About FlexMinder
FlexMinder is a company based in Chicago (United States) founded in 2011 was acquired by Jellyvision in January 2017.. FlexMinder has raised $2.77 million across 4 funding rounds from investors including Techstars, Jellyvision and WRF Capital. The company has 374 employees as of December 31, 2018. FlexMinder operates in a competitive market with competitors including Perfios, ABI Health, Osigu, TriZetto and Anagram, among others.
- Headquarter Chicago, United States
- Employees 374 as on 31 Dec, 2018
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Sectors
HealthcareFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Jellyvision Lab, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.77 M (USD)
in 4 rounds
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Latest Funding Round
$1.2 M (USD), Series A
Mar 25, 2014
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Investors
Techstars
& 4 more
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Employee Count
374
as on Dec 31, 2018
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Acquired by
Jellyvision
(Jan 17, 2017)
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Funding Insights of FlexMinder
FlexMinder has successfully raised a total of $2.77M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.2 million completed in March 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 4
- Last Round Series A — $1.2M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2014 | Amount | Series A - FlexMinder | Valuation | Washington Research Foundation |
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| Dec, 2012 | Amount | Series A - FlexMinder | Valuation | Founders' Co-op , Alliance of Angels |
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| Jan, 2012 | Amount | Seed - FlexMinder | 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 FlexMinder
FlexMinder has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Techstars, Jellyvision and WRF Capital. 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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Early-stage investments are made in Washington-based startups by WRF Capital.
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments are made in the US.
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Founded Year | Domain | Location | |
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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 FlexMinder
| 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 - FlexMinder
| 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 |
Flexminder Comparisons
Competitors of FlexMinder
FlexMinder 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 Perfios, ABI Health, Osigu, TriZetto and Anagram, 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 |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
AI-driven solutions for healthcare operations are provided.
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| domain | founded_year | HQ Location |
Online claims processing is facilitated for the insurance industry.
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| domain | founded_year | HQ Location |
Software solutions for healthcare payers and providers are offered.
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| domain | founded_year | HQ Location |
Anagram is focused on vision insurance billing solutions.
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| domain | founded_year | HQ Location |
Digital medical cost management solution for payors and employers
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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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Frequently Asked Questions about FlexMinder
When was FlexMinder founded?
FlexMinder was founded in 2011.
Where is FlexMinder located?
FlexMinder is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is FlexMinder a funded company?
FlexMinder is a funded company, having raised a total of $2.77M across 4 funding rounds to date. The company's 1st funding round was a Seed of $170K, raised on Nov 01, 2011.
How many employees does FlexMinder have?
As of Dec 31, 2018, the latest employee count at FlexMinder is 374.
What does FlexMinder do?
FlexMinder was founded in 2011 in Chicago, United States, as a SaaS provider in the healthcare sector. Reimbursement processes are automated, including claims submission for Third Party Administrators to minimize manual handling, time, and expenses. Selection for the TechStars incubator program occurred in 2011. Healthcare expenses are monitored, FSA claims are prepared and filed, contribution levels are estimated, and spending recommendations are generated.
Who are the top competitors of FlexMinder?
FlexMinder's top competitors include Perfios, ABI Health and Anagram.
Who are FlexMinder's investors?
FlexMinder has 5 investors. Key investors include Techstars, Jellyvision, WRF Capital, Founders' Co-op, and Alliance of Angels.