About Foundation Radiology Group
Foundation Radiology Group is a company based in Pittsburgh (United States) founded in 2006 was acquired by RAYUS Radiology in July 2021.. Foundation Radiology Group has raised $17.43 million across 11 funding rounds from investors including Square 1 Bank, RAYUS Radiology and Chrysalis Ventures. The company has 91 employees as of December 31, 2022.
- Headquarter Pittsburgh, United States
- Employees 91 as on 31 Dec, 2022
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.43 M (USD)
in 11 rounds
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Latest Funding Round
$1.6 M (USD), Series A
Sep 14, 2017
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Investors
Square 1 Bank
& 3 more
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Employee Count
91
as on Dec 31, 2022
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Acquired by
RAYUS Radiology
(Jul 23, 2021)
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Funding Insights of Foundation Radiology Group
Foundation Radiology Group has successfully raised a total of $17.43M across 11 strategic funding rounds. The most recent funding activity was a Series A round of $1.6 million completed in September 2017. 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 11
- Last Round Series A — $1.6M
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First Round
First Round
(08 Jul 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series A - Foundation Radiology Group | Valuation |
investors |
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| Dec, 2016 | Amount | Debt – Conventional - Foundation Radiology Group | Valuation |
investors |
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| Jun, 2014 | Amount | Debt – Venture - Foundation Radiology Group | Valuation |
investors |
| 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 Foundation Radiology Group
Foundation Radiology Group has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Square 1 Bank, RAYUS Radiology and Chrysalis Ventures. 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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VC firm making investment in early & growth stage healthcare & tech companies in the US
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture debt, treasury, and cash management services are provided.
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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 Foundation Radiology Group
| 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 - Foundation Radiology Group
| 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 |
Foundation Radiology Group Comparisons
Competitors of Foundation Radiology Group
| 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 Foundation Radiology Group
When was Foundation Radiology Group founded?
Foundation Radiology Group was founded in 2006 and raised its 1st funding round 4 years after it was founded.
Where is Foundation Radiology Group located?
Foundation Radiology Group is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Is Foundation Radiology Group a funded company?
Foundation Radiology Group is a funded company, having raised a total of $17.43M across 11 funding rounds to date. The company's 1st funding round was a Debt – Venture of $2.5M, raised on Jul 08, 2010.
How many employees does Foundation Radiology Group have?
As of Dec 31, 2022, the latest employee count at Foundation Radiology Group is 91.
What does Foundation Radiology Group do?
Radiology solutions are provided by Foundation Radiology Group, founded in 2006 and based in Pittsburgh, United States. Services encompass diagnostic imaging in pediatric, neurology, mammography, musculoskeletal, PETCT, cardiac CT, and interventional radiology. The company, formerly Teleradiology Holdings, has operated as a subsidiary of Virginia Quality Care Partners since November 2012, serving hospitals, physicians, radiology groups, and patients.
Who are Foundation Radiology Group's investors?
Foundation Radiology Group has 4 investors. Key investors include Square 1 Bank, RAYUS Radiology, Chrysalis Ventures, and Health Evolution Partners.