Overview
Invested : $467,396
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 01/03/2018
- Close Date
- 04/30/2018
$10,000
$1,070,000
$500
Equity - Common
Early Stage
RegCF
$2.00
$20,000,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Capital Intensity
- Location
- Castle Rock, Colorado
- Company Website
-
Visit Website
Team
- Employees
- 2
Financials
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2018 | StartEngine | $20,000,000 | $467,396 | Equity - Common | Funded | RegCF |
Founder Interview
Founder Profile: The $6 BILLION Dollar Pain Point You Can Invest In
Do you remember the days when you would go to the doctors and they would have to move around massive shelves to find your file folder and medical history? Well, despite these documents being made electronic in recent years, the accessibility of these documents still looks much like the day of big, old shelves stuffed to the brim with paper file folders.Unfortunately the way systems are currently set up, communication of healthcare records is rather spotty. Not only are medical records not readily accessible to patients and doctors, but data breaches lead to over $6 billion in damages every year. Put simply, doctors and patients currently have poor access to their records, yet hackers have pretty decent access. Something needs to give and that's where the Blockchain solution, Medchain comes into play.