Friday, September 6, 2013

Ingram Medical Lands $30M Funding

Salt Lake City-based Ingram Medical, a provider of testing supplies and oral medications for diabetics, has raised a big, $30M Series B funding round, led by Mercato Partners. According to Mercato, the Series B funding for Ingram Medical also included strategic investors such as Intermountain Healthcare, private equity firm StepStone Group, as well as others. The funding round will go towards helping continue growth and expansion into other chronic care areas. Ingram Medical is led by Jeff Smith. According to Ingram's investors, Ingram Medical has seen over 400 percent growth in its customer base over the past two years. Mercato's Alison Wistner sites on the board of Ingram Medical.