EHR company placed an additional $100,000 of its mezzanine offering

supramedSupraMed announced raising an additional $100,000 since September 2013 when Random Research first reported about its $750,000 mezzanine financing. The company had raised 20% of its financing round, it increased to 33% and stands at $250,000. The two new investors subscribed to the offering on two occasions first in December 2013 and this month. The new investors surfaced after the company participated in the LA region Challenge Cup competition organized by 1776 a Washington DC-based incubator.

When we first reported about the company back in September information was scarce. SupraMed is developing a Health Insurance Portability and Accountability Act (HIPAA) compliant software as a service (SaaS) “access anywhere” application (app) for surgeons’ medical practice and electronic health record (EHR) management needs. The app is in development, the practice management app is expected to launch in Q1 2014 and the EHR app will roll out in Q3 along with a product combining both services. Monthly subscription to the service ranges from $249 to $399 for the complete suite.

SupraMed, registered in 2013, is headquartered in San Diego CA. It is led by Raluan “Ron” G. Soltero (President and CEO). The executive team includes Robert B. Pollack (CTO). Both executives are board-certified plastic surgeons in private practice.

Offering recap:
Status: Third close
Company: SupraMed
Industry: Other Technology
Amount offered: $750,000
Amount placed: $250,000
First Sale: 09/06/13


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