About BioIQ
BioIQ is a company based in Santa Barbara (United States) founded in 2005 was acquired by LetsGetChecked in May 2022.. BioIQ has raised $61.57 million across 7 funding rounds from investors including LetsGetChecked, RTI International and Greater Pacific Capital. The company has 119 employees as of December 31, 2022. BioIQ offers products and services including At-Home Testing Kits and Telehealth Services. BioIQ operates in a competitive market with competitors including Color, PWN Health, IdentifySensors, Nao Medical and Welfie, among others.
- Headquarter Santa Barbara, United States
- Employees 119 as on 31 Dec, 2022
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Sectors
TechnologyHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bioiq, 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
$61.57 M (USD)
in 7 rounds
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Latest Funding Round
$14 M (USD), Series D
Nov 22, 2019
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Investors
LetsGetChecked
& 5 more
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Employee Count
119
as on Dec 31, 2022
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Acquired by
LetsGetChecked
(May 03, 2022)
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Products & Services of BioIQ
BioIQ offers a comprehensive portfolio of products and services, including At-Home Testing Kits and Telehealth 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.
Provides home-based kits for health testing and immunizations.
Offers virtual consultations and pharmacy support for users.
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Product Management Team
24 people
Leadership Team
15 people
Software Development Team
14 people
Sales and Marketing
9 people
Data Analysis and Operations Team
7 people
Senior Team
6 people
Head Team
5 people
Finance and Accounting
5 people
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Funding Insights of BioIQ
BioIQ has successfully raised a total of $61.57M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $14 million completed in November 2019. 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 7
- Last Round Series D — $14.0M
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First Round
First Round
(21 Feb 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series D - BioIQ | Valuation | RTI International | |
| Mar, 2018 | Amount | Series D - BioIQ | Valuation | Health Quest Capital | |
| Aug, 2016 | Amount | Series C - BioIQ | 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 BioIQ
BioIQ has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include LetsGetChecked, RTI International and Greater Pacific Capital. 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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Investments are focused on tech and life sciences startups.
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Founded Year | Domain | Location | |
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Healthcare venture capital investments are made by Arboretum Ventures.
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Founded Year | Domain | Location | |
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Investment management firm specializing in Asia, India, and impact investing services.
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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 BioIQ
| 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 - BioIQ
| 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 |
Bioiq Comparisons
Competitors of BioIQ
BioIQ 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 Color, PWN Health, IdentifySensors, Nao Medical and Welfie, 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 |
Cancer care is delivered through a virtual clinic by Color.
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| domain | founded_year | HQ Location |
Population health and clinical genomic screening solutions are provided.
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| domain | founded_year | HQ Location |
Provider of bio-sensors for real-time detection of materials and chemicals harmful to humans
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| domain | founded_year | HQ Location |
Provides an appointment booking platform and patient portal for healthcare providers.
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| domain | founded_year | HQ Location |
Community health platform is provided for families, payers, and governments.
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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 Bioiq
Frequently Asked Questions about BioIQ
When was BioIQ founded?
BioIQ was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is BioIQ located?
BioIQ is headquartered in Santa Barbara, United States. It is registered at Santa Barbara, California, United States.
Is BioIQ a funded company?
BioIQ is a funded company, having raised a total of $61.57M across 7 funding rounds to date. The company's 1st funding round was a Series C of $7.07M, raised on Feb 21, 2008.
How many employees does BioIQ have?
As of Dec 31, 2022, the latest employee count at BioIQ is 119.
What does BioIQ do?
BioIQ was founded in 2005 and is headquartered in Santa Barbara, United States. An online platform is operated in the health technology sector, focusing on employee wellness. Services include health screenings, analytics, telehealth, web portals, and billing integration. An ecosystem of health-improvement tools is maintained, along with a methodology for collecting, managing, and reporting screening data to beneficiaries and organizations.
Who are the top competitors of BioIQ?
BioIQ's top competitors include Color, IdentifySensors and PWN Health.
What products or services does BioIQ offer?
BioIQ offers At-Home Testing Kits and Telehealth Services.
Who are BioIQ's investors?
BioIQ has 6 investors. Key investors include LetsGetChecked, RTI International, Greater Pacific Capital, Health Quest Capital, and Arboretum Ventures.
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