About 98point6
98point6 is a company based in Seattle (United States) founded in 2015 by Jeff Greenstein was acquired by Transcarent in March 2023.. 98point6 has raised $304.54 million across 8 funding rounds from investors including Goldman Sachs, Transcarent and L Catterton. The company has 118 employees as of December 31, 2023. 98point6 has completed 1 acquisition, including Bright.md. 98point6 offers products and services including Virtual Care Platform. 98point6 operates in a competitive market with competitors including Hinge Health, Amwell, Ro, One Medical and Accolade, among others.
- Headquarter Seattle, United States
- Employees 118 as on 31 Dec, 2023
- Founders Jeff Greenstein
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name 98Point6 Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$304.54 M (USD)
in 8 rounds
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Latest Funding Round
$32 M (USD), Series E
Apr 12, 2023
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Investors
Goldman Sachs
& 8 more
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Employee Count
118
as on Dec 31, 2023
- Investments & Acquisitions
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Acquired by
Transcarent
(Mar 06, 2023)
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Products & Services of 98point6
98point6 offers a comprehensive portfolio of products and services, including Virtual Care Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables async and real-time telehealth interactions with admin automation.
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Funding Insights of 98point6
98point6 has successfully raised a total of $304.54M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $32 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $32.0M
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First Round
First Round
(04 May 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series E - 98point6 | Valuation | L Catterton , Activant Capital |
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| Sep, 2022 | Amount | Series E - 98point6 | Valuation | Activant Capital | |
| Oct, 2020 | Amount | Series E - 98point6 | Valuation | L Catterton , Activant Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 98point6
98point6 has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Goldman Sachs, Transcarent and L Catterton. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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L Catterton is recognized as a leading consumer-focused private equity group.
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Founded Year | Domain | Location | |
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Venture capital fund investing in tech sectors
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 98point6
98point6 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bright.md. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of virtual telehealth and physician assistant for hospitals and patients
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - 98point6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
98Point6 Comparisons
Competitors of 98point6
98point6 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Amwell, Ro, One Medical and Accolade, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Telehealth solutions are provided for doctors and patients' consultations.
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| domain | founded_year | HQ Location |
Digital health services for men's wellness are offered by Ro.
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| domain | founded_year | HQ Location |
Membership-based primary care platform is offered for employees and consumers.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 98Point6
Frequently Asked Questions about 98point6
When was 98point6 founded?
98point6 was founded in 2015.
Where is 98point6 located?
98point6 is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of 98point6?
Jay Burrell is the current CEO of 98point6.
Is 98point6 a funded company?
98point6 is a funded company, having raised a total of $304.54M across 8 funding rounds to date. The company's 1st funding round was a Series E of $118.69M, raised on May 04, 2015.
How many employees does 98point6 have?
As of Dec 31, 2023, the latest employee count at 98point6 is 118.
What does 98point6 do?
Digital platform offering virtual care experiences for providers and patients. The company uses proprietary 98point6 technology platform consists of cloud-based software that harnesses the power of artificial intelligence that empowers health systems to create and grow premium virtual care offerings. The platform includes a physician-facing clinician console, patient-facing branded app and professional services and support.
Who are the top competitors of 98point6?
98point6's top competitors include Accolade, Hinge Health and One Medical.
What products or services does 98point6 offer?
98point6 offers Virtual Care Platform.
How many acquisitions has 98point6 made?
98point6 has made 1 acquisition, including Bright.md.
Who are 98point6's investors?
98point6 has 9 investors. Key investors include Goldman Sachs, Transcarent, L Catterton, Activant Capital, and Larry D Fink.
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