Bright.md

Portland, United States Founded: 2014 • Age: 12 yrs Acquired By 98point6
Provider of virtual telehealth and physician assistant for hospitals and patients
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About Bright.md

Bright.md is a company based in Portland (United States) founded in 2014 by Ray Costantini was acquired by 98point6 in January 2024.. 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 as of December 31, 2020. Bright.md operates in a competitive market with competitors including Amwell, Ro, MD Live, HealthTap and K Health, among others.

  • Headquarter Portland, United States
  • Employees 59 as on 31 Dec, 2020
  • Founders Ray Costantini
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Bright.Md Inc.
Operational Areas
Healthcare → Health Technology & Digital Health
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $30.06 M (USD)

    in 6 rounds

  • Latest Funding Round
    $16.73 M (USD), Series C

    May 26, 2020

  • Investors
    Philips

    & 10 more

  • Employee Count
    59

    as on Dec 31, 2020

  • Acquired by
    98point6

    (Jan 16, 2024)

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People of Bright.md
Headcount 50-200
Employee Profiles 4
Board Members and Advisors 1
Employee Profiles
People
James Siuty
Senior Implementation Manager
People
Mark Swinth
Co-Founder & Chief Strategy Officer
People
Gypsy Burks
IT Security & Compliance Engineer

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Board Members and Advisors
people
Ray Costantini
Co-Founder

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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
  • Total Rounds 6
  • Last Round Series C — $16.7M
  • First Round

    (19 Feb 2014)

  • Investors Count 10
Date Amount Transaction Name Valuation Lead Investors Investors
May, 2020 Amount Series C - Bright.md Valuation Seven Peaks Ventures , Concord Health Partners
Aug, 2017 Amount Series B - Bright.md Valuation B Capital
Jun, 2017 Amount Series B - Bright.md Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

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. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
US early-stage startups are invested in by Seven Peaks Ventures.
Founded Year Domain Location
Invests in healthcare IT and services to advance patient care and efficiency.
Founded Year Domain Location
UnityPoint Health is recognized for providing comprehensive healthcare services.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Bright.md

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Bright.md

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Bright.Md Comparisons

Employees
+
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Competitors of Bright.md

Bright.md 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 Amwell, Ro, MD Live, HealthTap and K Health, 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
Telehealth solutions are provided for doctors and patients' consultations.
domain founded_year HQ Location
Digital health services for men's wellness are offered by Ro.
domain founded_year HQ Location
Cloud-based telemedicine consultations are offered 24/7 to patients nationwide.
domain founded_year HQ Location
Tech-enabled Q&A and video consultation platform for patients and doctors
domain founded_year HQ Location
Access to clinicians is facilitated by an AI-based healthcare platform.
domain founded_year HQ Location
Primary healthcare is delivered through telemedicine services.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Bright.Md

Frequently Asked Questions about Bright.md

When was Bright.md founded?

Bright.md was founded in 2014.

Where is Bright.md located?

Bright.md is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.

Is Bright.md a funded company?

Bright.md is a funded company, having raised a total of $30.06M across 6 funding rounds to date.

How many employees does Bright.md have?

As of Dec 31, 2020, the latest employee count at Bright.md is 59.

What does Bright.md do?

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.

Who are the top competitors of Bright.md?

Bright.md's top competitors include Amwell, Ro and MD Live.

Who are Bright.md's investors?

Bright.md has 11 investors. Key investors include Philips, 98point6, Seven Peaks Ventures, CHP Merger Corp, and UnityPoint Health.

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