Updated: Medicom Health Interactive Closes On $3m In Equity For Health & Wellness Tech


Minneapolis headquartered Medicom Health Interactive has raised another $500k in equity recently, per this SEC disclosure.

Medicom provides consumer focused health and wellness assessment applications for hospitals, clinics and other health care systems through their EVALIA software product.

CEO Will Sigsbee said in August that the firm was experiencing 50% YoY top line revenue growth at the time, on pace for $4m in 2015, as they sought $2.3m in working capital. It’s unclear if that target was ever hit, an inquiry to Sigsbee will be updated upon response. Updated 12/4/2015 11:27am per Will Sigsbee:

“We amended the original 2.3 million offering to $ 3 million and actually closed on that round around 2.5 million- but had an investor in that round that wanted to commit additional funds and get us to the $ 3 million- so the secondary offering was issued and closed this week, totaling $3 million in new capital for the business. “


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