About Free Market Health
Free Market Health is a company based in Pittsburgh (United States) founded in 2019 by Joe Cardosi.. Free Market Health has raised $33.5 million across 2 funding rounds from investors including Questa Capital, Alta Partners and Highmark Ventures. Free Market Health offers products and services including Referral Platform and Cloud-based Application. Free Market Health operates in a competitive market with competitors including Payspan, MiyaHealth, Rialtic, Enlace Health and Discovery Health Partners, among others.
- Headquarter Pittsburgh, United States
- Founders Joe Cardosi
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Sectors
Healthcare
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Email
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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
$33.5 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series B
Nov 01, 2023
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Investors
Questa Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of Free Market Health
Free Market Health offers a comprehensive portfolio of products and services, including Referral Platform and Cloud-based Application. 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.
Facilitates efficient specialty medication referrals and reimbursements.
Enables real-time management of pharmacy referrals and performance monitoring.
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Funding Insights of Free Market Health
Free Market Health has successfully raised a total of $33.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in November 2023. 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 B — $20.0M
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First Round
First Round
(19 Apr 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series B - Free Market Health | Valuation | Questa Capital | |
| Apr, 2022 | Amount | Series A - Free Market Health | Valuation | Alta Partners |
| 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 Free Market Health
Free Market Health has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Questa Capital, Alta Partners and Highmark 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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Growth-stage VC and PE investments are directed across multiple sectors.
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Venture capital firm focused on healthcare companies
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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 Free Market Health
| 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 - Free Market Health
| 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 |
Free Market Health Comparisons
Competitors of Free Market Health
Free Market 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 Payspan, MiyaHealth, Rialtic, Enlace Health and Discovery Health Partners, 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 |
Provider of payment and reimbursement solutions
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| domain | founded_year | HQ Location |
Digital medical cost management solution for payors and employers
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| domain | founded_year | HQ Location |
Payment solutions for healthcare sectors
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| domain | founded_year | HQ Location |
Provider of data analytics and other IT infrastructure management services
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| domain | founded_year | HQ Location |
Payment integrity software and solutions are provided for healthcare payers.
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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 Free Market Health
Frequently Asked Questions about Free Market Health
When was Free Market Health founded?
Free Market Health was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Free Market Health located?
Free Market Health is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Free Market Health?
Joe Cardosi is the current CEO of Free Market Health. They have also founded this company.
Is Free Market Health a funded company?
Free Market Health is a funded company, having raised a total of $33.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $13.5M, raised on Apr 19, 2022.
What does Free Market Health do?
Free Market Health was founded in 2019 in Pittsburgh, United States, within the healthcare technology sector. Software is developed to support medication cost analysis and management for payers and pharmacies. Operations include monitoring health performance metrics, facilitating pharmacy connections, and enabling drug strategy management. Additional services encompass real-time referral handling and value-based care implementation.
Who are the top competitors of Free Market Health?
Free Market Health's top competitors include Enlace Health, MiyaHealth and Payspan.
What products or services does Free Market Health offer?
Free Market Health offers Referral Platform and Cloud-based Application.
Who are Free Market Health's investors?
Free Market Health has 4 investors. Key investors include Questa Capital, Alta Partners, Highmark Ventures, and 653 Investment.
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