About Avaneer
Avaneer is a company based in Chicago (United States) founded in 2019.. Avaneer has raised $50 million across 1 funding round from investors including PNC, Anthem Blue Cross Blue Shield and Health Care Service Corporation. The company has 16 employees as of December 31, 2021. Avaneer offers products and services including Avaneer Coverage Direct. Avaneer operates in a competitive market with competitors including Covera Health, CorEvitas, Socially Determined, Kythera Labs and Third Wave Recovery Systems, among others.
- Headquarter Chicago, United States
- Employees 16 as on 31 Dec, 2021
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Health Utility Network, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Seed
Jan 13, 2022
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Investors
PNC
& 5 more
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Employee Count
16
as on Dec 31, 2021
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Products & Services of Avaneer
Avaneer offers a comprehensive portfolio of products and services, including Avaneer Coverage Direct. 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.
Provides real-time insurance coverage verification for healthcare providers.
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Funding Insights of Avaneer
Avaneer has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Seed round of $50 million completed in January 2022. 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 1
- Last Round Seed — $50.0M
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First Round
First Round
(13 Jan 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Avaneer | Valuation | Aetna , Anthem |
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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 Avaneer
Avaneer has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include PNC, Anthem Blue Cross Blue Shield and Health Care Service Corporation. 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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Health insurance plans are provided by Aetna for diverse needs.
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Founded Year | Domain | Location | |
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Health insurance and related coverage are provided by Anthem.
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Founded Year | Domain | Location | |
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Healthcare services are provided by a leading academic medical center.
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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 Avaneer
| 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 |
Financial Statements - Avaneer
| 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 |
Avaneer Comparisons
Competitors of Avaneer
Avaneer 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 Covera Health, CorEvitas, Socially Determined, Kythera Labs and Third Wave Recovery Systems, 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 |
Data analytics services for healthcare are provided by Covera Health.
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| domain | founded_year | HQ Location |
Market strategy, medical affairs, and data analytics services are provided.
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| domain | founded_year | HQ Location |
Provider of consulting services for healthcare companies.
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| domain | founded_year | HQ Location |
Data management and analytics platforms are supplied for healthcare sectors.
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| domain | founded_year | HQ Location |
Pharmaceutical rebate analysis and data management services are provided.
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| domain | founded_year | HQ Location |
Healthcare data analytics services are provided to clients.
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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 Avaneer
Frequently Asked Questions about Avaneer
When was Avaneer founded?
Avaneer was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Avaneer located?
Avaneer is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Avaneer?
Stuart Hanson is the current CEO of Avaneer.
Is Avaneer a funded company?
Avaneer is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Seed of $50M, raised on Jan 13, 2022.
How many employees does Avaneer have?
As of Dec 31, 2021, the latest employee count at Avaneer is 16.
What does Avaneer do?
Avaneer was founded in 2019 and is based in Chicago, United States. Database solutions for the healthcare sector are developed and offered by the company, with operations centered on data management and integration. Services address secure handling of health-related information across providers. The role of CEO is filled by Stuart Hanson, overseeing strategic direction.
Who are the top competitors of Avaneer?
Avaneer's top competitors include Covera Health, Socially Determined and Kythera Labs.
What products or services does Avaneer offer?
Avaneer offers Avaneer Coverage Direct.
Who are Avaneer's investors?
Avaneer has 6 investors. Key investors include PNC, Anthem Blue Cross Blue Shield, Health Care Service Corporation, Sentara, and Aetna.