About Buoy Health
Buoy Health is a company based in Boston (United States) founded in 2014 by Andrew Le.. Buoy Health has raised $86.67 million across 6 funding rounds from investors including Humana, Trustbridge Partners and WR Hambrecht. The company has 13 employees as of December 31, 2023. Buoy Health offers products and services including Buoy Assistant, Health Content, and Symptom Search. Buoy Health operates in a competitive market with competitors including K Health, Ada, Mediktor, Ubie and Visible, among others.
- Headquarter Boston, United States
- Employees 13 as on 31 Dec, 2023
- Founders Andrew Le
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Buoy Health, 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
$86.67 M (USD)
in 6 rounds
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Latest Funding Round
$37.5 M (USD), Series C
Nov 10, 2020
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Investors
Humana
& 8 more
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Employee Count
13
as on Dec 31, 2023
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Products & Services of Buoy Health
Buoy Health offers a comprehensive portfolio of products and services, including Buoy Assistant, Health Content, and Symptom Search. 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.
AI chatbot for symptom analysis and personalized care suggestions.
Articles and guides on symptoms, causes, and treatments.
Tool to input and explore symptoms for health recommendations.
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Funding Insights of Buoy Health
Buoy Health has successfully raised a total of $86.67M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $37.5 million completed in November 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 Funding
- Total Rounds 6
- Last Round Series C — $37.5M
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First Round
First Round
(10 Jul 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series C - Buoy Health | Valuation | Humana , Cigna Ventures | |
| Jan, 2020 | Amount | Series B - Buoy Health | Valuation | Cigna Ventures |
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| Aug, 2019 | Amount | Series B - Buoy Health | Valuation | Bill Hambrecht |
| 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 Buoy Health
Buoy Health has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Humana, Trustbridge Partners and WR Hambrecht. 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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early & growth stage tech and life sciences focused VC firm investing primarily in China and the US
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage tech and offline focused VC firm funding companies in the US
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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 Buoy Health
| 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 - Buoy Health
| 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 |
Buoy Health Comparisons
Competitors of Buoy Health
Buoy Health 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 K Health, Ada, Mediktor, Ubie and Visible, 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 |
Access to clinicians is facilitated by an AI-based healthcare platform.
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| domain | founded_year | HQ Location |
Personalized healthcare is delivered through an AI-driven virtual platform.
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| domain | founded_year | HQ Location |
AI-based triage and pre-diagnosis guidance is provided to patients.
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| domain | founded_year | HQ Location |
AI-assisted tools are used for checking disease symptoms.
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| domain | founded_year | HQ Location |
Visible is focused on activity tracking for chronic illnesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Buoy Health
Frequently Asked Questions about Buoy Health
When was Buoy Health founded?
Buoy Health was founded in 2014.
Where is Buoy Health located?
Buoy Health is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Buoy Health?
Andrew Le is the current CEO of Buoy Health. They have also founded this company.
Is Buoy Health a funded company?
Buoy Health is a funded company, having raised a total of $86.67M across 6 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Jul 10, 2014.
How many employees does Buoy Health have?
As of Dec 31, 2023, the latest employee count at Buoy Health is 13.
What does Buoy Health do?
Buoy Health was established in 2014 in Boston, United States, as a digital health company focused on AI-driven symptom assessment. Users input personal details, symptoms, and medical history through the platform, which analyzes the data to suggest probable diagnoses. Operations center on providing accessible self-diagnostic tools via the website buoyhealth.com, led by co-founder and CEO Andrew Le. The service operates within the healthcare technology sector, emphasizing data-informed health guidance.
Who are the top competitors of Buoy Health?
What products or services does Buoy Health offer?
Buoy Health offers Buoy Assistant, Health Content, and Symptom Search.
Who are Buoy Health's investors?
Buoy Health has 9 investors. Key investors include Humana, Trustbridge Partners, WR Hambrecht, Optum Ventures, and Cigna Ventures.