D2 solutions

D2 Solutions Lands Growth Funding From Decathlon Capital Partners

Financing package will support expansion for the rapidly-growing software and consulting company

 

ST. LOUIS, MO (PRWEB) JUNE 24, 2024D2 Solutions, whose software solutions and consulting expertise help healthcare providers deliver better experiences across the prescription journey, acquired a seven-figure growth funding package from Decathlon Capital Partners to support its growth initiatives.

Headquartered in Chesterfield, Missouri, D2 Solutions will use the additional capital to expand its platform development, strengthen its customer service operations, and add new SaaS service offerings to its line-up. Details of the revenue-based financing were not disclosed.

Dean Erhardt, Chief Executive Officer of D2 Solutions, said D2 Solutions has helped more than 500 healthcare industry partners work toward increased efficiency, decreased risks, and expanded access in the prescription realm. “By combining consulting with technology, we are able to develop real-world solutions for our partners,” Erhardt said. “This is a market that’s constantly changing, and we’re here to help manufacturers, pharmacies, and hospitals bridge the gap with our team of industry experts.”

Dean Issak, Chief Financial Officer of D2 Solutions, said D2 Solutions is looking forward to expanding its offerings, thanks to Decathlon’s flexible solutions that fund growth initiatives. “The dilution-free funding provided by Decathlon Capital Partners gives us the ability to support our rapid expansion without giving up any equity or ownership,” Issak said. “We look forward to continuing to work with Decathlon.”

John Borchers, Managing Director of Decathlon Capital Partners, said incorporating software solutions and expert consulting into one partner is what sets D2 Solutions apart. “For over fifteen years, D2 Solutions has helped its partners grow, thanks to its team of healthcare leaders,” Borchers said. “We are excited to see how this funding will help its impressive growth trajectory.”

About D2 Solutions
D2 Solutions works with partners across the healthcare industry—including manufacturers, pharmacies, payers, PBMs, and hospital systems—to increase efficiency, minimize risk, and drive access through a ground-breaking combination of expert consulting and novel technology. Its team is made up of seasoned clinical experts and healthcare industry leaders, who have experienced the complex challenges facing healthcare organizations firsthand. Learn more at https://d2rx.com/.

About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.

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DECATHLON INVESTMENT CRITERIA

 

    • Operating history of at least two years

    • Annual revenues between $4 million and $100 million

    • Annual growth rate of 10% or more

    • Attractive gross margins

    • Experienced management team

    • North America-based operations

    • Near-term visibility to cashflow-positive status