Crowdfunding Site Focuses on Healthcare Projects

On average, MedStartr campaigns raise more than $405,000 over a six-month period.

May 1, 2013

1 Min Read
Crowdfunding Site Focuses on Healthcare Projects

On average, successful campaigns on MedStartr raise more than $405,000 over a six-month period. 

A little while back, MD+DI looked at the pros and cons of crowdfunding for medtech startups. Today I came across MedStartr.com, a crowdfunding site focused on healthcare projects. 

Launched in July 2012, it offers all-or-nothing campaigns, in which projects must reach their funding goal or else investors keep their pledge money, as well as a model that allows start-ups to keep what they raise. The site also offers services and support to help entrepreneurs get their campaigns funded faster.

On average, successful MedStartr campaigns raise more than $13,000 immediately and more than $405,000 over the next six months, according to the site. Projects that have reached their funding goals through MedStartr include BSE Aware, a breast self-exam app, and Avado, a health IT system that helps providers manage patient relationships.

Jamie Hartford is MD+DI's managing editor.

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