The company was previously valued at $27M in August 2021. Here are the top-line bullets you need to know.
bttn, a digital marketplace for medical supplies, has raised $20M in a Series A. The round drew participation from Fuse Venture Partners and Tiger Global Management.
HOW’S THE COMPANY PERFORMING?
- Washington-based bttn helps speed up and simplify the procurement of medical supplies for organizations like hospitals, medical centers, and dental clinics.
- The platform has access to 2.5M+ medical supplies from name-brand manufacturers. In May 2022, it received 1K+ orders.
- It caters to 7K clients, and its gross merchandise volume increased by 1000% from August 2021 to May 2022.
- bttn is currently supported by a team of 75 employees, up from 10 in August 2021.
Source: bttn
WHY DOES THE MARKET MATTER?
- The global healthcare distribution market is expected to reach a value of $1.38T by 2030, growing at a CAGR of 7.8%, according to Precedence Research.
- Healthcare organizations are increasingly turning to healthcare distribution solutions in order to ensure secure delivery amid supply chain disruption.
- Rising hospital demand for advanced medical devices is driving growth in this market.
