About Candid Health
Candid Health is a company based in San Francisco (United States) founded in 2019 by Doug Proctor and Nick Perry.. Candid Health has raised $81.65 million across 3 funding rounds from investors including Oak HC/FT, 8VC and BoxGroup. The company has 82 employees as of December 31, 2024. Candid Health offers products and services including Candid Health Platform, Integrations, and Data and Reporting. Candid Health operates in a competitive market with competitors including Fathom, Nelly, Inbox Health, Nym and GridX, among others.
- Headquarter San Francisco, United States
- Employees 82 as on 31 Dec, 2024
- Founders Doug Proctor, Nick Perry
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Candid Health
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$81.65 M (USD)
in 3 rounds
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Latest Funding Round
$52.5 M (USD), Series C
Feb 12, 2025
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Investors
Oak HC/FT
& 4 more
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Employee Count
82
as on Dec 31, 2024
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Products & Services of Candid Health
Candid Health offers a comprehensive portfolio of products and services, including Candid Health Platform, Integrations, and Data and Reporting. 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.
Automates revenue cycle detection and fixes for healthcare providers.
Enables seamless connections with custom and commercial systems.
Provides real-time reporting for revenue cycle opportunities.
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Funding Insights of Candid Health
Candid Health has successfully raised a total of $81.65M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $52.5 million completed in February 2025. 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 3
- Last Round Series C — $52.5M
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First Round
First Round
(18 Mar 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series C - Candid Health | Valuation | Oak HC/FT |
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| Sep, 2024 | Amount | Series B - Candid Health | Valuation | 8VC | |
| Mar, 2020 | Amount | Seed - Candid Health | Valuation | Y Combinator |
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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 Candid Health
Candid Health has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Oak HC/FT, 8VC and BoxGroup. 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 made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology, life sciences, and related sectors.
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Founded Year | Domain | Location | |
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Investing in early-stage tech companies and ideas.
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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 Candid 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 - Candid 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 |
Candid Health Comparisons
Competitors of Candid Health
Candid 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 Fathom, Nelly, Inbox Health, Nym and GridX, 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 |
AI-based software for medical coding and PHI de-identification is provided.
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| domain | founded_year | HQ Location |
Digital administrative tasks and billing management tools for providers
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| domain | founded_year | HQ Location |
Cloud-based medical billing and payment management solution for healthcare companies
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| domain | founded_year | HQ Location |
Nym is focused on autonomous medical coding solutions for healthcare.
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| domain | founded_year | HQ Location |
Meter billing solutions are delivered through a cloud-based platform.
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| domain | founded_year | HQ Location |
AI and SaaS-based software for healthcare care coordination is developed.
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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 Candid Health
Frequently Asked Questions about Candid Health
When was Candid Health founded?
Candid Health was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Candid Health located?
Candid Health is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Candid Health?
Nick Perry is the current CEO of Candid Health. They have also founded this company.
Is Candid Health a funded company?
Candid Health is a funded company, having raised a total of $81.65M across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Mar 18, 2020.
How many employees does Candid Health have?
As of Dec 31, 2024, the latest employee count at Candid Health is 82.
What does Candid Health do?
Candid Health was founded in 2019 in San Francisco, United States, within the healthcare technology sector. A SaaS and AI platform for medical billing is offered to professionals and organizations. Automated programs handle claim management and insurance billing processes. Real-time submissions to insurers are enabled by the AI technology. Integration with users electronic medical record systems is supported by the software.
Who are the top competitors of Candid Health?
What products or services does Candid Health offer?
Candid Health offers Candid Health Platform, Integrations, and Data and Reporting.
Who are Candid Health's investors?
Candid Health has 5 investors. Key investors include Oak HC/FT, 8VC, BoxGroup, Y Combinator, and First Round Capital.