About Evive
Evive is a company based in Chicago (United States) founded in 2007 by Peter Saravis and Prashant Srivastava was acquired by Bswift in November 2024.. Evive has raised $43 million across 1 funding round from investors including Bswift and Susquehanna Growth Equity. The company has 106 employees as of April 08, 2024. Evive offers products and services including Evive Platform and Analytics Service. Evive operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
- Headquarter Chicago, United States
- Employees 106 as on 08 Apr, 2024
- Founders Peter Saravis, Prashant Srivastava
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Sectors
TechnologyHealthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Evive Software Analytics Private Limited
- Date of Incorporation 08 Oct, 2012
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$4.21 M (USD)21.74as on Mar 31, 2023
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Net Profit
$356.9 K (USD)2.83as on Mar 31, 2023
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EBITDA
$453.06 K (USD)-21.83as on Mar 31, 2023
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Total Equity Funding
$43 M (USD)
in 1 rounds
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Latest Funding Round
$43 M (USD), Series B
Jan 12, 2018
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Investors
Bswift
& 1 more
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Employee Count
106
as on Apr 08, 2024
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Acquired by
Bswift
(Nov 18, 2024)
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Products & Services of Evive
Evive offers a comprehensive portfolio of products and services, including Evive Platform and Analytics Service. 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.
Platform for data-driven benefits personalization and messaging
Provides insights into employee benefits utilization and engagement
Unlock access to complete
Funding Insights of Evive
Evive has successfully raised a total of $43M through 1 strategic funding round. The most recent funding activity was a Series B round of $43 million completed in January 2018. 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 1
- Last Round Series B — $43.0M
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First Round
First Round
(12 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series B - Evive | Valuation | Susquehanna Growth Equity |
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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 Evive
Evive has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Bswift and Susquehanna Growth Equity. 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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Private equity firm
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Founded Year | Domain | Location | |
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Benefits administration solutions with AI-driven guidance are provided for enterprises.
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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 Evive
| 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 - Evive
| 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 |
Evive Comparisons
Competitors of Evive
Evive 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, Practo, Accolade, Sharecare and Spendesk, 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 |
Doctor appointments are booked and healthcare professionals are consulted online.
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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 |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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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 Evive
Frequently Asked Questions about Evive
When was Evive founded?
Evive was founded in 2007 and raised its 1st funding round 11 years after it was founded.
Where is Evive located?
Evive is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Evive?
Prashant Srivastava is the current CEO of Evive. They have also founded this company.
Is Evive a funded company?
Evive is a funded company, having raised a total of $43M across 1 funding round to date. The company's 1st funding round was a Series B of $43M, raised on Jan 12, 2018.
How many employees does Evive have?
As of Apr 08, 2024, the latest employee count at Evive is 106.
What is the annual revenue of Evive?
Annual revenue of Evive is $4.21M as on Mar 31, 2023.
What does Evive do?
Evive was founded in 2007 in Chicago, United States, focusing on the employee benefits sector. Cloud-based platforms are offered to handle health benefits, voluntary benefits, wealth management, retirement benefits, and personalized incentives through products like Impact and Love, which integrate big data analytics and behavioral science. MyEvive functions as a centralized online tool for benefit administration. Paper Evive supplies care reminders and savings options to participants.
Who are the top competitors of Evive?
Evive's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does Evive offer?
Evive offers Evive Platform and Analytics Service.
Who are Evive's investors?
Evive has 2 investors. Key investors include Bswift, and Susquehanna Growth Equity.
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