About CoverSelf
CoverSelf is a Healthcare company based in San Francisco (United States) founded in 2020 by Rajasekhar Maddireddy and S Raghavendra Pawar. Healthcare payment integrity platform provided for payers and providers. It operates in the Healthcare and Financial Services sectors. CoverSelf has raised $8.95 million across 5 funding rounds from investors including 3one4 Capital, Beenext and Z21 Ventures. The company has 1 employees. CoverSelf was last valued at $934.82 thousand in June 2021. CoverSelf offers products and services including Payment Integrity Platform and Revenue Integrity Platform. Its focus areas include FinTech, Payments, Business Payments and Industry Specific. Its legal entity in India is Coverself Benefits India Private Limited (U72100KA2020PTC135882). Its competitors include Greenphire, Cedar and Zelis Healthcare; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Employees 1
- Founders Rajasekhar Maddireddy, S Raghavendra Pawar
- SectorsHealthcareFinancial Services
- Email••••••••
- Phone•••• ••••
- Website coverself.com
- Social LinkedIn
- Legal Name Coverself Benefits India Private Limited
- Date of Incorporation 13 Jul, 2020
- Jurisdiction Bangalore, Karnataka, India
- Indian entity net loss-₹30.6 Lakh
FY 2022 · -802607% margin
- Indian entity EBITDA-₹30.6 Lakh
FY 2022 · -802428% margin
- Total Equity Funding$8.95M (USD)
in 5 rounds
- Latest Funding Round$3.4M (USD), Seed
Nov 2023
- Investors3one4 Capital
& 15 more
- Employee Count1
Associated legal entities of CoverSelf
CoverSelf is associated with 2 registered companies on The Company Check; the primary company is Coverself Benefits India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Coverself Benefits India Private Limited CIN U72100KA2020PTC135882 | Strike Off | 13 Jul 2020 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details | |
| Coverself Technologies Private Limited CIN U72900KA2021PTC150292 | Active | 04 Aug 2021 | Bangalore, Karnataka | ₹24.9 Cr | 62 | 2 | View details |
Products & Services of CoverSelf
CoverSelf offers a comprehensive portfolio of products and services, including Payment Integrity Platform and Revenue Integrity Platform.
Manages payment leakage and inaccuracies for payers.
Assists providers in increasing clean claims rates and reducing losses.
Funding Insights of CoverSelf
CoverSelf has successfully raised a total of $8.95M across 5 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 $8.95M
- Total Rounds 5
- Last Round Seed — $3.4M
- First Round $51,316
(Nov 2020)
- Investors Count 16
All 5 funding rounds of CoverSelf with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2023 | $3.4M | Seed | – | Z21 Ventures | |
| Jun 2022 | Angel Round | – | – | – | |
| May 2022 | $5.45M | Seed | – | Beenext, 3one4 Capital | – |
| Jun 2021 | $47,173 | Angel Round | $934,815 | Sadiq Ahamed Shaik | |
| Nov 2020 | $51,316 | Angel Round | $889,485 | Vekatesh Ganti, Shreesha Ramdas |
Last known valuation $934,815 (Jun 2021). 16 investors in total: 3 institutional and 13 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Venture capital investments in technology sectors like SaaS and Fintech in India. | 2016 | 3one4capital.com | Bengaluru, India | |
Investments are directed toward early-stage startups by Z21 Ventures. | z21.ventures | San Francisco, United States | ||
SA Sadiq Ahamed Shaik | unknown_fa5310ed7c6a40f38 | |||
SN Sudarsan Naganath Kumar | unknown_6abd03635fd049988 | |||
VG Vekatesh Ganti | unknown_a8ec2047f1ff47689 | |||
SR Shreesha Ramdas | Founder of Strikepay, angel investor in fintech and SaaS startups | unknown_6842a61c4130471c9 | ||
FI Fazilabegum Ismail | unknown_de8534587532476db | |||
KA Kannan Appachi | unknown_bc44b393f6624beba | |||
PD Prasad Deshpande | Angel investor and mentor, focused on Indian startups, ex-corporate leader | unknown_5ec848aefbc341399 |
Investor details for CoverSelf
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Coverself Benefits India Private Limited (CoverSelf)
Coverself Benefits India Private Limited is the primary company behind CoverSelf. The boards of the 2 registered companies of CoverSelf currently have 2 directors; the longest-serving is Rajasekhar Maddireddy Reddy, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajasekhar Maddireddy Reddy DIN 08476231 | Director | 04 Aug 2021 | 5 yrs 2 mo | Coverself Technologies Private Limited, Coverself Benefits India Private Limited |
