About Avaneer
Avaneer is a Healthcare company based in Chicago (United States) founded in 2019. It operates as a healthcare database solutions are provided by Avaneer to the industry. 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. Its chief executive is Stuart Hanson. Avaneer offers products and services including Avaneer Coverage Direct. Its focus areas include Services for Healthcare Providers, IT Outsourcing and Data Analytics. Its legal entity is HEALTH UTILITY NETWORK, INC. Its competitors include Covera Health, CorEvitas, Socially Determined, Kythera Labs and Third Wave Recovery Systems and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Chicago, United States
- Employees 16
- SectorsHealthcare
- Website avaneerhealth.com
- Social LinkedIn X Facebook
- Legal Name Health Utility Network, Inc
- Total Equity Funding$50M (USD)
in 1 rounds
- Latest Funding Round$50M (USD), Seed
Jan 2022
- InvestorsPNC
& 5 more
- Employee Count16
Products & Services of Avaneer
Avaneer offers a comprehensive portfolio of products and services, including Avaneer Coverage Direct.
Provides real-time insurance coverage verification for healthcare providers.
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 $50M
- Total Rounds 1
- Last Round Seed — $50M
- First Round $50M
(Jan 2022)
- Investors Count 6
All 1 funding rounds of Avaneer with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Health insurance plans are provided by Aetna for diverse needs. | 1853 | aetna.com | Hartford, United States | |
Health insurance and related coverage are provided by Anthem. | 1940 | anthem.com | Indianapolis, United States | |
Healthcare services are provided by a leading academic medical center. | 1921 | clevelandclinic.org | Cleveland, United States | |
Mutual health carrier | 1936 | hcsc.com | Chicago, United States | |
Commercial banking and financing services are provided by PNC. | 1845 | pnc.com | Pittsburgh, United States | |
Health system | 1999 | sentara.com | Suffolk, United States |
Investor details for Avaneer
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Avaneer
10 people are tracked at Avaneer (5 in leadership, 5 in team); the tracked headcount is 16.
| Name | Role | Group |
|---|---|---|
Stuart Hanson | CEO | Leadership |
Kiran Rijhsinghani | CFO | Leadership |
Sarah Eichhorn | Vice President Operations | Leadership |
Elisabeth Cox | VP, Human Resources | Leadership |
Monte Ruder | Senior Vice President, Sales/ CCO | Leadership |
Steven Nellemann | SVP & General Counsel | Team |
Alexander Perry | Senior Business Analyst | Team |
Joe Rostock | CIO | Team |
Sita Kapoor | CIO / CPO | Team |
Kyle Davidson | Manager, Implementations and Integrations | Team |
Complete people profiles for Avaneer
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Avaneer
2 dated milestones of Avaneer across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Avaneer is founded.
- Funding First funding round of $50.0M.
Competitors of Avaneer
Avaneer has 9 listed competitors in our database, 6 of them funded. They include Covera Health, CorEvitas, Socially Determined, Kythera Labs and Third Wave Recovery Systems, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coverahealth.com | 2017 | New York, United States | $82M | – | Data analytics services for healthcare are provided by Covera Health. | |
| corevitas.com | 2013 | Waltham, United States | – | 200 | Market strategy, medical affairs, and data analytics services are provided. | |
| sociallydetermined.com | 2017 | – | $47.54M | – | Provider of consulting services for healthcare companies. | |
| kytheralabs.com | 2019 | Franklin, United States | $20.86M | – | Data management and analytics platforms are supplied for healthcare sectors. | |
| thirdwaverx.com | 2016 | Las Vegas, United States | $139.92M | – | Pharmaceutical rebate analysis and data management services are provided. | |
| hda-institute.com | 2016 | Dedham, United States | $31M | – | Healthcare data analytics services are provided to clients. | |
| forian.com | 2021 | Doylestown, United States | – | 104 | Data analytic services for the healthcare industry are provided. | |
| feelbetter.healthcare | 2018 | Tel Aviv, Israel | $5.9M | – | Provider of clinical intelligence services for healthcare organisations | |
| triyam.com | 2012 | Lexington, United States | – | 169 | Provider of healthcare data management services |
Detailed competitors of Avaneer
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Avaneer
The website of Avaneer (avaneerhealth.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 18% vs previous month
Top companies in Healthcare Provider Support Services
10 companies that operate in the same segment as Avaneer (Healthcare Provider Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Emergency road ambulance services are provided for medical assistance. | 1906 | Copenhagen, Denmark | USD 1.59 B | – | 105 | |
Provider of self funded health plan | 2017 | New York, New York, United States | USD 224 M | – | 212 | |
Emergency medical transportation and ambulance services are provided. | 2016 | Hyderabad, Telangana, India | USD 34.31 M | USD 8.57 M | 1,371 | |
Provider of AI solutions for clinical, operational, and business outcomes | 2005 | Princeton, New Jersey, United States | USD 1.07 B | – | – | |
AMN Healthcare is recognized as a leading healthcare staffing provider. | 1985 | San Diego, California, United States | – | USD 2.73 B | 2,970 | |
Surgical facilities and ancillary services are operated nationwide. | 2004 | Brentwood, United States | – | USD 3.31 B | 15,000 | |
AI-powered software for radiology reporting and follow-up management is developed. | 2018 | Berkeley, California, United States | USD 152.89 M | – | 119 | |
Health insurance platform for individuals | 2019 | Mumbai, Maharashtra, India | USD 13.7 M | USD 10.48 M | 109 | |
Software solutions for laboratory diagnostics are provided to healthcare. | 1989 | West Palm Beach, Florida, United States | USD 8.59 M | USD 18.69 M | – | |
Collective health plans are enabled, sold, and managed in Brazil. | 1997 | Sao Paulo, Brazil | – | USD 261.05 M | 1,560 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Avaneer
Complete news archive for Avaneer
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Avaneer
Avaneer was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Avaneer is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Stuart Hanson is the current CEO of Avaneer.
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 2022.
Avaneer has 16 employees.
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.
Avaneer's top competitors include Covera Health, Socially Determined and Kythera Labs.
Avaneer offers Avaneer Coverage Direct.
Avaneer has 6 investors. Key investors include PNC, Anthem Blue Cross Blue Shield, Health Care Service Corporation, Sentara, and Aetna.
Avaneer operates through Health Utility Network, Inc.