About ActualMeds
ActualMeds is a company based in East Hartford (United States) founded in 2009 by Anne Marie Biernacki and Patricia Neafsey.. ActualMeds has raised $7.76 million across 7 funding rounds from investors including Connecticut Innovations. ActualMeds offers products and services including InConcert Medication Management Platform, Medication Reconciliation, and Chronic Disease Adherence. ActualMeds operates in a competitive market with competitors including AllazoHealth, RxAnte, AdhereHealth, DayaMed and Pilleve, among others.
- Headquarter East Hartford, United States
- Founders Anne Marie Biernacki, Patricia Neafsey
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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
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EBITDA
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Total Equity Funding
$7.76 M (USD)
in 7 rounds
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Latest Funding Round
$1.25 M (USD), Series A
Sep 27, 2016
- Investors
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Employee Count
Employee Count
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Products & Services of ActualMeds
ActualMeds offers a comprehensive portfolio of products and services, including InConcert Medication Management Platform, Medication Reconciliation, and Chronic Disease Adherence. 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.
Platform for managing patient medications and reducing readmissions through automated outreach.
Service to ensure accurate medication history during care transitions and improve outcomes.
Program for monitoring and optimizing medication for chronic conditions to prevent hospitalizations.
Funding Insights of ActualMeds
ActualMeds has successfully raised a total of $7.76M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $1.25 million completed in September 2016. 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 7
- Last Round Series A — $1.2M
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First Round
First Round
(31 Aug 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2016 | Amount | Series A - ActualMeds | Valuation |
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| Sep, 2016 | Amount | Series A - ActualMeds | Valuation |
investors |
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| Dec, 2015 | Amount | Series A - ActualMeds | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in ActualMeds
ActualMeds has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Connecticut Innovations. 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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Venture capital services for biotech, IT, and innovative sectors in Connecticut.
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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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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 ActualMeds
| 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 - ActualMeds
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Actualmeds Comparisons
Competitors of ActualMeds
ActualMeds 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 AllazoHealth, RxAnte, AdhereHealth, DayaMed and Pilleve, 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 |
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Analytics services for enhancing medication adherence are offered.
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Utilizing predictive analytics to improve the quality of prescription medication use.
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Medication adherence platform is provided for healthcare professionals and patients.
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Mobile app for medication reminders, tracking, and clinician consultations with insurance coverage.
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Platform for monitoring and screening opioid abuse
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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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On-demand services are booked through an app-based platform.
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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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Frequently Asked Questions about ActualMeds
When was ActualMeds founded?
ActualMeds was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is ActualMeds located?
ActualMeds is headquartered in East Hartford, United States. It is registered at East Hartford, Connecticut, United States.
Is ActualMeds a funded company?
ActualMeds is a funded company, having raised a total of $7.76M across 7 funding rounds to date. The company's 1st funding round was a Series A of $2.43M, raised on Aug 31, 2011.
What does ActualMeds do?
ActualMeds provides medication reconciliation on demand at point of care and to automate the process for the care team. It combines medication information from the electronic health record, Health Information Exchanges, prescription claims databases, and a direct provider-conducted structured interview with the patient, it produces the best possible medication history (BPMH). Information displayed from Provider, Payer and Patient is validated and aligned and ready for reconciliation. The company provides Know My Meds, a Web-based solution that is designed to be used by older adults andor their caregivers to keep an up to date record of their medications, including the prescription drugs, OTC, and supplements they are taking.
Who are the top competitors of ActualMeds?
ActualMeds's top competitors include AllazoHealth, AdhereHealth and RxAnte.
What products or services does ActualMeds offer?
ActualMeds offers InConcert Medication Management Platform, Medication Reconciliation, and Chronic Disease Adherence.
Who are ActualMeds's investors?
ActualMeds has 1 investor. Key investors include Connecticut Innovations.