The Mexico-based startup MEDU has closed a $4M seed round led by MaC Venture Capital. Halcyon Fund and a group of angel investors, including Ryan Shea, also participated in the round.
The startup built a line of sustainable and virus-resistant reusable pieces for hospitals. They created surgical gowns, head coverings, and full-body suits. These are meant to provide a sustainable and reusable alternative to single-wear medical garments:
“The products can be reused for up to 50 washes, so you can use the same gown instead of changing into a different one, which saves money and waste,” explains Tamara Chayo, MEDU’s CEO.
By the end of this year, MEDU aims to replace more than 20 million single-use PPE gowns. The company’s revenue is growing 6X a month and has, since January, distributed approximately 7,000 equipment pieces. This is equivalent to 3 million disposable gowns.
Michael Palank, General Partner at MaC Venture Capital, explained what attracted the fund’s attention to Tamara’s product:
“The traction that she has pre-FDA approval, including trials in some of the biggest well-known hospitals in the U.S., but also those hospitals are introducing her to other hospitals, which is the best form of customer acquisition. MEDU is also doing well in Mexico, where it is in one of the country’s biggest hospitals. This couldn’t be more of a global company, and it will get very big quickly.”
MEDU will use the new funding to continue expanding into the U.S. and to continue developing the full-body suit. According to Chayo, the company will partner with 15 hospitals in the U.S. by the end of the year.
Read more on Techcrunch.