Greenphire

King Of Prussia, United States Founded: 2007 • Age: 19 yrs Acquired By Thoma Bravo
Clinical payment technology for patient transactions in research is provided.
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About Greenphire

Greenphire is a company based in King Of Prussia (United States) founded in 2007 was acquired by Thoma Bravo in May 2021.. Greenphire has raised $5.81 million across 4 funding rounds from investors including Ares Capital Corporation, FirstMark and Thoma Bravo. Greenphire has completed 1 acquisition, including Clincierge. Greenphire offers products and services including Patient Payments, Site Payments, Travel & Logistics, and Mobile Engagement. Greenphire operates in a competitive market with competitors including Cedar, Zelis Healthcare, PayZen, Alegeus and RevSpring, among others.

  • Headquarter King Of Prussia, United States
  • Sectors
    Healthcare
    Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Healthcare → Health Technology & Digital Health
Healthcare → Biotechnology, Genomics & Life Sciences Research
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $5.81 M (USD)

    in 4 rounds

  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Investments & Acquisitions
  • Acquired by
    Thoma Bravo

    & 1 more

    (May 26, 2021)

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Products & Services of Greenphire

Greenphire offers a comprehensive portfolio of products and services, including Patient Payments, Site Payments, Travel & Logistics, and Mobile Engagement. 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.

Primary

Automates reimbursements for clinical trial participants efficiently.

Manages payments to research sites for trial operations.

Provides travel arrangements for participants in trials.

Offers mobile apps for participant interaction and feedback.

Funding Insights of Greenphire

Greenphire has successfully raised a total of $5.81M across 4 strategic funding rounds. 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 Rounds 4
  • Last Round
  • First Round

    (17 Aug 2011)

  • Investors Count 3
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2017 Amount Series A - Greenphire Valuation

investors

Jun, 2014 Amount Series A - Greenphire Valuation

investors

Oct, 2012 Amount Series A - Greenphire Valuation

investors

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 Greenphire

Greenphire has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Ares Capital Corporation, FirstMark and Thoma Bravo. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Technology ecosystem growth is supported in Southeastern Pennsylvania.
Founded Year Domain Location
Private equity and debt investments are managed for businesses.
Founded Year Domain Location
Early-stage venture capital is invested in tech startups across sectors.
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 Greenphire

Greenphire has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Clincierge. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
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
Acquisitions
Company Name Description Domain Location Founded Year Amount
Concierge services for clinical trial participants are facilitated.
2014
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Greenphire

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
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

Greenphire Comparisons

Employees
+
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Competitors of Greenphire

Greenphire 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 Cedar, Zelis Healthcare, PayZen, Alegeus and RevSpring, 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
Cloud-based payment solutions are provided for healthcare billing and analytics.
domain founded_year HQ Location
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
domain founded_year HQ Location
AI medical billing software for healthcare professionals and organizations
domain founded_year HQ Location
Healthcare benefits are administered via tax-advantaged account platforms.
domain founded_year HQ Location
Revenue cycle management platform for healthcare centers is offered.
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.

Latest news on Greenphire

Suvoda’s Merger with Greenphire
Globallegalchronicle9 months ago
Switch Data Centers’ $1.1 Billion Securitization Financing
Globallegalchronicle9 months ago

Frequently Asked Questions about Greenphire

When was Greenphire founded?

Greenphire was founded in 2007 and raised its 1st funding round 4 years after it was founded.

Where is Greenphire located?

Greenphire is headquartered in King Of Prussia, United States. It is registered at King Of Prussia, Pennsylvania, United States.

Is Greenphire a funded company?

Greenphire is a funded company, having raised a total of $5.81M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.31M, raised on Aug 17, 2011.

What does Greenphire do?

Greenphire was founded in 2007 and is headquartered in King of Prussia, United States. Clinical payment technology is offered by the company within the healthcare research sector. The ClinCard product is utilized for patient payments across multiple currencies, while eClinicalGPS is employed to calculate payments accurately, manage approvals, and automate executions in local currencies. Operations focus on streamlining financial processes for research professionals and sites.

Who are the top competitors of Greenphire?

Greenphire's top competitors include Cedar, PayZen and Zelis Healthcare.

What products or services does Greenphire offer?

Greenphire offers Patient Payments, Site Payments, Travel & Logistics, and Mobile Engagement.

How many acquisitions has Greenphire made?

Greenphire has made 1 acquisition, including Clincierge.

Who are Greenphire's investors?

Greenphire has 5 investors. Key investors include Ares Capital Corporation, FirstMark, Thoma Bravo, Ben Franklin Technology Partners, and The Riverside Company.

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