About Amwell
Amwell is a company based in Boston (United States) founded in 2006 was acquired by Barclays in November 2006.. Amwell has raised $887.35 million across 12 funding rounds from investors including Google, Philips and Barclays. The company has 742 employees as of September 30, 2020. Amwell has completed 4 acquisitions, including Aligned TeleHealth, Amwell and Conversa Health. Amwell offers products and services including Amwell Converge Platform, Automated Care Programs, and Virtual Care Hardware. Amwell operates in a competitive market with competitors including Ro, MD Live, HealthTap, K Health and Plushcare, among others.
- Headquarter Boston, United States
- Employees 742 as on 30 Sep, 2020
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name American Well Corporation
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Annual Revenue
$115.54 M3as on Dec 31, 2024
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Net Profit
$-208.14 M69as on Dec 31, 2024
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EBITDA
$-184.56 M72as on Dec 31, 2024
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Total Equity Funding
$887.35 M (USD)
in 12 rounds
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Latest Funding Round
$100 M (USD), Series C
Aug 24, 2020
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Investors
Google
& 10 more
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Employee Count
742
as on Sep 30, 2020
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Investments & Acquisitions
Aligned TeleHealth
& 3 more
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Acquired by
Barclays
(Nov 14, 2006)
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Products & Services of Amwell
Amwell offers a comprehensive portfolio of products and services, including Amwell Converge Platform, Automated Care Programs, and Virtual Care Hardware. 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.
Integrated system for hybrid healthcare delivery and management
Programs that enhance patient engagement and reduce emergency visits
Hardware supporting remote healthcare consultations and monitoring
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Product Management Team
30 people
Software Development Team
18 people
Leadership Team
14 people
Sales and Marketing
12 people
Legal and Compliance
7 people
Creative and Marketing Team
5 people
Senior Team
3 people
Clinical Team
2 people
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Funding Insights of Amwell
Amwell has successfully raised a total of $887.35M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $100 million completed in August 2020. 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 12
- Last Round Series C — $100.0M
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First Round
First Round
(01 Mar 2007)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series C - Amwell | Valuation |
investors |
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| Mar, 2020 | Amount | Series C - Amwell | Valuation | Takeda , Allianz X |
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| Jul, 2018 | Amount | Series C - Amwell | 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 Amwell
Amwell has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Google, Philips and Barclays. 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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Startups are funded via venture capital by Allianz-backed Allianz X.
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Founded Year | Domain | Location | |
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Investments are focused on tech and life sciences startups.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in early stage companies in Russia and parts of Europe
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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 Amwell
Amwell has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Aligned TeleHealth, Amwell and Conversa Health. 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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Integrated telemedicine solutions combining devices, software, and services are provided.
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2013 | ||||
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Patient-doctor communication and engagement platform is provided.
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2013 | ||||
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Mental health programs are delivered through a cloud-based platform.
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2011 |
| 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 - Amwell
| 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 |
Amwell Comparisons
Competitors of Amwell
Amwell 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 Ro, MD Live, HealthTap, K Health and Plushcare, 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 |
Digital health services for men's wellness are offered by Ro.
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| domain | founded_year | HQ Location |
Cloud-based telemedicine consultations are offered 24/7 to patients nationwide.
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| domain | founded_year | HQ Location |
Tech-enabled Q&A and video consultation platform for patients and doctors
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| domain | founded_year | HQ Location |
Access to clinicians is facilitated by an AI-based healthcare platform.
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| domain | founded_year | HQ Location |
Primary healthcare is delivered through telemedicine services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Amwell
Frequently Asked Questions about Amwell
When was Amwell founded?
Amwell was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Amwell located?
Amwell is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Amwell a funded company?
Amwell is a funded company, having raised a total of $887.35M across 12 funding rounds to date. The company's 1st funding round was a Series C of $75.41M, raised on Mar 01, 2007.
How many employees does Amwell have?
As of Sep 30, 2020, the latest employee count at Amwell is 742.
What is the annual revenue of Amwell?
Annual revenue of Amwell is $115.54M as on Dec 31, 2024.
What does Amwell do?
Amwell was founded in 2006 and is based in Boston, United States. Telehealth platforms are operated to connect patients with doctors for urgent care needs, including online therapy, nutrition counseling, and psychiatry services. Consultations are offered for conditions such as bronchitis, flu, sinus infections, and urinary tract infections. Remote appointments are scheduled by healthcare providers to facilitate patient interactions in the digital health sector.
What products or services does Amwell offer?
Amwell offers Amwell Converge Platform, Automated Care Programs, and Virtual Care Hardware.
How many acquisitions has Amwell made?
Amwell has made 4 acquisitions, including Aligned TeleHealth, Amwell, and Conversa Health.
Who are Amwell's investors?
Amwell has 11 investors. Key investors include Google, Philips, Barclays, Teva Pharmaceuticals, and Anthem Blue Cross Blue Shield.
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