About Alegeus
Alegeus is a company based in Waltham (United States) founded in 1995 was acquired by Vista Equity Partners in August 2018.. The company has 696 employees as of December 31, 2022. Alegeus offers products and services including Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), Lifestyle Spending Accounts (LSAs), COBRA Services, and Medicare Advantage. Alegeus operates in a competitive market with competitors including Change Healthcare, Greenphire, Cedar, HealthEdge and Innovaccer, among others.
- Headquarter Waltham, United States
- Employees 696 as on 31 Dec, 2022
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Sectors
HealthcareFinancial Services
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Phone
*********
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Website
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Social
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- Legal Name Alegeus Technologies India Private Limited
- Date of Incorporation 06 Aug, 2024
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Lightyear Capital
& 2 more
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Employee Count
696
as on Dec 31, 2022
- Acquired by
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Products & Services of Alegeus
Alegeus offers a comprehensive portfolio of products and services, including Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), Lifestyle Spending Accounts (LSAs), COBRA Services, and Medicare Advantage. 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.
Tax-advantaged accounts for individuals to save for medical expenses.
Employer-funded plans to reimburse employee health costs.
Accounts for wellness and lifestyle-related health expenses.
Platform for managing continued health insurance post-employment.
Solutions for enhanced Medicare plans and participant support.
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Funding Insights of Alegeus
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Debt – Conventional - Alegeus | Valuation |
investors |
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| 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 Alegeus
Alegeus has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Lightyear Capital, Constitution Capital Partners and Vista Equity Partners. 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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Private equity firm investing in financial services sector
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Founded Year | Domain | Location | |
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Constitution Capital Partners is engaged in alternative investment management.
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Founded Year | Domain | Location | |
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Investments are directed toward high-growth enterprise software and technology companies.
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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 Alegeus
| 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 - Alegeus
| 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 |
Alegeus Comparisons
Competitors of Alegeus
Alegeus 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 Change Healthcare, Greenphire, Cedar, HealthEdge and Innovaccer, 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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| domain | founded_year | HQ Location |
Cloud-based solutions are delivered for healthcare payers, providers, and patients.
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| domain | founded_year | HQ Location |
Clinical payment technology for patient transactions in research is provided.
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
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| domain | founded_year | HQ Location |
Software solutions for healthcare payers are provided.
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| domain | founded_year | HQ Location |
Provider of an AI-powered cloud platform for healthcare performance improvement
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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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 Alegeus
Frequently Asked Questions about Alegeus
When was Alegeus founded?
Alegeus was founded in 1995 and raised its 1st funding round 22 years after it was founded.
Where is Alegeus located?
Alegeus is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Who is the current CEO of Alegeus?
Leif O'Leary is the current CEO of Alegeus.
How many employees does Alegeus have?
As of Dec 31, 2022, the latest employee count at Alegeus is 696.
What does Alegeus do?
Founded in 1995 and based in Waltham, United States, operations focus on healthcare benefits administration within the financial services sector. A platform is provided for managing accounts such as FSAs, HSAs, HRAs, MERPs, VEBAs, DCAPs, and transit benefits. Services include reimbursement processing, benefits card handling, mobile access, eBill options, and payment systems. An employer portal is offered for plan promotion, participant enrollment, administrative tasks, and insurance exchange integration.
Who are the top competitors of Alegeus?
Alegeus's top competitors include Change Healthcare, HealthEdge and Innovaccer.
What products or services does Alegeus offer?
Alegeus offers Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), Lifestyle Spending Accounts (LSAs), COBRA Services, and Medicare Advantage.
Who are Alegeus's investors?
Alegeus has 3 investors. Key investors include Lightyear Capital, Constitution Capital Partners, and Vista Equity Partners.
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