US healthcare startup Bttn secures $20M in Tiger Global led funding round
Seattle-based startup bttn has secured $20 million in a new round of funding. Tiger Global led the Series A funding round in the medical supply startup. Tiger Global led a $20 million Series A financing for Seattle-based company bttn, which intends to revolutionize the healthcare distribution system. The financing raises the year-old company's worth to $110 million. Bttn, pronounced "button," intends to save expenses and eliminate the middleman in medical supply procurement. It currently services over 7,000 clients and has a team of 75 people, with the epidemic giving an initial boost. In April, the firm says it got access to eight distribution and fulfillment hubs. These facilities have aided in the company's reduced fulfillment periods, which currently average about three days after the first order. It also obtained access to over 2.5 million medical items from well-known producers. While larger economic factors have made it difficult for many sta...