About Drexi
Drexi is a Healthcare company based in Chandler (United States) founded in 2003, and was acquired by AMPS in January 2021. Virtual wellness assistant tracking prescription for individuals and employees. It operates in the Healthcare and Technology sectors. Drexi has raised $5.48 million across 3 funding rounds from investors including AMPS. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Discount Programs. Its legal entity is SIMPLESAVERX INC. Its competitors include Hinge Health, Accolade and Sharecare; 3 of its 3 listed competitors have raised funding.
Company details
Drexi was established in 2003 in Chandler, United States, within the health technology sector. A virtual wellness assistant is provided to monitor prescription adherence for individuals and employees. User medical data is tracked, and medicine prices are sourced from partnered pharmacies. Services emphasize data management and cost comparison to support wellness routines across the region.
- Headquarters Chandler, United States
- Stage Acquired
- SectorsHealthcareTechnology
- Email••••••••
- Phone•••• ••••
- Website drexi.com/welcome
- Social LinkedIn X
- Acquired by AMPS (Jan 2021)
- Legal Name Simplesaverx Inc.
Funding Insights of Drexi
Drexi has successfully raised a total of $5.48M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in January 2019. 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 $5.48M
- Total Rounds 3
- Last Round Series A — $5M
- First Round $362,500
(Oct 2014)
All 3 funding rounds of Drexi 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 |
|---|---|---|---|---|---|
| Jan 2019 | $5M | Series A | – | – | – |
| Nov 2015 | $120,000 | Seed | – | – | – |
| Oct 2014 | $362,500 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Drexi
Drexi has secured backing from 1 investor. Prominent investors backing the company include AMPS.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital cost management solutions are provided for service providers. | 2000 | amps.com | Peachtree Corners, United States |
Investor details for Drexi
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People of Drexi
3 people are tracked at Drexi (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
David R. Kwasny, R. Ph. | Vice President and Co-Founder | Leadership |
Michael Lamhang | Director of Clinical Pharmacy Operations | Leadership |
Brian Dye | Engineering Manager | Team |
Complete people profiles for Drexi
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Timeline of Drexi
4 dated milestones of Drexi across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Drexi is founded.
- Funding First funding round of $362K.
- Funding Latest funding round, Series A, of $5.0M.
- Exit Acquired by AMPS.
Competitors of Drexi
Drexi has 3 listed competitors in our database, 3 of them funded. They include Hinge Health, Accolade and Sharecare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | Employee health benefits are facilitated via a cloud-based platform. | ||
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. |
Detailed competitors of Drexi
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Web traffic of Drexi
The website of Drexi (drexi.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 32.5% vs previous month
Top companies in Health Monitoring & Wearables
3 companies that operate in the same segment as Drexi (Health Monitoring & Wearables) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,894 | |
Wearable glucose monitoring patches are provided for real-time data tracking. | 1999 | San Diego, California, United States | USD 52.5 M | USD 4.66 B | 10,300 | |
Diabetes management is enabled via glucose meters and mobile apps. | 2010 | Palo Alto, California, United States | USD 201 M |
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Related news about Drexi
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Frequently Asked Questions about Drexi
Drexi was founded in 2003 and raised its 1st funding round 11 years after it was founded.
Drexi is headquartered in Chandler, United States. It is registered at Chandler, Arizona, United States.
Drexi is a funded company, having raised a total of $5.48M across 3 funding rounds to date. The company's 1st funding round was a Seed of $362.5K, raised on Oct 2014.
Drexi was established in 2003 in Chandler, United States, within the health technology sector. A virtual wellness assistant is provided to monitor prescription adherence for individuals and employees. User medical data is tracked, and medicine prices are sourced from partnered pharmacies. Services emphasize data management and cost comparison to support wellness routines across the region.
Drexi's top competitors include Accolade, Hinge Health and Sharecare.
Drexi has 1 investor. Key investors include AMPS.
Drexi operates through Simplesaverx Inc..
Yes. Drexi was acquired by AMPS in January 2021.