About HealthEquity
HealthEquity is a company based in Draper (United States) founded in 2002 by Steve Neeleman. HealthEquity has raised $15.28 million across 6 funding rounds from investors including HHS and Berkley Capital. The company has 3,120 employees as of January 31, 2024. HealthEquity has completed 3 acquisitions, including HelloFurther, Luum and WageWorks. HealthEquity operates in a competitive market with competitors including Hinge Health, Alight, Swile, Practo and Accolade, among others.
- Headquarter Draper, United States
- Employees 3120 as on 31 Jan, 2024
- Founders Steve Neeleman
- Stage Public
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Sectors
Financial ServicesTechnology Healthcare
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Phone
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Website
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Social
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- Legal Name Healthequity, Inc.
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Annual Revenue
$1.2 B (USD)20.03as on Jan 31, 2025
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Net Profit
$96.7 M (USD)73.58as on Jan 31, 2025
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EBITDA
$392.52 M (USD)39.58as on Jan 31, 2025
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Total Equity Funding
$15.28 M (USD)
in 6 rounds
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Latest Funding Round
$12.5 M (USD), Series B
Aug 11, 2011
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Investors
HHS
& 1 more
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Employee Count
3120
as on Jan 31, 2024
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Investments & Acquisitions
HelloFurther
& 2 more
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IPO & Listings of HealthEquity
HealthEquity is a publicly listed company on the NASDAQ with ticker symbol HQY in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of HealthEquity
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Software Development Team
131 people
Leadership Team
93 people
Sales and Marketing
49 people
Data Analysis and Operations Team
43 people
Senior Team
38 people
Product Management Team
38 people
Finance and Accounting
23 people
Service Team
20 people
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Funding Insights of HealthEquity
HealthEquity has successfully raised a total of $15.28M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $12.5 million completed in August 2011. 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.
Investors in HealthEquity
HealthEquity has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include HHS and Berkley Capital.
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Public health and human services are overseen by HHS.
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Investor details for HealthEquity
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by HealthEquity
HealthEquity has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include HelloFurther, Luum and WageWorks.
Investment portfolio details for HealthEquity
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- Transaction dates
- Round details
- Investment values
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Employee benefits are managed via a cloud-based commuting platform.
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Employee benefits management
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App-based platform for managing healthcare savings accounts is offered.
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Complete acquisition details for HealthEquity
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - HealthEquity
Detailed financials for HealthEquity
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Healthequity Comparisons
Peer comparison for HealthEquity
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of HealthEquity
HealthEquity 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 Hinge Health, Alight, Swile, Practo and Accolade, among others.
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Virtual physical therapy and digital pain care solutions are provided.
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Cloud-based HRMS solutions are offered for enterprise HR management.
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A card-linked wallet is provided for employee financial management.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Employee benefit administration and payment solutions are provided for enterprises.
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Detailed competitors of HealthEquity
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Latest news on Healthequity
Complete news archive for HealthEquity
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about HealthEquity
HealthEquity was founded in 2002.
HealthEquity is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
HealthEquity is a funded company, having raised a total of $15.28M across 6 funding rounds to date.
As of Jan 31, 2024, the latest employee count at HealthEquity is 3,120.
Annual revenue of HealthEquity is $1.2B as on Jan 31, 2025.
Employee benefits management platform for individuals and businesses. It provides an app based platform to assist in health savings, health plan solutions to help individuals build health savings while assisting employers to cut costs on benefits through integrated health care account administration, and investment tools. It features personalized savings strategies and consumer education tools. It allows users to upload photos of medical bills to initiate claims and payments, make payments to providers or reimburse out of pocket expenses from the insurer. It is also available on the Android and iOS version.
HealthEquity's top competitors include Accolade, Hinge Health and Alight.
Yes, HealthEquity is publicly traded on NASDAQ under the ticker symbol HQY.
HealthEquity has made 3 acquisitions, including HelloFurther, Luum, and WageWorks.
HealthEquity has 2 investors. Key investors include HHS, and Berkley Capital.
The ticker symbol of HealthEquity is HQY on NASDAQ.