About CarelonRx
CarelonRx is a company based in New York (United States) founded in 2015 was acquired by IngenioRx in July 2020. It operates as a Managed Services. CarelonRx has raised $2.62 million across 2 funding rounds from investors including Runa Capital, Lux Capital and Red Sea Ventures. CarelonRx offers products and services including Pharmacy Benefit Management, Prescription Delivery, and Specialty Condition Management. CarelonRx operates in a competitive market with competitors including Sempre Health and Medhera, among others.
- Headquarter New York, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carelonrx, 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
$2.62 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Runa Capital
& 8 more
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Employee Count
Employee Count
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Acquired by
IngenioRx
(Jul 06, 2020)
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Products & Services of CarelonRx
CarelonRx offers a comprehensive portfolio of products and services, including Pharmacy Benefit Management, Prescription Delivery, and Specialty Condition Management. 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.
Pharmacy benefits are managed to improve health outcomes.
Medications are delivered conveniently through digital-first pharmacy solutions.
Specialty conditions are supported by dedicated pharmacy nurses.
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Funding Insights of CarelonRx
CarelonRx has successfully raised a total of $2.62M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(16 Nov 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Seed - CarelonRx | Valuation |
investors |
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| Nov, 2015 | Amount | Seed - CarelonRx | Valuation | Collab Fund |
| 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 CarelonRx
CarelonRx has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Runa Capital, Lux Capital and Red Sea 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage tech startups are invested in by Runa Capital.
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Founded Year | Domain | Location | |
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Seed and early-stage technology companies are funded by Lux Capital.
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Founded Year | Domain | Location | |
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Venture capital investment firm based out of USA
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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 CarelonRx
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - CarelonRx
| 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 |
Carelonrx Comparisons
Competitors of CarelonRx
CarelonRx 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 Sempre Health and Medhera, 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 |
Usage based health insurance
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| domain | founded_year | HQ Location |
Offers tools for medication adherence and cost management for healthcare payers.
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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 Carelonrx
Frequently Asked Questions about CarelonRx
When was CarelonRx founded?
CarelonRx was founded in 2015.
Where is CarelonRx located?
CarelonRx is headquartered in New York, United States. It is registered at New York, New York, United States.
Is CarelonRx a funded company?
CarelonRx is a funded company, having raised a total of $2.62M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.62M, raised on Nov 16, 2015.
What does CarelonRx do?
CarelonRx is engaged in providing innovative pharmacy benefit management solutions. Services are focused on improving health outcomes, controlling costs, and enhancing member experiences through a clinical-first approach. Solutions are offered in cost management, whole-person connected care, and clinical insights. Specialty drug programs, prescription delivery, and condition management are included in their portfolio. The company operates within the healthcare sector, targeting affordability and value for members, employers, and providers.
Who are the top competitors of CarelonRx?
CarelonRx's top competitors include Sempre Health and Medhera.
What products or services does CarelonRx offer?
CarelonRx offers Pharmacy Benefit Management, Prescription Delivery, and Specialty Condition Management.
Who are CarelonRx's investors?
CarelonRx has 9 investors. Key investors include Runa Capital, Lux Capital, Red Sea Ventures, Montage Ventures, and MESA Ventures.