About Bright.md
Bright.md is a Healthcare company based in Portland (United States) founded in 2014 by Ray Costantini, and was acquired by 98point6 in January 2024. Provider of virtual telehealth and physician assistant for hospitals and patients. Bright.md has raised $30.06 million across 6 funding rounds from investors including Philips, 98point6 and Seven Peaks Ventures. The company has 59 employees. Its focus areas include HealthTech, Healthcare IT, Provider and Telemedicine Solutions. Its legal entity is BRIGHT.MD INC. Its competitors include Amwell, Ro and MD Live; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2014 and based in Portland, United States, Bright.md operates in the telehealth sector. A platform is provided that allows patients to undergo symptom assessments and guided physical exams, with routing to suitable providers based on conditions. Integration with electronic health records is supported, including automated SOAP-format notes, after-visit summaries, prescription orders, and billing processes to streamline administrative tasks.
Funding Insights of Bright.md
Bright.md has successfully raised a total of $30.06M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $16.73 million completed in May 2020. 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 $30.06M
- Total Rounds 6
- Last Round Series C — $16.73M
- First Round $50,000
(Feb 2014)
- Investors Count 10
All 6 funding rounds of Bright.md 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 |
|---|---|---|---|---|---|
| May 2020 | $16.73M | Series C | – | Seven Peaks Ventures, Concord Health Partners | |
| Aug 2017 | $8.78M | Series B | – | B Capital | |
| Jun 2017 | Series B | – | – | ||
| Apr 2015 | $3.5M | Series A | – | Oregon Venture Fund | |
| Oct 2014 | $1M | Seed | – | – | |
| Feb 2014 | $50,000 | Seed | – | – | – |
11 investors in total: 11 institutional.
Investors in Bright.md
Bright.md has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Philips, 98point6 and Seven Peaks Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US early-stage startups are invested in by Seven Peaks Ventures. | sevenpeaksventures.com | Bend, United States | ||
Invests in healthcare IT and services to advance patient care and efficiency. | 2019 | concordhp.com | Summit, United States | |
UnityPoint Health is recognized for providing comprehensive healthcare services. | unitypointhealthventures.org | United States | ||
Multistage investments are directed toward technology, healthcare, and climate sectors. | b.capital | Manhattan Beach, United States | ||
Investments in SaaS, marketplace, and middle market companies are managed. | pritzkergroup.com | Chicago, United States | ||
Startups are accelerated by Stanford-backed program in Palo Alto. | startx.com | Palo Alto, United States | ||
Funding is provided to innovative startups in Oregon. | oregonventurefund.com | United States | ||
US-based startups are accelerated and funded via venture capital support. | portlandseedfund.com | Portland, United States | ||
Diversified products are provided across health, lighting, and consumer sectors. | 1891 | philips.com | Amsterdam, Netherlands | |
| oregon.oh.us |
Investor details for Bright.md
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Bright.md
5 people are tracked at Bright.md (2 in leadership, 3 in team); the tracked headcount is 59.
| Name | Role | Group |
|---|---|---|
Ray Costantini | Co-Founder | Leadership |
Mark Swinth | Co-Founder & Chief Strategy Officer | Leadership |
Devon Peters | Operations | Team |
James Siuty | Senior Implementation Manager | Team |
Gypsy Burks | IT Security & Compliance Engineer | Team |
Complete people profiles for Bright.md
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Timeline of Bright.md
4 dated milestones of Bright.md across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Bright.md is founded.
- Funding First funding round of $50K.
- Funding Latest funding round, Series C, of $16.7M.
- Exit Acquired by 98point6.
Competitors of Bright.md
Bright.md has 3 listed competitors in our database, 3 of them funded. They include Amwell, Ro and MD Live.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| amwell.com | 2006 | Boston, United States | $887.35M | 742 | Telehealth solutions are provided for doctors and patients' consultations. | |
| ro.co | 2017 | New York, United States | $1.03B | 703 | Digital health services for men's wellness are offered by Ro. | |
| mdlive.com | 2009 | Sunrise, United States | $173.6M | 258 | Cloud-based telemedicine consultations are offered 24/7 to patients nationwide. |
Detailed competitors of Bright.md
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Web traffic of Bright.md
Websites that share an audience with Bright.md (bright.md).
Websites whose visitors overlap most with Bright.md. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mobihealthnews.com | 100% | 133.6K | #351,855 | View details |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Bright.md (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Bright.Md
Complete news archive for Bright.md
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Frequently Asked Questions about Bright.md
Bright.md was founded in 2014.
Bright.md is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Bright.md is a funded company, having raised a total of $30.06M across 6 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Feb 2014.
Bright.md has 59 employees.
Founded in 2014 and based in Portland, United States, Bright.md operates in the telehealth sector. A platform is provided that allows patients to undergo symptom assessments and guided physical exams, with routing to suitable providers based on conditions. Integration with electronic health records is supported, including automated SOAP-format notes, after-visit summaries, prescription orders, and billing processes to streamline administrative tasks.
Bright.md has 11 investors. Key investors include Philips, 98point6, Seven Peaks Ventures, CHP Merger Corp, and UnityPoint Health.
Bright.md operates through Bright.Md Inc..
Yes. Bright.md was acquired by 98point6 in January 2024.