RALEIGH – Medicom Technologies, a Raleigh-based emerging entreprenurial company developing software to improve medical care has raised $700,000 in a mixture of debt and options, according to a securities filing.
The company wants to raise $1 million in total.
Medicom is a web application for the medical industry that provides fast and secure file transfers. It was cited in 2019 as one of the Triangle’s rising stars among startups and emerging companies by serial investor Scot Wingo.
One investor participated in the new funding.
Medicom raised more than $5 million from 11 investors in 2017.
The company said at the time it would use the money for working capital.
The company had earlier raised $250,000 in June and another $275,000 in July 2016.
Medicom is a web application for the medical industry that provides fast and secure file transfers.
The company was founded in 2015 by Malcolm Benitz, a North Carolina State University graduate.
Along with three tech friends, Benitz developed technology with military-grade encryption that is HIPAA compliant and allows physicians and health care providers to quickly share files through a peer-to-peer connection versus through the cloud.