About CareGain
CareGain is a company based in Plainsboro (United States) founded in 2001 was acquired by Canopy Financial in October 2008. CareGain has raised $6.8 million across 1 funding round from investors including Fiserv, MidAtlantic Fund and Newlight Management. CareGain operates in a competitive market with competitors including Vitraya, UnitedHealthcare, Trover Solutions, Gain Servicing and Red Sky Health, among others.
- Headquarter Plainsboro, United States
- SectorsHealthcare
- Website caregain.com
- Social LinkedIn
- Acquired by Canopy Financial (Oct 2008)
- Total Equity Funding$6.8M (USD)
in 1 rounds
- Latest Funding Round$6.8M (USD), Series B
Jun 2004
- InvestorsFiserv
& 5 more
- Acquired by
Funding Insights of CareGain
CareGain has successfully raised a total of $6.8M through 1 strategic funding round. The most recent funding activity was a Series B round of $6.8 million completed in June 2004. 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 $6.8M
- Total Rounds 1
- Last Round Series B — $6.8M
- First Round $6.8M
(Jun 2004)
- Investors Count 4
All 1 funding rounds of CareGain 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 |
|---|---|---|---|---|---|
| Jun 2004 | $6.8M | Series B | – | – |
6 investors in total: 6 institutional.
Investors in CareGain
CareGain has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Fiserv, MidAtlantic Fund and Newlight Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage US investments in tech and life-sciences sectors are targeted. | – | midatlanticfund.com | New York, United States | |
- | – | nlventures.com | - | |
Early-stage investments in telecom, IT, and e-commerce are targeted. | – | inflectpoint.com | Newark, United States | |
Early-stage venture capital is provided by Activate Venture Partners. | – | activatevp.com | New York, United States | |
Diversified financial solutions for business processing and management are provided. | 1984 | fiserv.com | United States | |
Manages health-related spending accounts for organizations. | 2004 | canopyfi.com | San Francisco, United States |
Investor details for CareGain
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of CareGain
4 dated milestones of CareGain across 7 years, from founding to its latest funding, stage changes and deals.
- Founded CareGain is founded.
- Funding First funding round of $6.8M.
- Exit Acquired by Fiserv.
- Exit Acquired by Canopy Financial.
Competitors of CareGain
CareGain 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 Vitraya, UnitedHealthcare, Trover Solutions, Gain Servicing and Red Sky Health, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vitraya.com | 2019 | Delhi, India | $12.83M | 71 | Automated claims adjudication and settlement are provided for healthcare. | |
| uhcprovider.com | 1977 | Minnetonka, United States | – | – | Claims management software is provided for clinics by UnitedHealthcare. | |
| troversolutions.com | 1988 | Louisville, United States | – | 773 | Provider of cost containment services and payment integrity software for healthcare payers | |
| gainservicing.com | 2010 | Atlanta, United States | – | – | Provider of AI-based reimbursement software for healthcare providers | |
| redskyhealth.com | 2022 | New York, United States | $6.46M | – | AI-powered platform to fix denied health insurance claims | |
| health-lift.com | 2014 | Salt Lake, United States | – | – | Provides solutions for processing workers' compensation and auto no-fault pharmacy claims. | |
| mvarecoup.com | 2017 | Huntersville, United States | – | – | Provides data tools to recover payments for uncompensated motor vehicle accident care claims. | |
| edilive.com | 2003 | Houston, United States | – | – | Provides software solutions for medical billing and support to healthcare providers. | |
| pharmahands.com | 2017 | Bengaluru, India | – | – | Provides billing management solutions for pharmaceutical stores. |
Detailed competitors of CareGain
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Caregain
Complete news archive for CareGain
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to CareGain
10 companies that operate in the same segment as CareGain (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
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 | 233 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | – | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | – | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Frequently Asked Questions about CareGain
CareGain was founded in 2001 and raised its 1st funding round 3 years after it was founded.
CareGain is headquartered in Plainsboro, United States. It is registered at Plainsboro, New Jersey, United States.
CareGain is a funded company, having raised a total of $6.8M across 1 funding round to date. The company's 1st funding round was a Series B of $6.8M, raised on Jun 2004.
Software solutions for consumer-directed healthcare are offered by CareGain, which was founded in 2001 and is based in Plainsboro, United States. The companys Defined Care platform supports health plans and third-party administrators in managing health savings accounts, reimbursement accounts, and flexible spending accounts. Key products encompass an asset management platform for benefits administration, a connection tool linking back-end systems to financial custodians, and an integration service for card transaction processing.
CareGain's top competitors include Vitraya, UnitedHealthcare and Trover Solutions.
CareGain has 6 investors. Key investors include Fiserv, MidAtlantic Fund, Newlight Management, Inflect Point, and Activate Venture Partners.
Yes. CareGain was acquired by Canopy Financial in October 2008.