About CareTRx
CareTRx is a company based in Cambridge (United States) founded in 2012 was acquired by Teva Pharmaceuticals in September 2015.. CareTRx has raised $50 thousand across 1 funding round from investors including Teva Pharmaceuticals and Blue Cross Blue Shield of Massachusetts. CareTRx operates in a competitive market with competitors including GoFire, RX Cap, InHandPlus, YOURmeds and Clarest Health, among others.
- Headquarter Cambridge, United States
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Sectors
HealthcareTechnology
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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
$50 K (USD)
in 1 rounds
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Latest Funding Round
$50 K (USD), Seed
Aug 15, 2012
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Investors
Teva Pharmaceuticals
& 1 more
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Employee Count
Employee Count
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Acquired by
Teva Pharmaceuticals
(Sep 25, 2015)
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Funding Insights of CareTRx
CareTRx has successfully raised a total of $50K through 1 strategic funding round. The most recent funding activity was a Seed round of $50 thousand completed in August 2012. 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 Seed — $50,000
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First Round
First Round
(15 Aug 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2012 | Amount | Seed - CareTRx | 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 CareTRx
CareTRx has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Teva Pharmaceuticals and Blue Cross Blue Shield of Massachusetts. 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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Health insurance coverage is provided to Massachusetts residents and groups.
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Founded Year | Domain | Location | |
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Generic pharmaceuticals are manufactured by Teva Pharmaceuticals.
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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 CareTRx
| 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.
|
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.
|
2016 |
Financial Statements - CareTRx
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Caretrx Comparisons
Competitors of CareTRx
CareTRx 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 GoFire, RX Cap, InHandPlus, YOURmeds and Clarest 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 |
Smart vaporizer for delivery of essential oils for alternative medicine therapy
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| domain | founded_year | HQ Location |
Smart devices and mobile app for medication adherence are provided.
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| domain | founded_year | HQ Location |
Provider of AI-based smartwatch and app for medication management
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| domain | founded_year | HQ Location |
Provider of smart devices for medication management system
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| domain | founded_year | HQ Location |
Offers medication management services for patients, caregivers, and healthcare facilities.
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| domain | founded_year | HQ Location |
Medication management and adherence tools are provided for users.
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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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Frequently Asked Questions about CareTRx
When was CareTRx founded?
CareTRx was founded in 2012.
Where is CareTRx located?
CareTRx is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is CareTRx a funded company?
CareTRx is a funded company, having raised a total of $50K across 1 funding round to date. The company's 1st funding round was a Seed of $50K, raised on Aug 15, 2012.
What does CareTRx do?
CareTRx was founded in 2012 in Cambridge, United States, within the health technology sector. A sensor is attached to existing inhalers to monitor medication adherence, while a mobile app delivers reminders and analytical insights for asthma patients. Disease awareness is enhanced through integrated tools, including the AirQuest app, which employs gamification to encourage consistent inhaler use and track health patterns across operations.
Who are the top competitors of CareTRx?
Who are CareTRx's investors?
CareTRx has 2 investors. Key investors include Teva Pharmaceuticals, and Blue Cross Blue Shield of Massachusetts.
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