About Basys
Basys is a company based in Baltimore (United States) founded in 1977 was acquired by BPOC in January 2022.. Basys has raised $742.19 thousand across 2 funding rounds from investors including BPOC and Fivearrows. Basys offers products and services including Web Portals, Cloud Hosting, and Benefit Essentials. Basys operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
- Headquarter Baltimore, United States
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Sectors
TechnologyHealthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Basys Inc.
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Products & Services of Basys
Basys offers a comprehensive portfolio of products and services, including Web Portals, Cloud Hosting, and Benefit Essentials. 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.
Secure platforms for managing member benefits and self-service access
Reliable hosting for benefits administration systems and data security
Tools for automating and streamlining multiemployer fund operations
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Funding Insights of Basys
Basys has successfully raised a total of $742.19K across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $322.19 thousand completed in September 2014. 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 2
- Last Round Unspecified — $322,188
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First Round
First Round
(28 Oct 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Unspecified - Basys | Valuation |
investors |
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| Oct, 2011 | Amount | Unspecified - Basys | Valuation |
investors |
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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 Basys
Basys has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include BPOC and Fivearrows. 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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Buyouts are targeted by BPOC, a private equity firm.
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Founded Year | Domain | Location | |
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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 Basys
| 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 - Basys
| 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 |
Basys Comparisons
Competitors of Basys
Basys 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 Hinge Health, Practo, Accolade, Sharecare and Spendesk, 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 |
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| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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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 Basys
Frequently Asked Questions about Basys
When was Basys founded?
Basys was founded in 1977 and raised its 1st funding round 34 years after it was founded.
Where is Basys located?
Basys is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Is Basys a funded company?
Basys is a funded company, having raised a total of $742.19K across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $420K, raised on Oct 28, 2011.
What does Basys do?
Basys was founded in 1977 in Baltimore, United States, within the employee benefits software sector. A web-based platform is provided for employers to handle health-administered plans and for third-party insurance administrators to oversee health, welfare, and retirement benefits. Self-service options are available for customers to process benefit modifications and fulfill reporting needs. The company operates on a premium-based revenue model.
Who are the top competitors of Basys?
Basys's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does Basys offer?
Basys offers Web Portals, Cloud Hosting, and Benefit Essentials.
Who are Basys's investors?
Basys has 2 investors. Key investors include BPOC, and Fivearrows.
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