Hystrix medical
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | <1m | 1.2m | 1.2m | 1.1m |
% growth | - | 31 % | - | (11 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | CHF860k | Seed | |
* | N/A | Seed | |
€50.0k | Grant | ||
CHF2.6m | Series A | ||
CHF3.0m | Series A | ||
Total Funding | €5.4m |
Recent News about Hystrix medical
EditHystrix Medical, headquartered in Langenthal, Switzerland, is a startup that operates a digital B2B (business-to-business) contracting platform specifically designed for the healthcare sector. The company aims to streamline the sales and procurement processes for medical products, making it easier for buyers and sellers to interact and transact efficiently.
Hystrix Medical serves a variety of clients within the healthcare industry, including hospitals, elderly homes, doctors' practices, dental clinics, rehabilitation clinics, and emergency service providers. These clients benefit from the platform's ability to provide instantaneous portfolio price visibility, real-time digital price negotiation, and interactive customization of catalogue list prices based on volume and specific requests.
The market Hystrix Medical operates in is the healthcare procurement sector, which involves the buying and selling of medical supplies and equipment. This market is characterized by the need for reliable, efficient, and transparent procurement processes to ensure that healthcare providers can access the necessary products to deliver quality care.
Hystrix Medical's business model is based on a Software as a Service (SaaS) solution. This means they provide their platform as a subscription-based service, allowing clients to access and use the software over the internet. The company generates revenue through subscription fees paid by users of the platform. Additionally, the platform's ability to consolidate offers and standardize contracts helps clients minimize the use of traditional tools like Excel, further driving efficiency and profitability.
The platform also ensures that competitors do not have access to users' prices and offers, maintaining confidentiality and competitive advantage. By leveraging digitalization, Hystrix Medical helps healthcare providers optimize their procurement processes, ultimately leading to cost savings and improved operational efficiency.
Keywords: healthcare, procurement, digital platform, B2B, SaaS, medical supplies, efficiency, cost savings, real-time negotiation, Switzerland.