About Bloom Health
Bloom Health is a Financial Services company based in Minneapolis (United States) founded in 2009, and was acquired by Empyrean in July 2016. Provider of a platform for employee insurance management. It operates in the Financial Services, Technology, and Healthcare sectors. Bloom Health has raised $20 million across 3 funding rounds from investors including Empyrean, Sandbox Industries and BVF. The company was acqui-hired. Bloom Health offers products and services including Slot Games, Casino Games, and Sports Betting. Its focus areas include FinTech, Employer Insurance, Benefits Administration and InsurTech. Its competitors include Hinge Health, Alight and Accolade; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2009 and based in Minneapolis, United States, Bloom Health operates in the healthcare technology sector. A SaaS platform is offered to employers for budgeting healthcare expenditures and to employees for selecting insurance plans and tracking expenses. Distribution and engagement services for agents partnering with employers are also facilitated through the platform.
- Headquarters Minneapolis, United States
- Stage Acquired
- SectorsFinancial ServicesTechnology Healthcare
- Website gobloomhealth.com
- Social LinkedIn X
- Acquired by Empyrean (Jul 2016)
Products & Services of Bloom Health
Bloom Health offers a comprehensive portfolio of products and services, including Slot Games, Casino Games, and Sports Betting.
Digital slots for entertainment and jackpot winnings.
Virtual casino experiences for betting and gaming.
Platform for wagering on sports events virtually.
Funding Insights of Bloom Health
Bloom Health has successfully raised a total of $20M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7.5 million completed in December 2010. 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 $20M
- Total Rounds 3
- Last Round Series B — $7.5M
- First Round $5M
(Jan 2010)
- Investors Count 2
All 3 funding rounds of Bloom Health with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2010 | $7.5M | Series B | – | – | – |
| Nov 2010 | $7.5M | Series B | – | – | |
| Jan 2010 | $5M | Series A | – | Sandbox Industries, BVF | – |
3 investors in total: 3 institutional.
Investors in Bloom Health
Bloom Health has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Empyrean, Sandbox Industries and BVF.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage US venture capital investments are made by Sandbox Industries. | sandboxindustries.com | Chicago, United States | ||
Funding is provided to healthcare startups by corporate-backed BVF. | blueventurefund.com | Chicago, United States | ||
Employee benefits administration and AI-driven recommendations are provided for enterprises. | 2006 | goempyrean.com | Houston, United States |
Investor details for Bloom Health
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.
Timeline of Bloom Health
4 dated milestones of Bloom Health across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Bloom Health is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series B, of $7.5M.
- Exit Acquired by Empyrean.
Competitors of Bloom Health
Bloom Health has 3 listed competitors in our database, 3 of them funded. They include Hinge Health, Alight and Accolade.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| alight.com | 2015 | Lincolnshire, United States | $8.75M | 9,874 | Cloud-based HRMS solutions are offered for enterprise HR management. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | Employee health benefits are facilitated via a cloud-based platform. |
Detailed competitors of Bloom Health
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 Bloom Health
Websites that share an audience with Bloom Health (gobloomhealth.com).
Websites whose visitors overlap most with Bloom Health. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
pleco.com | pleco.com | 100% | #274,351 | – | |
thinkwellpoint.com | thinkwellpoint.com | 56% | – | ||
| bizjournals.com | 53% | 11.3M | #7,079 | View details | |
| prnewswire.com | 38% | 4.8M | #18,225 | View details |
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Bloom Health (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Frequently Asked Questions about Bloom Health
Bloom Health was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Bloom Health is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Bloom Health is a funded company, having raised a total of $20M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jan 2010.
Founded in 2009 and based in Minneapolis, United States, Bloom Health operates in the healthcare technology sector. A SaaS platform is offered to employers for budgeting healthcare expenditures and to employees for selecting insurance plans and tracking expenses. Distribution and engagement services for agents partnering with employers are also facilitated through the platform.
Bloom Health's top competitors include Accolade, Hinge Health and Alight.
Bloom Health offers Slot Games, Casino Games, and Sports Betting.
Bloom Health has 3 investors. Key investors include Empyrean, Sandbox Industries, and BVF.
Yes. Bloom Health was acquired by Empyrean in July 2016.