About CoverSelf
CoverSelf is a company based in San Francisco (United States) founded in 2020 by Rajasekhar Maddireddy and S Raghavendra Pawar.. CoverSelf has raised $8.95 million across 4 funding rounds from investors including 3one4 Capital, Beenext and Z21 Ventures. The company has 1 employees as of March 28, 2024. CoverSelf offers products and services including Payment Integrity Platform and Revenue Integrity Platform. CoverSelf operates in a competitive market with competitors including Greenphire, Cedar, Zelis Healthcare, PayZen and Alegeus, among others.
- Headquarter San Francisco, United States
- Employees 1 as on 28 Mar, 2024
- Founders Rajasekhar Maddireddy, S Raghavendra Pawar
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Sectors
HealthcareFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Coverself Benefits India Private Limited
- Date of Incorporation 13 Jul, 2020
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.61 (USD)-99.87as on Mar 31, 2022
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Net Profit
$-37.04 K (USD)27.92as on Mar 31, 2022
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EBITDA
$-37.03 K (USD)32.6as on Mar 31, 2022
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Total Equity Funding
$8.95 M (USD)
in 4 rounds
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Latest Funding Round
$3.4 M (USD), Seed
Nov 14, 2023
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Investors
3one4 Capital
& 15 more
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Employee Count
1
as on Mar 28, 2024
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Products & Services of CoverSelf
CoverSelf offers a comprehensive portfolio of products and services, including Payment Integrity Platform and Revenue Integrity Platform. 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.
Manages payment leakage and inaccuracies for payers.
Assists providers in increasing clean claims rates and reducing losses.
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Funding Insights of CoverSelf
CoverSelf has successfully raised a total of $8.95M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $3.4 million completed in November 2023. 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 4
- Last Round Seed — $3.4M
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First Round
First Round
(08 Nov 2020)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Seed - CoverSelf | Valuation | Z21 Ventures | |
| May, 2022 | Amount | Seed - CoverSelf | Valuation | Beenext , 3one4 Capital |
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| Jun, 2021 | Amount | Angel Round - CoverSelf | Valuation | Sadiq Ahamed Shaik |
| 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 CoverSelf
CoverSelf has secured backing from 16 investors, including venture fund and angel investors. Prominent investors backing the company include 3one4 Capital, Beenext and Z21 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 venture capital fund
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage startups by Z21 Ventures.
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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 CoverSelf
| 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 - CoverSelf
| 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 |
Coverself Comparisons
Competitors of CoverSelf
CoverSelf 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 Greenphire, Cedar, Zelis Healthcare, PayZen and Alegeus, 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 |
Clinical payment technology for patient transactions in research is provided.
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
AI medical billing software for healthcare professionals and organizations
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| domain | founded_year | HQ Location |
Healthcare benefits are administered via tax-advantaged account platforms.
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare centers is offered.
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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 Coverself
Frequently Asked Questions about CoverSelf
When was CoverSelf founded?
CoverSelf was founded in 2020.
Where is CoverSelf located?
CoverSelf is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is CoverSelf a funded company?
CoverSelf is a funded company, having raised a total of $8.95M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $47.17K, raised on Nov 08, 2020.
How many employees does CoverSelf have?
As of Mar 28, 2024, the latest employee count at CoverSelf is 1.
What is the annual revenue of CoverSelf?
Annual revenue of CoverSelf is $4.61 as on Mar 31, 2022.
What does CoverSelf do?
Founded in 2020 and based in San Francisco, United States, CoverSelf operates in the healthcare sector. A payment integrity platform is offered to payers and providers, enabling customization to mitigate payment inaccuracies and leakage. Claims accuracy is automated through integrated rules libraries, workflow management, and audit tools. A flexible scripting language supports tailored rules, while operations focus on reducing administrative costs and enhancing revenue cycle management across the U.S. market.
Who are the top competitors of CoverSelf?
CoverSelf's top competitors include Greenphire, Cedar and PayZen.
What products or services does CoverSelf offer?
CoverSelf offers Payment Integrity Platform and Revenue Integrity Platform.
Who are CoverSelf's investors?
CoverSelf has 16 investors. Key investors include 3one4 Capital, Beenext, Z21 Ventures, Sadiq Ahamed Shaik, and Sudarsan Naganath Kumar.
What is CoverSelf's valuation?
The valuation of CoverSelf is $934.82K as of Jun 2021.