About Abtrace
Abtrace is a company based in London (United Kingdom) founded in 2018 by Umar Naeem Ahmad, Cristina Correia, and Helder Soares.. Abtrace has raised $2.88 million across 3 funding rounds from investors including Gov.uk, EIT Health and Ganexa Capital. Abtrace offers products and services including Proactive Monitoring and Intelligent Recall. Abtrace operates in a competitive market with competitors including ApolloMed, Genomics, Assurecare, Patients Know Best and ZeOmega, among others.
- Headquarter London, United Kingdom
- Founders Umar Naeem Ahmad, Cristina Correia, Helder Soares
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
$-820.32 K (USD)0as on Aug 31, 2021
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EBITDA
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Total Equity Funding
$2.88 M (USD)
in 3 rounds
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Latest Funding Round
$1.37 M (USD), Grant
Aug 26, 2021
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Investors
Gov.uk
& 3 more
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Employee Count
Employee Count
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Products & Services of Abtrace
Abtrace offers a comprehensive portfolio of products and services, including Proactive Monitoring and Intelligent Recall. 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.
Tool for managing chronic diseases and optimizing healthcare resources efficiently.
System that automates patient recalls and ensures timely monitoring actions.
Funding Insights of Abtrace
Abtrace has successfully raised a total of $2.88M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $1.37 million completed in August 2021. 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 3
- Last Round Grant — $1.4M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Grant - Abtrace | Valuation |
investors |
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| May, 2021 | Amount | Seed - Abtrace | Valuation | Faber | |
| Dec, 2019 | Amount | Grant - Abtrace | Valuation |
investors |
| 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 Abtrace
Abtrace has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, EIT Health and Ganexa Capital. 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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Ganexa Capital is engaged in investing in tech-focused startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech companies
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Founded Year | Domain | Location | |
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Healthcare startups are accelerated and incubated through specialized programs.
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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 Abtrace
| 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 |
Financial Statements - Abtrace
| 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 |
Abtrace Comparisons
Competitors of Abtrace
Abtrace 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 ApolloMed, Genomics, Assurecare, Patients Know Best and ZeOmega, 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 |
Health ecosystem participants are connected and provider support is integrated.
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| domain | founded_year | HQ Location |
Genomic risk assessment and prevention platform is provided.
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| domain | founded_year | HQ Location |
Digital population health management is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
Personal health records software is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Population health management software is provided to payers and providers.
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| domain | founded_year | HQ Location |
Provider of a DIY data science platform for health organizations to explore data and get insights
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Abtrace
Frequently Asked Questions about Abtrace
When was Abtrace founded?
Abtrace was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Abtrace located?
Abtrace is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Abtrace?
Umar Naeem Ahmad is the current CEO of Abtrace. They have also founded this company.
Is Abtrace a funded company?
Abtrace is a funded company, having raised a total of $2.88M across 3 funding rounds to date.
What does Abtrace do?
Abtrace was founded in 2018 in London, United Kingdom, within the healthcare sector. An AI-based platform is offered to enable personalized care across large populations. The Proactive Monitoring tool is utilized to automate self-learning care systems and recall processes. Informed decisions are supported for clinicians, while patient outcomes are enhanced and overall healthcare efficiency is increased through these operations.
Who are the top competitors of Abtrace?
Abtrace's top competitors include HiLabs, Patients Know Best and Assurecare.
What products or services does Abtrace offer?
Abtrace offers Proactive Monitoring and Intelligent Recall.
Who are Abtrace's investors?
Abtrace has 4 investors. Key investors include Gov.uk, EIT Health, Ganexa Capital, and Faber.