True to his word, Medical Direct Club founder Brad Gulmi has secured nearly $5 million from at least two investors, according to an SEC filing. (Update: Fulcrum Equity Partners out of Atlanta led the raise.)
The identities of the investors are not known and not indicated in the filing. What is known is that Brentwood Capital Advisors brokered the deal for a commission of $250,000 and shares were first sold July 27.
Earlier this year, Gulmi told the Nashville Post he planned to build on the success his company had already attained and wasn’t planning to hold back. Gulmi, along with other local business owners, had been selected as an Entrepreneur of the Year and it was then he stated his plans to expand and grow his burgeoning catheter supply and service company. Gulmi wasn’t immediately available on Thursday for comment.
Gulmi founded Medical Direct Club in 2009. He employs around 50 and, according to earlier reports, expects $25 million in billings this year. He started Medical Direct after selling his first company, Diabetes Care Club, in 2007.