About Foundation Health
Foundation Health is a company based in San Mateo (United States) founded in 2023 by Umar Afridi.. Foundation Health has raised $26 million across 2 funding rounds from investors including Intermountain Healthcare, Vanderbilt University and Calm/Storm. Foundation Health offers products and services including Digital Pharmacy, Telehealth, Diagnostics, Paige AI, and Pharmacy Dashboard. Foundation Health operates in a competitive market with competitors including Surescripts, Evaro, WonDRx, Bypa-ss and Photon, among others.
- Headquarter San Mateo, United States
- Founders Umar Afridi
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Foundation Health Global Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$26 M (USD)
in 2 rounds
-
Latest Funding Round
$20 M (USD), Series A
Oct 09, 2025
-
Investors
Intermountain Healthcare
& 13 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Foundation Health
Foundation Health offers a comprehensive portfolio of products and services, including Digital Pharmacy, Telehealth, Diagnostics, Paige AI, and Pharmacy Dashboard. 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 automating prescription management and patient communication.
Service for video and async consultations with clinicians nationwide.
System for at-home and in-clinic testing with result integration.
AI for streamlining pharmacy workflows and adherence tracking.
Unified platform for pharmacy operations and patient interactions.
Unlock access to complete
Unlock access to complete
Funding Insights of Foundation Health
Foundation Health has successfully raised a total of $26M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in October 2025. 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 Series A — $20.0M
-
First Round
First Round
(11 Mar 2024)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Series A - Foundation Health | Valuation | Define Ventures | |
| Mar, 2024 | Amount | Seed - Foundation Health | Valuation | Transpose Platform , Tuesday Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Foundation Health
Foundation Health has secured backing from 14 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Intermountain Healthcare, Vanderbilt University and Calm/Storm. 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 |
|---|---|---|---|---|
|
Formation-stage venture capital and platform building are provided to startups.
|
Founded Year | Domain | Location | |
|
Early-stage tech-focused VC firm investing primarily in the US
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Foundation Health
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Foundation Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Foundation Health Comparisons
Competitors of Foundation Health
Foundation Health 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 Surescripts, Evaro, WonDRx, Bypa-ss and Photon, 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 |
Health information exchange and e-prescribing are facilitated for care coordination.
|
|
| domain | founded_year | HQ Location |
AI-powered clinical and drug prescription services are provided.
|
|
| domain | founded_year | HQ Location |
EHR facilitator solutions are provided for healthcare professionals' record management.
|
|
| domain | founded_year | HQ Location |
Healthcare information exchange solutions are provided for clinics and practices.
|
|
| domain | founded_year | HQ Location |
Sheet metal processing services are provided to industrial clients.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Foundation Health
When was Foundation Health founded?
Foundation Health was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Foundation Health located?
Foundation Health is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Who is the current CEO of Foundation Health?
Umar Afridi is the current CEO of Foundation Health. They have also founded this company.
Is Foundation Health a funded company?
Foundation Health is a funded company, having raised a total of $26M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Mar 11, 2024.
What does Foundation Health do?
Foundation Health was founded in 2023 in San Mateo, United States, within the healthcare sector. Virtual health and telehealth platforms are offered to pharmacies and hospitals, focusing on prescription management and dispensing through virtual pharmacy services. API documentation is also provided to support remote healthcare integration. Operations emphasize optimization of telehealth processes for institutional use.
Who are the top competitors of Foundation Health?
Foundation Health's top competitors include Surescripts, Tandem and Evaro.
What products or services does Foundation Health offer?
Foundation Health offers Digital Pharmacy, Telehealth, Diagnostics, Paige AI, and Pharmacy Dashboard.
Who are Foundation Health's investors?
Foundation Health has 14 investors. Key investors include Intermountain Healthcare, Vanderbilt University, Calm/Storm, Garry Tan, and Transpose Platform.