Collateral Medical operates an online distribution platform for medical devices, focusing on reasonable pricing for healthcare providers. The company serves thousands of doctors across more than 400 districts in 28 states. Leadership says the business helps bring down costs for practitioners while expanding access to devices. Collateral Medical plans to use new capital to strengthen its distribution capabilities, expand its service network, and bolster IT infrastructure. The firm raised a Series A to support that next phase of growth. Management framed the funding as a means to improve and enhance capabilities to better serve the medical community.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

May 2017