MedChain

MedChain

Closed: Apr. 2018

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.

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Investment Overview

Invested this round: $467,396

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
01/03/2018
Close Date
04/30/2018
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$500

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$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

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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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
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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.

Read Founder Interview

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Add to portfolio
MedChain on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,000,000
Price per Share: $2.00

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Follow MedChain on StartEngine

Buy MedChain's Deal Report

Warning: according to the close date for this deal, MedChain may no longer be accepting investments.

MedChain Deal Report

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