About Benovate
Benovate is a company based in Minneapolis (United States) founded in 2010 was acquired by Wellness Coaches in June 2021.. Benovate offers products and services including Digital Platform, Health Screenings, and AI Risk Mitigation. Benovate operates in a competitive market with competitors including Array Insights, Heads Up Health, HealthVectors, SnapIoT and iNICU, among others.
- Headquarter Minneapolis, United States
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Sectors
Healthcare
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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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Latest Funding Round
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Acquired by
Wellness Coaches
(Jun 22, 2021)
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Products & Services of Benovate
Benovate offers a comprehensive portfolio of products and services, including Digital Platform, Health Screenings, and AI Risk Mitigation. 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.
Platform for personalized health experiences and data analytics services
Services for assessments and preventive health checks
AI-driven tools for identifying and managing health risks
Funding Insights of Benovate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Benovate
Benovate has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Wellness Coaches. 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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Corporate health, wellness, and nutrition services are provided to businesses.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Benovate
| 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 - Benovate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Benovate Comparisons
Competitors of Benovate
Benovate 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 Array Insights, Heads Up Health, HealthVectors, SnapIoT and iNICU, 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 |
Data federation platform is provided for patient-focused organizations.
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Health and fitness data are centralized for personalized wellness recommendations.
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| domain | founded_year | HQ Location |
AI-driven health reports and analytics engine are provided.
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| domain | founded_year | HQ Location |
Middleware platform for application development & clinical trials monitoring
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| domain | founded_year | HQ Location |
Cloud-based workflow automation is delivered for Neonatal ICUs.
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| domain | founded_year | HQ Location |
Developed a mobile service platform, streamlining administration and operational tasks for caretakers
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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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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Benovate
Frequently Asked Questions about Benovate
When was Benovate founded?
Benovate was founded in 2010.
Where is Benovate located?
Benovate is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
What does Benovate do?
Benovate uses a platform utilizes REST API architecture to connect various healthcare and claims services to gather, analyze and act on data. Through Benovate Connect, consumers have access to their health data and healthcare providers through an electronic portal. The consumer will be informed of their health and wellbeing risks via the portal and advised of the most effective and convenient ways to address those risks. Incentives and rewards are used to steer users toward activities and services that will address their unique health risks. The end result is an individualized, proactive approach to improving health and wellbeing. It enables providers proactive risk management by driving health engagement and providing a unified view of population health characteristics, needs, and risks. It also builds a database of true community health metrics incorporating care utilization, care management, care quality, individual wellbeing and more.
Who are the top competitors of Benovate?
Benovate's top competitors include Heads Up Health, HealthVectors and Array Insights.
What products or services does Benovate offer?
Benovate offers Digital Platform, Health Screenings, and AI Risk Mitigation.
Who are Benovate's investors?
Benovate has 1 investor. Key investors include Wellness Coaches.