About DrChrono
DrChrono is a company based in Orlando (United States) founded in 2009 was acquired by EverCommerce in November 2021. It operates as a SaaS (Software-as-a-Service), and Managed Services. DrChrono has raised $25.05 million across 14 funding rounds from investors including Box, SVB and FundersClub. DrChrono offers products and services including Electronic Health Records, Telehealth, Revenue Cycle Management, Practice Management, and Mobile EHR. DrChrono operates in a competitive market with competitors including Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and Medsphere Systems, among others.
- Headquarter Orlando, United States
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Sectors
Healthcare
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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 Everhealth Solutions Inc. Dba Drchrono
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.05 M (USD)
in 14 rounds
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Latest Funding Round
$12 M (USD), Debt – Venture
Jun 23, 2021
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Investors
Box
& 15 more
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Employee Count
Employee Count
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Acquired by
EverCommerce
(Nov 02, 2021)
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Products & Services of DrChrono
DrChrono offers a comprehensive portfolio of products and services, including Electronic Health Records, Telehealth, Revenue Cycle Management, Practice Management, and Mobile EHR. 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.
Customizable EHR system is provided for medical practices.
Video visits are enabled directly through EHR platform.
Billing and claims management are streamlined for practices.
Scheduling and patient portal are integrated for efficiency.
Mobile access to EHR is offered on Apple devices.
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Sales and Marketing
8 people
Leadership Team
6 people
Account Team
3 people
Senior Team
1 people
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Funding Insights of DrChrono
DrChrono has successfully raised a total of $25.05M across 14 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $12 million completed in June 2021. 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 14
- Last Round Debt – Venture — $12.0M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Debt – Venture - DrChrono | Valuation |
investors |
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| Jan, 2020 | Amount | Debt – Venture - DrChrono | Valuation |
investors |
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| Dec, 2018 | Amount | Debt – Venture - DrChrono | 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 DrChrono
DrChrono has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Box, SVB and FundersClub. 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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ORIX USA is engaged in middle market asset management and lending.
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Founded Year | Domain | Location | |
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Alternative debt financing is offered to early-stage transformative companies.
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Founded Year | Domain | Location | |
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Maxfield Capital is engaged in venture capital investments for technology companies.
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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 DrChrono
| 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 - DrChrono
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Drchrono Comparisons
Competitors of DrChrono
DrChrono 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 Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and Medsphere Systems, 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 |
AI-driven EMR and practice management software is delivered for clinics.
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| domain | founded_year | HQ Location |
Cloud-based EHR system is provided for physicians' practices.
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| domain | founded_year | HQ Location |
Cloud-based oncology management tools are provided for cancer care providers.
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| domain | founded_year | HQ Location |
SaaS-based practice management solution is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
Open-source healthcare software is provided by Medsphere Systems.
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| domain | founded_year | HQ Location |
Cloud-based software for dental practice management is developed.
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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 Drchrono
Frequently Asked Questions about DrChrono
When was DrChrono founded?
DrChrono was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is DrChrono located?
DrChrono is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.
Is DrChrono a funded company?
DrChrono is a funded company, having raised a total of $25.05M across 14 funding rounds to date. The company's 1st funding round was a Debt – Venture of $10M, raised on May 01, 2011.
What does DrChrono do?
A comprehensive EHR system is offered by DrChrono, focusing on healthcare providers across various specialties. Solutions including telehealth, practice management, medical billing, and revenue cycle management are integrated into a single platform. The system is designed to be customizable, supporting over 20 medical specialties with tailored forms and workflows. Mobile access is enabled through apps on iPhone, iPad, and Mac devices, in partnership with Apple. Services are extended to small and large practices, enhancing efficiency and patient engagement in the healthcare sector.
Who are the top competitors of DrChrono?
DrChrono's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
What products or services does DrChrono offer?
DrChrono offers Electronic Health Records, Telehealth, Revenue Cycle Management, Practice Management, and Mobile EHR.
Who are DrChrono's investors?
DrChrono has 16 investors. Key investors include Box, SVB, FundersClub, EverCommerce, and ORIX USA.