About Binary Fountain
Binary Fountain is a company based in Mclean (United States) founded in 2014 was acquired by Press Ganey in October 2020.. Binary Fountain has raised $41.62 million across 3 funding rounds from investors including Press Ganey, HLM Venture Partners and Pioneer Venture Partners. The company has 328 employees as of April 08, 2024. Binary Fountain offers products and services including HX Platform and Consulting Services. Binary Fountain operates in a competitive market with competitors including Bivarus, Doctify, Press Ganey, Feedtrail and NarrativeDx, among others.
- Headquarter Mclean, United States
- Employees 328 as on 08 Apr, 2024
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Binary Fountain Solutions India Private Limited
- Date of Incorporation 19 Apr, 2012
- Jurisdiction Trivandrum, Kerala, India
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Annual Revenue
$3.79 M (USD)16.24as on Mar 31, 2023
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Net Profit
$466.66 K (USD)42.47as on Mar 31, 2023
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EBITDA
$889.67 K (USD)26.08as on Mar 31, 2023
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Total Equity Funding
$41.62 M (USD)
in 3 rounds
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Latest Funding Round
$19.92 M (USD), Series A
Jul 11, 2017
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Investors
Press Ganey
& 4 more
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Employee Count
328
as on Apr 08, 2024
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Acquired by
Press Ganey
(Oct 13, 2020)
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Products & Services of Binary Fountain
Binary Fountain offers a comprehensive portfolio of products and services, including HX Platform and Consulting Services. 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 analyzing healthcare data and improving patient outcomes.
Expert services for healthcare safety and employee engagement solutions.
Funding Insights of Binary Fountain
Binary Fountain has successfully raised a total of $41.62M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $19.92 million completed in July 2017. 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 3
- Last Round Series A — $19.9M
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First Round
First Round
(19 Mar 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series A - Binary Fountain | Valuation |
investors |
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| Oct, 2015 | Amount | Series A - Binary Fountain | Valuation | HLM Venture Partners | |
| Mar, 2014 | Amount | Seed - Binary Fountain | Valuation | Pioneer Venture Partners |
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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 Binary Fountain
Binary Fountain has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Press Ganey, HLM Venture Partners and Pioneer Venture 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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VC firm investing in expansion stage tech and life sciences companies in the US
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Founded Year | Domain | Location | |
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Early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Investments are focused on Indian farm and food startups.
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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 Binary Fountain
| 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 - Binary Fountain
| 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 |
Binary Fountain Comparisons
Competitors of Binary Fountain
Binary Fountain 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 Bivarus, Doctify, Press Ganey, Feedtrail and NarrativeDx, 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 |
Patient experience data is captured and analyzed for healthcare organizations.
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| domain | founded_year | HQ Location |
Online platform for dentist teleconsultations and appointments is provided.
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| domain | founded_year | HQ Location |
Software for patient satisfaction surveys is provided to healthcare organizations.
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| domain | founded_year | HQ Location |
Feedback management platform for healthcare professionals
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| domain | founded_year | HQ Location |
Cloud-based platform actionable insights from patient narratives
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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 Binary Fountain
Frequently Asked Questions about Binary Fountain
When was Binary Fountain founded?
Binary Fountain was founded in 2014.
Where is Binary Fountain located?
Binary Fountain is headquartered in Mclean, United States. It is registered at Mclean, Virginia, United States.
Is Binary Fountain a funded company?
Binary Fountain is a funded company, having raised a total of $41.62M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.7M, raised on Mar 19, 2014.
How many employees does Binary Fountain have?
As of Apr 08, 2024, the latest employee count at Binary Fountain is 328.
What is the annual revenue of Binary Fountain?
Annual revenue of Binary Fountain is $3.79M as on Mar 31, 2023.
What does Binary Fountain do?
Binary Fountain was founded in 2014 and is headquartered in McLean, United States. The company operates in the healthcare analytics sector, where patient feedback is managed through the cloud-based Binary Health Analytics platform. Feedback from surveys, social media, and online reviews is mined and analyzed across specific operational categories. Patient engagement is supported via campaigns and publishing features.
Who are the top competitors of Binary Fountain?
Binary Fountain's top competitors include Press Ganey, Feedtrail and Authenticx.
What products or services does Binary Fountain offer?
Binary Fountain offers HX Platform and Consulting Services.
Who are Binary Fountain's investors?
Binary Fountain has 5 investors. Key investors include Press Ganey, HLM Venture Partners, Pioneer Venture Partners, Pioneering Ventures, and Allumia Ventures.
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