About Amwell
Amwell is a Healthcare company based in Reston (United States) founded in 2013, and was acquired by Amwell in April 2018. Integrated telemedicine solutions combining devices, software, and services are provided. It operates on a SaaS (Software-as-a-Service) and HealthTech model. Amwell has raised $41.42 million across 7 funding rounds from investors including Amwell, SVB and NewYork-Presbyterian. The company has 73 employees. Amwell has completed 1 acquisition, including CarenaMD. The company was acqui-hired. Amwell offers products and services including Amwell Convergeâ„¢ Platform, Virtual Primary Care, and Automated Care Programs. Its focus areas include Digital Health and Telehealth Solutions. Its legal entity is American Well Corporation. Its competitors include Teladoc Health, eVisit and Truepill; 3 of its 3 listed competitors have raised funding.
Company details
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.
Products & Services of Amwell
Amwell offers a comprehensive portfolio of products and services, including Amwell Converge™ Platform, Virtual Primary Care, and Automated Care Programs.
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 $41.42M
- Total Rounds 7
- Last Round Series B — $18.09M
- First Round $1.75M
(Aug 2014)
- Investors Count 9
All 7 funding rounds of Amwell with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | $18.09M | Series B | – | – | – |
| Oct 2016 | $6M | Series A | – | Health Quest Capital | |
| Oct 2016 | $4.5M | Debt – Venture | – | – | |
| Jul 2016 | $11M | Series A | – | Blue Heron Capital | |
| Apr 2015 | $4M | Series A | – | Middleland Capital, Waterline Ventures | – |
| Oct 2014 | $575,725 | Seed | – | – | – |
| Aug 2014 | $1.75M | Seed | – | NextGen Venture Partners |
10 investors in total: 10 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are focused on tech and life sciences startups. | healthquestcapital.com | Belmont, United States | ||
Private equity firm focused on healthcare and tech-enabled companies | blueheroncap.com | Richmond, United States | ||
Early-stage tech-focused VC investment company investing primarily in the US | lavrockvc.com | Mclean, United States | ||
Venture capital investments are directed toward multiple sectors. | 2011 | nextgenvp.com | Baltimore, United States | |
Early-stage tech-focused VC firm investing in geographies such as the US | waterlineventures.com | Cambridge, United States | ||
Venture capital firm focused on tech companies | bluventureinvestors.com | Vienna, United States | ||
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Chain of multispeciality hospitals | 1998 | nyp.org | United States | |
Solutions for due diligence in business processes are provided. | middlelandcap.com | |||
Telehealth solutions are provided for doctors and patients' consultations. | 2006 | amwell.com | Boston, United States |
Investor details for Amwell
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Investments & Acquisitions by Amwell
Amwell has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CarenaMD.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Web and mobile app-based video consultation with the doctor | carenamd.com | Boston, United States | 2000 | Oct 2017 | •••• |
Complete acquisition details for Amwell
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Competitors of Amwell
Amwell has 3 listed competitors in our database, 3 of them funded. They include Teladoc Health, eVisit and Truepill.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intouchhealth.com | 2002 | Santa Barbara, United States | $93.29M | 348 | SaaS-based robotic telehealth tools are provided for healthcare providers. | |
| evisit.com | 2013 | Gilbert, United States | $71.71M | 53 | A virtual care platform is provided for health systems by eVisit. | |
| truepill.com | 2016 | Hayward, United States | $322.12M | Medicines are ordered and delivered through an API-connected healthcare app. |
Detailed competitors of Amwell
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Web traffic of Amwell
The website of Amwell (avizia.com) receives about 6.9K visits a month.
- Monthly visits6.9K
▼ 11.2% vs previous month
Websites whose visitors overlap most with Amwell. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| intouchhealth.com | 100% | 3.2K | #6,760,795 | View details | |
| globalmed.com | 96% | 5.5K | #3,310,859 | View details |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Amwell (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Amwell
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Frequently Asked Questions about Amwell
Amwell was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Amwell is headquartered in Reston, United States. It is registered at Reston, Virginia, United States.
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 Seed of $1.75M, raised on Aug 2014.
Amwell has 73 employees.
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.
Amwell's top competitors include eVisit, Truepill and Teladoc Health.
Amwell offers Amwell Convergeâ„¢ Platform, Virtual Primary Care, and Automated Care Programs.
Amwell has made 1 acquisition, including CarenaMD.
Amwell has 10 investors. Key investors include Amwell, SVB, NewYork-Presbyterian, NextGen Venture Partners, and Health Quest Capital.
Amwell operates through American Well Corporation.
Yes. Amwell was acquired by Amwell in April 2018.