Hospital software dev Jump Tech raises $3m

Hospital supply chain solutions developer Jump Technologies said today it closed a $2 million follow-on investment round.

The Eagan, Minn.-based company developed and supports the JumpStock could-based hospital supply chain software, according to a press release.

The financing round was led by Black Granite Capital and joined by new strategic investor Mount Sinai Ventures, as well as two large unnamed investors, Jump Tech said.

“Health Systems need to drive innovation in business practices and technologies, not only in clinical care or practice. Our partnership with Jump Technologies has enabled the development of a best-in-class inventory management solution that reflects the unique needs of our system and brings increased efficiency and support to our world-class clinical teams and the patients we serve,” Les Grant of Mount Sinai Health System said in a prepared statement.

“Additional investment capital helps us expand our footprint more quickly to hospitals and health systems across the country. Hospitals invest in cutting-edge technology to treat patients, but when it comes to inventory management, some facilities still rely on individuals counting materials in store rooms every day. We’re improving this dramatically with our powerful automation and data analytics and simple user interface. By delivering actionable analytics that are visible to all areas of the hospital, we can positively impact the supply room, patient care, and an organization’s bottom line,” Jump Tech CEO John Freund said in a press release.