About Alere Wellbeing
Alere Wellbeing is a company based in Seattle (United States) founded in 2003 was acquired by Optum in January 2015.. Alere Wellbeing has raised $10 million across 3 funding rounds from investors including Optum, Alere and HHS. Alere Wellbeing offers products and services including Cricket Betting App, Online Casino Platform, and Jackpot Gaming Service. Alere Wellbeing operates in a competitive market with competitors including Cult.fit, HealthifyMe, Wellhub, Lark Health and Gymlib, among others.
- Headquarter Seattle, United States
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Sectors
TechnologyHealthcare
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Phone
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Website
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Products & Services of Alere Wellbeing
Alere Wellbeing offers a comprehensive portfolio of products and services, including Cricket Betting App, Online Casino Platform, and Jackpot Gaming Service. 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.
App for placing bets on cricket with live streaming and odds
Platform for casino games and virtual reality experiences
Service offering progressive slots and jackpot opportunities for players
Funding Insights of Alere Wellbeing
Alere Wellbeing has successfully raised a total of $10M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $376.88 thousand completed in September 2009. 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 — $376,881
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First Round
First Round
(01 Jun 2005)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2009 | Amount | Grant - Alere Wellbeing | Valuation |
investors |
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| Aug, 2009 | Amount | Grant - Alere Wellbeing | Valuation |
investors |
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| Jun, 2005 | Amount | Series A - Alere Wellbeing | 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 Alere Wellbeing
Alere Wellbeing has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Optum, Alere and HHS. 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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US focused venture capital firm
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Founded Year | Domain | Location | |
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Life science & tech focused VC firm investing in companies in the US
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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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 Alere Wellbeing
| 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 - Alere Wellbeing
| 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 |
Alere Wellbeing Comparisons
Competitors of Alere Wellbeing
Alere Wellbeing 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 Cult.fit, HealthifyMe, Wellhub, Lark Health and Gymlib, 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 |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts
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| domain | founded_year | HQ Location |
AI-powered personalized nutrition and fitness coaching is provided.
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| domain | founded_year | HQ Location |
Cloud-based wellness programs are offered for employee health and productivity.
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| domain | founded_year | HQ Location |
AI-powered platform offering various fitness and wellness services
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| domain | founded_year | HQ Location |
An online pay-as-you-go marketplace for fitness centers is operated.
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| domain | founded_year | HQ Location |
Provider of a digital platform for weight loss management and behavior change
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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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Frequently Asked Questions about Alere Wellbeing
When was Alere Wellbeing founded?
Alere Wellbeing was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Where is Alere Wellbeing located?
Alere Wellbeing is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Alere Wellbeing a funded company?
Alere Wellbeing is a funded company, having raised a total of $10M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jun 01, 2005.
What does Alere Wellbeing do?
Alere Wellbeing offers personalized coaching for employees to build healthy lifestyle behaviors. Brings evidence-based and proven tobacco cessation and weight loss programs for employers. The companys proprietary programs include Quit For Life, for tobacco cessation; Weight Talk, for obesity; and Lifestyle Coaching, a general healthy lifestyle coaching track. Also provides Wellness Services including onlinemobile engagement and support. Claims that current clients include 27 state governments and more than 675 health plans and employers, 76 of which are in the Fortune 500. Has contributed to more than 100 published research studies and maintains a collaborative partnership with the American Cancer Society and an active research program funded by the Centers for Disease Control, American Legacy Foundation, and the National Institutes of Health. The company was formed by acquiring Free Clear in September, 2009. The company was sold to Optum for 600M in January, 2015.
Who are the top competitors of Alere Wellbeing?
Alere Wellbeing's top competitors include Cult.fit, Wellhub and Lark Health.
What products or services does Alere Wellbeing offer?
Alere Wellbeing offers Cricket Betting App, Online Casino Platform, and Jackpot Gaming Service.
Who are Alere Wellbeing's investors?
Alere Wellbeing has 5 investors. Key investors include Optum, Alere, HHS, Polaris Partners, and Three Arch Partners.
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