iMedicare offers an application that monitors patients' health, compares health insurance plans, and provides alternative therapeutic options to improve care or reduce costs. The startup was founded in 2012 by Flaviu Simihaian and Matthew Johnson and built its early foundations in Charlotte, North Carolina. It operates offices in Cluj (six product-development employees) and New York (20 employees, mostly sales). The company has sold its solution to about 4,000 of the roughly 60,000 U.S. pharmacies, gaining a meaningful early market share. iMedicare reached profitability soon after its seed financing and has not needed additional funding to date. The firm plans to expand its pharmacy contracts to 10,000 by the end of the year and may consider outside investment for future expansion.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2015