About Amwell
Amwell is a company based in Reston (United States) founded in 2013 was acquired by Amwell in April 2018. It operates as a SaaS (Software-as-a-Service), and HealthTech. Amwell has raised $41.42 million across 7 funding rounds from investors including Amwell, SVB and NewYork-Presbyterian. The company has 73 employees as of December 31, 2017. Amwell has completed 1 acquisition, including CarenaMD. Amwell offers products and services including Amwell Converge™ Platform, Virtual Primary Care, and Automated Care Programs. Amwell operates in a competitive market with competitors including Teladoc Health, eVisit, Truepill, VSee and Bright.md, among others.
- Headquarter Reston, United States
- Employees 73 as on 31 Dec, 2017
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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 American Well Corporation
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Products & Services of Amwell
Amwell offers a comprehensive portfolio of products and services, including Amwell Converge™ Platform, Virtual Primary Care, and Automated Care Programs. 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.
A platform enabling scalable virtual care delivery solutions.
Longitudinal care integrating behavioral and digital health programs.
Digital tools for monitoring and enhancing patient engagement.
Funding Insights of Amwell
Amwell has successfully raised a total of $41.42M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $18.09 million completed in January 2017. 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 B — $18.1M
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First Round
First Round
(19 Aug 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2017 | Amount | Series B - Amwell | Valuation |
investors |
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| Oct, 2016 | Amount | Series A - Amwell | Valuation | Health Quest Capital | |
| Oct, 2016 | Amount | Debt – Venture - Amwell | Valuation |
investors |
| 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 |
Investors in Amwell
Amwell has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Amwell, SVB and NewYork-Presbyterian. 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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Investments are focused on tech and life sciences startups.
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Founded Year | Domain | Location | |
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Private equity firm focused on healthcare and tech-enabled companies
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Early-stage tech-focused VC investment company investing primarily in the US
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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 1 company. Notable acquisitions include CarenaMD. 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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Web and mobile app-based video consultation with the doctor
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2000 |
| 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 |
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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 |
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 Teladoc Health, eVisit, Truepill, VSee and Bright.md, 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 |
SaaS-based robotic telehealth tools are provided for healthcare providers.
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| domain | founded_year | HQ Location |
A virtual care platform is provided for health systems by eVisit.
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| domain | founded_year | HQ Location |
Medicines are ordered and delivered through an API-connected healthcare app.
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| domain | founded_year | HQ Location |
Secure video platforms for telehealth, education, and enterprises are provided.
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| domain | founded_year | HQ Location |
Provider of virtual telehealth and physician assistant for hospitals and patients
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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 Amwell
Frequently Asked Questions about Amwell
When was Amwell founded?
Amwell was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Amwell located?
Amwell is headquartered in Reston, United States. It is registered at Reston, Virginia, United States.
Is Amwell a funded company?
Amwell is a funded company, having raised a total of $41.42M across 7 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Aug 19, 2014.
How many employees does Amwell have?
As of Dec 31, 2017, the latest employee count at Amwell is 73.
What does Amwell do?
Amwell is established as a provider of telehealth and digital care solutions, connecting providers, payers, and innovators to create an ecosystem spanning in-person, virtual, and automated care. Services are offered across various sectors including government and higher education. The Amwell Converge Platform, along with specialty consults and provider network services, is utilized to enable scalable care delivery. Emphasis is placed on improving financial and clinical performance for health systems and payers worldwide.
Who are the top competitors of Amwell?
Amwell's top competitors include eVisit, Truepill and Teladoc Health.
What products or services does Amwell offer?
Amwell offers Amwell Converge™ Platform, Virtual Primary Care, and Automated Care Programs.
How many acquisitions has Amwell made?
Amwell has made 1 acquisition, including CarenaMD.
Who are Amwell's investors?
Amwell has 10 investors. Key investors include Amwell, SVB, NewYork-Presbyterian, NextGen Venture Partners, and Health Quest Capital.
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