About Arcadia
Arcadia is a company based in Boston (United States) founded in 2002 was acquired by Nordic Capital in July 2025.. Arcadia has raised $72.5 million across 4 funding rounds from investors including Morgan Stanley, General Electric and Vista Equity Partners. Arcadia has completed 3 acquisitions, including CareJourney, Concordant Inc and Usesage. Arcadia operates in a competitive market with competitors including Aledade, Lumeris, Aetion, Evolent and Advantum Health, among others.
- Headquarter Boston, United States
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$72.5 M (USD)
in 4 rounds
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Latest Funding Round
$125 M (USD), Debt – Conventional
Apr 13, 2023
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Investors
Morgan Stanley
& 7 more
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Employee Count
Employee Count
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Investments & Acquisitions
CareJourney
& 2 more
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Acquired by
Nordic Capital
(Jul 02, 2025)
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Software Development Team
20 people
Leadership Team
17 people
Data Analysis and Operations Team
10 people
Product Management Team
8 people
Advisor Team
7 people
Sales and Marketing
5 people
COO Team
1 people
Finance and Accounting
1 people
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Funding Insights of Arcadia
Arcadia has successfully raised a total of $72.5M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $125 million completed in April 2023. 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 Debt – Conventional — $125.0M
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First Round
First Round
(14 Apr 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Debt – Conventional - Arcadia | Valuation |
investors |
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| Jan, 2020 | Amount | Series D - Arcadia | Valuation | Cigna Ventures |
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| Jan, 2017 | Amount | Series B - Arcadia | Valuation | Merck Global Health Innovation Fund , General Electric |
| 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 Arcadia
Arcadia has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Morgan Stanley, General Electric and Vista Equity Partners. 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 directed toward high-growth enterprise software and technology companies.
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Founded Year | Domain | Location | |
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VC firm focused on the healthcare industry
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Founded Year | Domain | Location | |
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Corporate-backed venture capital is focused on the life science sector.
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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 Arcadia
Arcadia has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CareJourney, Concordant Inc and Usesage. 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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Population health analytics platform is delivered for value-based care providers.
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2014 | ||||
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IT infrastructure services are provided to healthcare communities.
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1999 | ||||
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Usesage is associated with the domain usesage.com.
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| 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 - Arcadia
| 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 |
Arcadia Comparisons
Competitors of Arcadia
Arcadia 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 Aledade, Lumeris, Aetion, Evolent and Advantum Health, 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 |
Primary care physician platform for patient care delivery is provided.
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| domain | founded_year | HQ Location |
Lumeris offers population management and accountable care solutions
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| domain | founded_year | HQ Location |
Provides payer/provider, biopharma and medical device customers with a platform to allow them to gain insights into the clinical and financial status of a population
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| domain | founded_year | HQ Location |
Intelligent solutions for complex health conditions are delivered through partnerships.
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| domain | founded_year | HQ Location |
Healthcare providers are supported in shifting to value-based care models.
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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 Arcadia
Frequently Asked Questions about Arcadia
When was Arcadia founded?
Arcadia was founded in 2002 and raised its 1st funding round 13 years after it was founded.
Where is Arcadia located?
Arcadia is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Arcadia a funded company?
Arcadia is a funded company, having raised a total of $72.5M across 4 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Apr 14, 2015.
What does Arcadia do?
Arcadia was founded in 2002 and is headquartered in Boston, United States. The company operates in the healthcare sector, delivering a cloud-based, HIPAA-compliant platform for population health analytics. Healthcare-related data from electronic health records is integrated with enterprise data to enable AI-driven insights. These insights support care team documentation, tasking, and coordination for financial outcomes in value-based care.
Who are the top competitors of Arcadia?
How many acquisitions has Arcadia made?
Arcadia has made 3 acquisitions, including CareJourney, Concordant Inc, and Usesage.
Who are Arcadia's investors?
Arcadia has 8 investors. Key investors include Morgan Stanley, General Electric, Vista Equity Partners, Cigna Ventures, and Merck Global Health Innovation Fund.
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