| Raghavendra Pawar DIN 08745628 | Director | 04 Aug 2021 | 5 yrs 2 mo | Coverself Technologies Private Limited, Coverself Benefits India Private Limited |
People of CoverSelf
20 people are tracked at CoverSelf (6 in leadership, 14 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
S Raghavendra Pawar | Co-Founder | Leadership |
PremKumar Karunakaran | Director & Senior Pricipal Architect | Leadership |
S. Raghavendra Pawar - HCAFA, FAHM, CIRCC, CPC, CPC-P, CHA, LSSGB | Founder | Leadership |
priyadarsh kankipati | Sr Director Of Engineering | Leadership |
Sivakumar Mani, PT | Associate Director | Leadership |
Raghu Penumatsa, CPC, COC | Manager | Team |
Dr.Gokula Ramakrishnan MPT | Manager | Team |
Phani Kothapalli | Senior Member Of Technical Staff | Team |
Dhanusu Varadharaja | Senior Manager - Data Management | Team |
Sharan kumar L V | Senior Lead IT | Team |
Sudalai Kumar | Sr.manager | Team |
Neeraj Bhusare (NB) | Language Engineering | Team |
Dr. N. Venkata Subbarao, BPT, CCS, CPC | Assistant Manager | Team |
Rakesh Kashid - PAHM, COC, CPC | Senior Manager | Team |
Dr.Anand Reddy | Operations Manager | Team |
Anand Kumar Meher | Lead Member of Technical Staff | Team |
girijanandan nucha | Lead Member Of Technical Staff | Team |
Kasi Ramulu Ramanam | Sr. Manager | Team |
G. Nagavardhan Reddy, CPC | Assistant Manager - Payment Integrity - US Healthcare | Team |
Complete people profiles for CoverSelf
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of CoverSelf
Figures of Coverself Benefits India Private Limited, the primary company behind CoverSelf, for FY 2022. Net loss was -₹30.6 Lakh (-802607% margin). EBITDA was -₹30.6 Lakh (-802428% margin).
- -₹30.6 LakhNet loss · -802607% margin
- -₹30.6 LakhEBITDA · -802428% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Coverself Benefits India Private Limited are on its company page.
Detailed financial statements for CoverSelf
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of CoverSelf
3 dated milestones of CoverSelf across 3 years, from founding to its latest funding, stage changes and deals.
- Founded CoverSelf is founded.
- Funding First funding round of $51K.
- Funding Latest funding round, Seed, of $3.4M.
Competitors of CoverSelf
CoverSelf has 3 listed competitors in our database, 2 of them funded. They include Greenphire, Cedar and Zelis Healthcare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greenphire.com | 2007 | King Of Prussia, United States | $5.81M | 259 | Clinical payment technology for patient transactions in research is provided. | |
| cedar.com | 2016 | New York, United States | $351M | Cloud-based payment solutions are provided for healthcare billing and analytics. | ||
| zelis.com | 1995 | Boston, United States | 2,336 | Digital solutions to modernize the healthcare financial experience for payers, providers, and members |
Detailed competitors of CoverSelf
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CoverSelf
The website of CoverSelf (coverself.com) receives about 7.2K visits a month.
- Monthly visits7.2K
▼ 14.4% vs previous month
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as CoverSelf (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Coverself
Complete news archive for CoverSelf
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Frequently Asked Questions about CoverSelf
CoverSelf was founded in 2020.
CoverSelf is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
CoverSelf is a funded company, having raised a total of $8.95M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $51.32K, raised on Nov 2020.
CoverSelf has 1 employees.
Annual revenue of CoverSelf is $4.61 as on Mar 31, 2022.
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.
CoverSelf's top competitors include Greenphire, Cedar and Zelis Healthcare.
CoverSelf offers Payment Integrity Platform and Revenue Integrity Platform.
CoverSelf has 16 investors. Key investors include 3one4 Capital, Beenext, Z21 Ventures, Sadiq Ahamed Shaik, and Sudarsan Naganath Kumar.
The valuation of CoverSelf is $934.82K as of Jun 2021.
CoverSelf is associated with 2 legal entities: Coverself Benefits India Private Limited, Coverself Technologies Private Limited.
The legal entities of CoverSelf currently have 2 directors, including Rajasekhar Maddireddy Reddy, Raghavendra Pawar.