2024 Revenue
$2.9M
Customers
1.1K
Funding
$0
YOY
116.9%
Avg ACV
$2.6K
Team
42
Founded
1996
How Medstrat CEO Michael Cowden grew to $2.9M revenue and 1.1K customers in 2024.
Our mission is improving the efficiency and quality of orthopedic care through specialized software as a service.
Last updated
Medstrat Revenue
In 2024, Medstrat's revenue reached $2.9M. The company previously reported $1.3M in 2023. Since its launch in 1996, Medstrat has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Medstrat Hit $2.9m revenue in October 2024 | |
| 2023 | Medstrat Hit $1.3m revenue in October 2023 | |
| 2021 | Medstrat Hit $1.1m revenue in April 2021 | |
| 1996 | Launched with $0 revenue |
Medstrat Valuation, Funding Rounds
Medstrat is a bootstrapped Health Care Software startup. Founded in 1996, Medstrat has grown to $2.9M in revenue without raising any venture capital or outside funding.
As a self-funded Health Care Software SaaS company, Medstrat has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Medstrat serves 1.1K customers.
Medstrat Employees & Team Size
Medstrat employs approximately 42 people as of 2026. It serves 1.1K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 42 employees (October 2024) |
| 2023 | Reached 42 employees (October 2023) |
| 2022 | Reached 45 employees (October 2022) |
| 2021 | Reached 42 employees (December 2021) |
| 2021 | Reached 41 employees (April 2021) |
Frequently Asked Questions about Medstrat
What is Medstrat's revenue?
Medstrat generates an estimated $2.9M in annual revenue.
Who founded Medstrat?
Medstrat was founded by Michael Cowden.
Who is the CEO of Medstrat?
The CEO of Medstrat is Michael Cowden.
How much funding does Medstrat have?
Medstrat is bootstrapped and has not raised outside funding.
How many employees does Medstrat have?
Medstrat has 42 employees.
Where is Medstrat headquarters?
Medstrat is headquartered in Downers Grove, Illinois, United States.
Compare Medstrat to the industry
Medstrat operates across multiple industries. Browse revenue, funding, and growth data for Medstrat in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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