About Centivo
Centivo is a company based in New York (United States) founded in 2017 by Ashok Subramanian and Alan Cohen.. Centivo has raised $224 million across 6 funding rounds from investors including Bessemer Venture Partners, JPMorgan Chase and HarbourVest Partners. The company has 212 employees as of December 31, 2022. Centivo has completed 1 acquisition, including Eden Health. Centivo offers products and services including Health Plan and Virtual Primary Care. Centivo operates in a competitive market with competitors including iMedX, Omega Healthcare, Light Wave Dental, Access Healthcare and MultiPlan, among others.
- Headquarter New York, United States
- Employees 212 as on 31 Dec, 2022
- Founders Ashok Subramanian, Alan Cohen
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Centivo Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$224 M (USD)
in 6 rounds
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Latest Funding Round
$75 M (USD), Series D
Sep 24, 2024
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Investors
Bessemer Venture Partners
& 23 more
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Employee Count
212
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Centivo
Centivo offers a comprehensive portfolio of products and services, including Health Plan and Virtual Primary Care. 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.
Affordable plan with free primary care for self-funded employers.
Integrated virtual practice for convenient, quality healthcare access.
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Leadership Team
18 people
Board Team
6 people
Product Management Team
6 people
Software Development Team
6 people
Finance and Accounting
4 people
Data Analysis and Operations Team
3 people
Human Resources and Administration
3 people
Operations Team
3 people
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Funding Insights of Centivo
Centivo has successfully raised a total of $224M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $75 million completed in September 2024. 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 6
- Last Round Series D — $75.0M
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First Round
First Round
(18 Jul 2018)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Debt – Conventional - Centivo | Valuation |
investors |
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| Sep, 2024 | Amount | Series D - Centivo | Valuation | Cone Health , MemorialCare Innovation Fund | |
| Jul, 2022 | Amount | Series C - Centivo | 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 Centivo
Centivo has secured backing from 24 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, JPMorgan Chase and HarbourVest Partners. 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 & Growth stage life sciences & tech focused VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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Multistage investments are directed toward technology, healthcare, and climate sectors.
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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 Centivo
Centivo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Eden Health. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of medical practice platform for concierge physician and employee
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Centivo
| 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 |
Centivo Comparisons
Competitors of Centivo
Centivo 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 iMedX, Omega Healthcare, Light Wave Dental, Access Healthcare and MultiPlan, 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 |
Revenue cycle management platform is provided to healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare outsourcing services are provided to various sectors.
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| domain | founded_year | HQ Location |
Dental practice brokerage services are provided to facilitate transactions.
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| domain | founded_year | HQ Location |
Provider of revenue cycle management, BPO, IT, and finance and accounting services
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| domain | founded_year | HQ Location |
Medical payment integrity and analytics services are provided by MultiPlan.
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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 Centivo
Frequently Asked Questions about Centivo
When was Centivo founded?
Centivo was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Centivo located?
Centivo is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Centivo?
Ashok Subramanian is the current CEO of Centivo. They have also founded this company.
Is Centivo a funded company?
Centivo is a funded company, having raised a total of $224M across 6 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Jul 18, 2018.
How many employees does Centivo have?
As of Dec 31, 2022, the latest employee count at Centivo is 212.
What does Centivo do?
Centivo was founded in 2017 and is headquartered in New York, United States. Self-funded health plans are offered by the company within the healthcare sector, targeting employers, employees, and their families. Operations focus on plan design that supports zero healthcare trend and enhanced outcomes, achieved through reward systems for members and providers. Services emphasize employer-based coverage across the United States.
Who are the top competitors of Centivo?
Centivo's top competitors include Access Healthcare, Rennova Health and MultiPlan.
What products or services does Centivo offer?
Centivo offers Health Plan and Virtual Primary Care.
How many acquisitions has Centivo made?
Centivo has made 1 acquisition, including Eden Health.
Who are Centivo's investors?
Centivo has 24 investors. Key investors include Bessemer Venture Partners, JPMorgan Chase, HarbourVest Partners, Cone Health, and Trinity Cap.
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