About Carrot
Carrot is a company based in San Francisco (United States) founded in 2016 by Maxwell Radomsky, Tammy Sun, and Asima Ahmad. It operates as a HealthTech, and Subscription Services. Carrot has raised $102.6 million across 5 funding rounds from investors including SVB, Orbimed and Tiger Global. Carrot offers products and services including Carrot Fertility Benefits, Carrot Rx, Carrot Card, and Sprints Program. Carrot operates in a competitive market with competitors including Progyny, Ovia Health, Cleo, Stork Club and Univfy, among others.
- Headquarter San Francisco, United States
- Founders Maxwell Radomsky, Tammy Sun, Asima Ahmad
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Sectors
TechnologyHealthcare
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Email
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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
$102.6 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
SVB
& 12 more
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Employee Count
Employee Count
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Products & Services of Carrot
Carrot offers a comprehensive portfolio of products and services, including Carrot Fertility Benefits, Carrot Rx, Carrot Card, and Sprints Program. 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.
Fertility care benefits are provided for employers globally.
Fertility medication needs are met through single source.
Secure payment for fertility care is facilitated worldwide.
Metabolic-fertility care is offered through unique program.
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Funding Insights of Carrot
Carrot has successfully raised a total of $102.6M across 5 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 5
- Last Round Last Round
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First Round
First Round
(14 Sep 2017)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series C - Carrot | Valuation | Tiger Global Management | |
| Aug, 2021 | Amount | Debt – Conventional - Carrot | Valuation |
investors |
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| Aug, 2020 | Amount | Series B - Carrot | Valuation | USVP |
| 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 Carrot
Carrot has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Orbimed and Tiger Global. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
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Founded Year | Domain | Location | |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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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 Carrot
| 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 - Carrot
| 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 |
Carrot Comparisons
Competitors of Carrot
Carrot 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 Progyny, Ovia Health, Cleo, Stork Club and Univfy, 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 |
Fertility benefits management is offered via an appointment booking platform.
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| domain | founded_year | HQ Location |
Mobile applications for women's and family health are provided.
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| domain | founded_year | HQ Location |
A global caregiving support platform is offered by Cleo.
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| domain | founded_year | HQ Location |
SaaS based online family benefits platform for self-insured employees and individual
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| domain | founded_year | HQ Location |
Fertility predictions for IVF success are provided via online questionnaires.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Carrot
Frequently Asked Questions about Carrot
When was Carrot founded?
Carrot was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Carrot located?
Carrot is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Carrot?
Tammy Sun is the current CEO of Carrot. They have also founded this company.
Is Carrot a funded company?
Carrot is a funded company, having raised a total of $102.6M across 5 funding rounds to date. The company's 1st funding round was a Series B of $24M, raised on Sep 14, 2017.
What does Carrot do?
Comprehensive fertility care and family-building support are offered by Carrot to millions of members worldwide. Services including egg, sperm, and embryo freezing, assisted reproduction like IVF and IUI, gestational surrogacy, adoption, pregnancy, postpartum care, parenting support, and hormonal health are provided across 170 countries with culturally competent care. Personalized plans are created for individual needs, supported by over 17,000 eligible providers and 247 expert assistance. Better clinical outcomes and cost savings are achieved through alternatives to invasive treatments, with a focus on single embryo transfers to reduce complications. Solutions are tailored for employers, health plans, and consultants to enhance employee satisfaction and retention.
Who are the top competitors of Carrot?
Carrot's top competitors include Ovia Health, Progyny and Cleo.
What products or services does Carrot offer?
Carrot offers Carrot Fertility Benefits, Carrot Rx, Carrot Card, and Sprints Program.
Who are Carrot's investors?
Carrot has 13 investors. Key investors include SVB, Orbimed, Tiger Global, F-Prime Capital, and USVP.