Medpool

Medpool is a healthcare startup that has been leveraging the Internet since its foundation in 1999 to provide a unique pooling and interactive contract negotiation tool between buyers and sellers of medical equipment, supplies, and services. The company's slogan "Harnessing collective purchasing power for unparalleled value in medical equipment and services" emphasizes its focus on creating value through collective purchasing. Medpool has also secured several patents on its business model, establishing a strong foundation for its market presence. The company's platform aggregates buyers' purchasing power on a virtual trading floor to collectively purchase medical equipment, supplies, and services for the best value. With its automated process, Medpool creates opportunities for selected sellers to capture large volumes of new business, retain at-risk business, and reduce operating costs. The contracting marketplace offered by Medpool benefits sellers by allowing them to differentiate their products and receive committed business, while buyers profit from volume pricing and a simplified purchasing process. In terms of investments, Medpool received a significant $10.00M Venture Round investment on 28 September 2000. This investment came from notable firms such as Domain Associates, IVP, Charter Venture Capital, and Mayfield Fund, demonstrating confidence in the company's potential. With a focus on bridging the gap between buyers and sellers in the medical equipment and services industry, Medpool presents a compelling value proposition for investors looking to support innovative solutions in the Health Care and Internet industries.