About Figmd
Figmd is a company based in Schaumburg (United States) founded in 2010 was acquired by MRO in June 2021.. Figmd has raised $600.07 thousand across 2 funding rounds from investors including MRO. The company has 553 employees as of April 05, 2024. Figmd offers products and services including Pegasus Quality Platform and PerformancePathway. Figmd operates in a competitive market with competitors including Title21 Health Solutions, ImproveWell, nemedio, Quantros and MDdatacor, among others.
- Headquarter Schaumburg, United States
- Employees 553 as on 05 Apr, 2024
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Figmd (India) Private Limited
- Date of Incorporation 12 Jul, 2016
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$11.94 M (USD)18.24as on Mar 31, 2022
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Net Profit
$527.79 K (USD)39.59as on Mar 31, 2022
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EBITDA
$1.17 M (USD)5.2as on Mar 31, 2022
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Total Equity Funding
$600.07 K (USD)
in 2 rounds
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Latest Funding Round
$499.99 K (USD), Seed
Dec 15, 2014
- Investors
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Employee Count
553
as on Apr 05, 2024
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Acquired by
MRO
(Jun 14, 2021)
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Products & Services of Figmd
Figmd offers a comprehensive portfolio of products and services, including Pegasus Quality Platform and PerformancePathway. 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.
Cloud-based tool for healthcare data analytics and interoperability
System for MIPS and ACO quality measure reporting
Funding Insights of Figmd
Figmd has successfully raised a total of $600.07K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $499.99 thousand completed in December 2014. 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 2
- Last Round Seed — $499,985
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First Round
First Round
(30 Jun 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Seed - Figmd | Valuation |
investors |
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| Jun, 2011 | Amount | Seed - Figmd | 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 Figmd
Figmd has secured backing from 1 investor. Prominent investors backing the company include MRO. 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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Secure PHI exchange solutions are provided for healthcare organizations.
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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 Figmd
| 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 - Figmd
| 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 |
Figmd Comparisons
Competitors of Figmd
Figmd 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 Title21 Health Solutions, ImproveWell, nemedio, Quantros and MDdatacor, 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 |
Quality management solutions are provided for health sciences organizations.
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| domain | founded_year | HQ Location |
Digital platform for quality management and staff communication is provided.
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| domain | founded_year | HQ Location |
Quality management software is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
SaaS data management solutions are offered for healthcare quality improvement.
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| domain | founded_year | HQ Location |
SaaS based quality management solutions for insurers and providers
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| domain | founded_year | HQ Location |
Patient safety software provider
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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 Figmd
Frequently Asked Questions about Figmd
When was Figmd founded?
Figmd was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Figmd located?
Figmd is headquartered in Schaumburg, United States. It is registered at Schaumburg, Illinois, United States.
Is Figmd a funded company?
Figmd is a funded company, having raised a total of $600.07K across 2 funding rounds to date. The company's 1st funding round was a Seed of $100.08K, raised on Jun 30, 2011.
How many employees does Figmd have?
As of Apr 05, 2024, the latest employee count at Figmd is 553.
What is the annual revenue of Figmd?
Annual revenue of Figmd is $11.94M as on Mar 31, 2022.
What does Figmd do?
Figmd was founded in 2010 in Schaumburg, United States, within the healthcare sector. Data collection, measurement, analysis, and reporting solutions are provided to support quality improvement programs. Organizations are enabled to establish measurement initiatives, analyze data, and implement quality improvement efforts linked to physician compensation. These tools facilitate compliance and performance tracking in healthcare settings.
Who are the top competitors of Figmd?
Figmd's top competitors include Title21 Health Solutions, nemedio and MDdatacor.
What products or services does Figmd offer?
Figmd offers Pegasus Quality Platform and PerformancePathway.
Who are Figmd's investors?
Figmd has 1 investor. Key investors include MRO.