About Anthem
Anthem is a company based in Chennai (India) founded in 2018. Anthem has raised $3.14 million across 4 funding rounds from investors including Accion, Elevation Capital and Wrx Investment. The company has 2 employees as of August 31, 2022. Anthem operates in a competitive market with competitors including Vanco Payment Solutions, GrayQuest, zenda, ClassWallet and Jodo, among others.
- Headquarter Chennai, India
- Employees 2 as on 31 Aug, 2022
- Stage Minicorn
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Sectors
Education
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Email
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Phone
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Website
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Social
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Annual Revenue
$23.21 K (USD)200as on Mar 31, 2024
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Net Profit
-$29.64 K (USD)93as on Mar 31, 2024
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EBITDA
-$29.63 K (USD)84as on Mar 31, 2024
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Total Equity Funding
$3.14 M (USD)
in 4 rounds
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Latest Funding Round
$1.07 M (USD), Series A
May 14, 2021
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Investors
Accion
& 19 more
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Employee Count
2
as on Aug 31, 2022
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Funding Insights of Anthem
Anthem has successfully raised a total of $3.14M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.07 million completed in May 2021. 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 4
- Last Round Series A — $1.1M
- First Round First Round
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Anthem | Valuation | Accion | |
| Jun, 2019 | Amount | Seed - Anthem | Valuation | Elevation Capital | |
| Jan, 2019 | Amount | Angel Round - Anthem | Valuation | Michael Yee McCaffrey |
Investors in Anthem
Anthem has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Accion, Elevation Capital and Wrx Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Investments are directed toward edtech sector by venture capital fund.
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Founded Year | Domain | Location | |
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Impact investments are targeted by VilCap Investments venture capital firm.
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Founded Year | Domain | Location |
Investments & Acquisitions by Anthem
Financial Statements - Anthem
Anthem Comparisons
Competitors of Anthem
Anthem 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 Vanco Payment Solutions, GrayQuest, zenda, ClassWallet and Jodo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment gateway solutions are provided for faith-based organizations and nonprofits.
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| domain | founded_year | HQ Location |
SaaS-based fee collection platform for educational institutions is offered.
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| domain | founded_year | HQ Location |
Provider of app-based pay-now and pay-later solutions for students
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| domain | founded_year | HQ Location |
SaaS-driven digital wallet solutions are provided for schools.
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| domain | founded_year | HQ Location |
Automated fee management platform for educational institutions is provided.
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| domain | founded_year | HQ Location |
School financial management is enabled via a digital platform.
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Latest news on Anthem
Frequently Asked Questions about Anthem
Anthem was founded in 2018.
Anthem is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Anthem is a funded company, having raised a total of $3.14M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $369.36K, raised on May 23, 2018.
As of Aug 31, 2022, the latest employee count at Anthem is 2.
Annual revenue of Anthem is $23.21K as on Mar 31, 2024.
Anthem was founded in 2018 in Chennai, India, within the fintech sector. A mobile and SaaS-based platform is operated to handle financial management tasks. Services encompass fee collection, revenue management, payment gateways, and AI-generated reports. The associated mobile application is accessible on Android and iOS devices, supporting operations primarily in India.
Anthem's top competitors include Vanco Payment Solutions, GrayQuest and ClassWallet.
Anthem has 20 investors. Key investors include Accion, Elevation Capital, Wrx Investment, Mark And Mina Daniels Investment Trust, and Mp And Lm Cushway Atf Mark And Leigh Cushway Superannution Fund.
The valuation of Anthem is $7.99M as of May 2021.