Streamline Inc. is looking to raise $1 million in equity for its IV system that’s designed for use in transporting hospital patients, according to a Securities and Exchange Commission filing.
The company has not yet received any commitments for the funding and has no revenue, according to the document.
Detailed information on Streamline is hard to come by, since the company’s website doesn’t go into much depth and contains no press releases. CEO Jim Phillips didn’t immediately return a call.
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The company’s product is called the Streamline IV Suspension System, an IV pole that attaches and locks to transport devices like beds or gurneys. Streamline says the system reduces patient-transport time and staff-preparation time.
The company was co-founded in 2007 by Sam Blankenship, vice president of operations and logistics, and Peter Blankenship, vice president and technical director.