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
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.8 M (USD)
in 1 rounds
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Latest Funding Round
$6.8 M (USD), Series B
Jun 10, 2004
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Investors
Fiserv
& 5 more
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Employee Count
Employee Count
- Acquired by
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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 Total Funding
- Total Rounds 1
- Last Round Series B — $6.8M
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First Round
First Round
(10 Jun 2004)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2004 | Amount | Series B - CareGain | Valuation |
investors |
| 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 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. 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-stage US investments in tech and life-sciences sectors are targeted.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage investments in telecom, IT, and e-commerce are targeted.
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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 CareGain
| 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 - CareGain
| 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 |
Caregain Comparisons
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. 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 |
Automated claims adjudication and settlement are provided for healthcare.
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| domain | founded_year | HQ Location |
Claims management software is provided for clinics by UnitedHealthcare.
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| domain | founded_year | HQ Location |
Provider of cost containment services and payment integrity software for healthcare payers
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| domain | founded_year | HQ Location |
Provider of AI-based reimbursement software for healthcare providers
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| domain | founded_year | HQ Location |
AI-powered platform to fix denied health insurance claims
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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 Caregain
Frequently Asked Questions about CareGain
When was CareGain founded?
CareGain was founded in 2001 and raised its 1st funding round 3 years after it was founded.
Where is CareGain located?
CareGain is headquartered in Plainsboro, United States. It is registered at Plainsboro, New Jersey, United States.
Is CareGain a funded company?
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 10, 2004.
What does CareGain do?
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.
Who are the top competitors of CareGain?
CareGain's top competitors include Vitraya, UnitedHealthcare and Trover Solutions.
Who are CareGain's investors?
CareGain has 6 investors. Key investors include Fiserv, MidAtlantic Fund, Newlight Management, Inflect Point, and Activate Venture Partners.