About Alere
Alere is a company based in Waltham (United States) founded in 1991 by Ron Zwanziger was acquired by Abbott in February 2016.. Alere has raised $616.22 million across 26 funding rounds from investors including Abbott, UBS and Merrill Lynch. The company has 7,011 employees as of December 31, 2022. Alere has completed 12 acquisitions, including Alere Wellbeing, Arriva Medical and Biosite. Alere offers products and services including i-STAT, Afinion 2, and Cholestech LDX Analyzer. Alere operates in a competitive market with competitors including Think Research, UpHill, Dawn Health, Pathway and CLEW Medical, among others.
- Headquarter Waltham, United States
- Employees 7011 as on 31 Dec, 2022
- Founders Ron Zwanziger
- Stage Public
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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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- Legal Name Alere 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
$616.22 M (USD)
in 26 rounds
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Latest Funding Round
$425 M (USD), Debt – Conventional
May 28, 2013
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Investors
Abbott
& 13 more
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Employee Count
7011
as on Dec 31, 2022
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Investments & Acquisitions
Alere Wellbeing
& 11 more
- Acquired by
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Products & Services of Alere
Alere offers a comprehensive portfolio of products and services, including i-STAT, Afinion 2, and Cholestech LDX Analyzer. 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.
Portable device for rapid blood and chemistry testing
Analyzer for near-patient biomarker and CRP testing
Tool for quick glucose and lipid testing in five minutes
Funding Insights of Alere
Alere has successfully raised a total of $616.22M across 26 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $425 million completed in May 2013. 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 26
- Last Round Debt – Conventional — $425.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2013 | Amount | Debt – Conventional - Alere | Valuation |
investors |
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| Feb, 2013 | Amount | Debt – Conventional - Alere | Valuation |
investors |
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| Feb, 2013 | Amount | Grant - Alere | 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
Alere has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Abbott, UBS and Merrill Lynch. 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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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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US healthcare companies are invested in stage-agnostically by Cutlass Capital.
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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
Alere has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include Alere Wellbeing, Arriva Medical and Biosite. 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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Golf course access and clubhouse facilities are offered to players.
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2008 | ||||
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Medical applications are developed for healthcare by MedApps.
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2006 | ||||
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Personalized coaching is offered for employee healthy lifestyle behaviors.
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2003 |
| 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 - Alere
| 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 Comparisons
Competitors of Alere
Alere 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 Think Research, UpHill, Dawn Health, Pathway and CLEW Medical, 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 |
Expert clinical content and tools are provided for clinicians.
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| domain | founded_year | HQ Location |
Clinical decision-making tools are developed for healthcare providers.
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| domain | founded_year | HQ Location |
Developer of software as a medical device and digital therapeutics
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| domain | founded_year | HQ Location |
Professional education courses are delivered by Pathway's center in Morocco.
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| domain | founded_year | HQ Location |
AI-powered virtual ICU platform is provided for healthcare providers.
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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 Alere
Frequently Asked Questions about Alere
When was Alere founded?
Alere was founded in 1991 and raised its 1st funding round 9 years after it was founded.
Where is Alere located?
Alere is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Is Alere a funded company?
Alere is a funded company, having raised a total of $616.22M across 26 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $20.6M, raised on Jun 01, 2000.
How many employees does Alere have?
As of Dec 31, 2022, the latest employee count at Alere is 7,011.
What does Alere do?
Founded in 1991 and headquartered in Waltham, United States, Alere operates in the diagnostics sector. Small rapid diagnostic devices are developed for infectious diseases, with additional focus on cardiology, oncology, drugs of abuse, and womens health. Products and services include over-the-counter tests, lab-based diagnostics, and integrated home monitoring solutions, serving various health management needs globally.
Who are the top competitors of Alere?
Alere's top competitors include Dawn Health, Think Research and Apollo Intelligence.
What products or services does Alere offer?
Alere offers i-STAT, Afinion 2, and Cholestech LDX Analyzer.
How many acquisitions has Alere made?
Alere has made 12 acquisitions, including Alere Wellbeing, Arriva Medical, and Biosite.
Who are Alere's investors?
Alere has 14 investors. Key investors include Abbott, UBS, Merrill Lynch, Gates Foundation, and Flagship Pioneering.
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