About Evolent
Evolent is a company based in Arlington (United States) founded in 2010 by Seth Blackley and Frank Williams.. Evolent has raised $100 million across 1 funding round from investors including TPG, Advisory and UPMC Health Plan. The company has 4,500 employees as of December 31, 2024. Evolent offers products and services including Oncology Solution, Cardiology Solution, and Musculoskeletal Solution. Evolent operates in a competitive market with competitors including Aledade, Lumeris, Arcadia, Aetion and Advantum Health, among others.
- Headquarter Arlington, United States
- Employees 4500 as on 31 Dec, 2024
- Founders Seth Blackley, Frank Williams
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Evolent Health, Inc
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Annual Revenue
$2.55 B30.09as on Dec 31, 2024
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Net Profit
$-61.62 M45.49as on Dec 31, 2024
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EBITDA
$125.5 M-18.61as on Dec 31, 2024
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Total Equity Funding
$100 M (USD)
in 1 rounds
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Latest Funding Round
$100 M (USD), Series B
Sep 30, 2013
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Investors
TPG
& 2 more
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Employee Count
4500
as on Dec 31, 2024
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IPO & Listings of Evolent
Evolent is a publicly listed company on the NYSE with ticker symbol EVH in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Evolent
Evolent offers a comprehensive portfolio of products and services, including Oncology Solution, Cardiology Solution, and Musculoskeletal Solution. 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.
Supports access to up-to-date treatment pathways for patients.
Ensures alignment with treatment and testing guidelines.
Increases high-value procedures in appropriate settings.
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Leadership Team
83 people
Product Management Team
45 people
Operations Team
37 people
Finance and Accounting
27 people
Software Development Team
24 people
Legal and Compliance
18 people
Senior Team
11 people
Board Team
7 people
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Funding Insights of Evolent
Evolent has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Series B round of $100 million completed in September 2013. 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 — $100.0M
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First Round
First Round
(30 Sep 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2013 | Amount | Series B - Evolent | Valuation | Advisory , UPMC Health Plan |
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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 Evolent
Evolent has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include TPG, Advisory and UPMC Health Plan. 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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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Analytics platforms and consulting services for business intelligence are offered.
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Founded Year | Domain | Location | |
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Delivers comprehensive healthcare insurance services.
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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 Evolent
| 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 - Evolent
| 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 |
Evolent Comparisons
Competitors of Evolent
Evolent 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 Aledade, Lumeris, Arcadia, Aetion and Advantum Health, 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 |
Primary care physician platform for patient care delivery is provided.
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| domain | founded_year | HQ Location |
Lumeris offers population management and accountable care solutions
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| domain | founded_year | HQ Location |
AI-based healthcare data analytics platform is provided for organizations.
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| domain | founded_year | HQ Location |
Provides payer/provider, biopharma and medical device customers with a platform to allow them to gain insights into the clinical and financial status of a population
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| domain | founded_year | HQ Location |
Healthcare providers are supported in shifting to value-based care models.
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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 Evolent
Frequently Asked Questions about Evolent
When was Evolent founded?
Evolent was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Evolent located?
Evolent is headquartered in Arlington, United States. It is registered at Arlington, Virginia, United States.
Who is the current CEO of Evolent?
Seth Blackley is the current CEO of Evolent. They have also founded this company.
Is Evolent a funded company?
Evolent is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Series B of $100M, raised on Sep 30, 2013.
How many employees does Evolent have?
As of Dec 31, 2024, the latest employee count at Evolent is 4,500.
What is the annual revenue of Evolent?
Annual revenue of Evolent is $2.55B as on Dec 31, 2024.
What does Evolent do?
Evolent was founded in 2010 and is headquartered in Arlington, United States. Operations center on the healthcare sector, where intelligent solutions are provided for managing complex conditions. Partnerships with health plans and physicians are established to support healthcare transformation. Better outcomes are targeted for individuals facing intricate health needs, with services encompassing advisory and technology integrations across the U.S.
Who are the top competitors of Evolent?
What products or services does Evolent offer?
Evolent offers Oncology Solution, Cardiology Solution, and Musculoskeletal Solution.
Is Evolent publicly traded?
Yes, Evolent is publicly traded on NYSE under the ticker symbol EVH.
Who are Evolent's investors?
Evolent has 3 investors. Key investors include TPG, Advisory, and UPMC Health Plan.
What is Evolent's ticker symbol?
The ticker symbol of Evolent is EVH on NYSE.
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