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Vamstar raises $1.7 million to reinvent procurement in healthcare

Press releases may be edited for formatting or style | February 04, 2021 Business Affairs

Vamstar has won multiple Innovate UK grants with the University of Sheffield and the University of Nottingham, to contribute to post-COVID recovery by ensuring that the supply chain risk and supply-demand matching can be monitored in real-time within our healthcare systems.

The European startup will focus on building the supplier and buyer related use-cases to accelerate growth. The Vamstar team will grow globally from the UK, Germany, India, and the United States by the end of 2021 with new roles in sales and marketing, product development, and data analysis.

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Contact
If you would like more information about this topic, Please contact praful@vamstar.io


About Vamstar
Vamstar is changing the status quo in the healthcare industry and fully transforming the way healthcare supply chain functions, by building the very first SaaS-enabled AI driven B2B healthcare marketplace. Its platform is used for businesses and organisations connecting suppliers, such as pharmaceutical, medical device, and digital technology companies, with public and private buyers, such as hospitals, health insurances or Group Purchasing Organisations (GPOs). The company was founded in early 2020 by Praful Mehta, Richard Freeman, and Vishesh Duggar with offices in the UK, India, and the United States.

For more information, visit the company’s website at www.vamstar.io.


About btov Partners
btov Partners, founded in 2000, is a European venture capital firm focusing on digital and industrial technologies. btov’s network of entrepreneurial private investors provides it with unique expertise and access to non-obvious investment themes and founders. The Digital Tech team focuses on startups primarily in AI, digital health, fintech, SaaS, logistics and digital marketplaces. With offices in Berlin, Munich, St. Gallen and Luxembourg, the company manages assets of EUR 500m+. The most well-known investments include Blacklane, DeepL, Foodspring, Happify, ORCAM, Raisin, SumUp and XING.

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