Medstrat
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 Medstrat 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 |
|---|---|
| 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 |
|---|
Medstrat Employees & Team Size
Medstrat employs approximately 42 people as of 2026.
Medstrat has 42 total employees in different roles and functions. They have 1.1K customers that rely on the company's 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) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Medstrat acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Medstrat
What is Medstrat's revenue?
Medstrat generates $2.9M in 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 raised $0.
How many employees does Medstrat have?
Medstrat has 42 employees.
Where is Medstrat headquarters?
Medstrat is headquartered in Downers Grove, Illinois, United States.
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Compare Medstrat to the industry
Medstrat operates across multiple industries. Browse revenue, funding, and growth data for Medstrat in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .