About Drexi
Drexi is a company based in Chandler (United States) founded in 2003 was acquired by AMPS in January 2021.. Drexi has raised $5.48 million across 3 funding rounds from investors including AMPS. Drexi operates in a competitive market with competitors including Hinge Health, Accolade, Sharecare, Betterfly and Wellhub, among others.
- Headquarter Chandler, United States
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Sectors
HealthcareTechnology
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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 Simplesaverx Inc.
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $5.0M
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First Round
First Round
(15 Oct 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series A - Drexi | Valuation |
investors |
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| Nov, 2015 | Amount | Seed - Drexi | Valuation |
investors |
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| Oct, 2014 | Amount | Seed - Drexi | Valuation |
investors |
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| 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 Drexi
Drexi has secured backing from 1 investor. Prominent investors backing the company include AMPS. 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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Digital cost management solutions are provided for service providers.
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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 Drexi
| 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 - Drexi
| 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 |
Drexi Comparisons
Competitors of Drexi
Drexi 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 Hinge Health, Accolade, Sharecare, Betterfly and Wellhub, 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 |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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| domain | founded_year | HQ Location |
Cloud-based wellness programs are offered for employee health and productivity.
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| domain | founded_year | HQ Location |
Online platform for employee health benefits
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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 Drexi
Frequently Asked Questions about Drexi
When was Drexi founded?
Drexi was founded in 2003 and raised its 1st funding round 11 years after it was founded.
Where is Drexi located?
Drexi is headquartered in Chandler, United States. It is registered at Chandler, Arizona, United States.
Is Drexi a funded company?
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 15, 2014.
What does Drexi do?
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.
Who are the top competitors of Drexi?
Drexi's top competitors include Accolade, Hinge Health and Wellhub.
Who are Drexi's investors?
Drexi has 1 investor. Key investors include AMPS.