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
*********
- Legal Name Healthequity, Inc.
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Annual Revenue
$1.2 B20.03as on Jan 31, 2025
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Net Profit
$96.7 M73.58as on Jan 31, 2025
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EBITDA
$392.52 M39.58as 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.
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $12.5M
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First Round
First Round
(18 Nov 2002)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2011 | Amount | Series B - HealthEquity | Valuation |
investors |
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| Dec, 2006 | Amount | Grant - HealthEquity | Valuation |
investors |
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| Nov, 2006 | Amount | Series B - HealthEquity | Valuation | Berkley Capital |
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| 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 HealthEquity
HealthEquity has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include HHS and Berkley Capital. 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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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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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 HealthEquity
HealthEquity has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include HelloFurther, Luum and WageWorks. 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.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Employee benefits are managed via a cloud-based commuting platform.
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2012 | ||||
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Employee benefits management
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2000 | ||||
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App-based platform for managing healthcare savings accounts is offered.
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1989 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HealthEquity
| 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 |
Healthequity Comparisons
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. 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 |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are offered for enterprise HR management.
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| domain | founded_year | HQ Location |
A card-linked wallet is provided for employee financial management.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| 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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Latest news on Healthequity
Frequently Asked Questions about HealthEquity
When was HealthEquity founded?
HealthEquity was founded in 2002.
Where is HealthEquity located?
HealthEquity is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Is HealthEquity a funded company?
HealthEquity is a funded company, having raised a total of $15.28M across 6 funding rounds to date.
How many employees does HealthEquity have?
As of Jan 31, 2024, the latest employee count at HealthEquity is 3,120.
What is the annual revenue of HealthEquity?
Annual revenue of HealthEquity is $1.2B as on Jan 31, 2025.
What does HealthEquity do?
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.
Who are the top competitors of HealthEquity?
HealthEquity's top competitors include Accolade, Hinge Health and Alight.
Is HealthEquity publicly traded?
Yes, HealthEquity is publicly traded on NASDAQ under the ticker symbol HQY.
How many acquisitions has HealthEquity made?
HealthEquity has made 3 acquisitions, including HelloFurther, Luum, and WageWorks.
Who are HealthEquity's investors?
HealthEquity has 2 investors. Key investors include HHS, and Berkley Capital.
What is HealthEquity's ticker symbol?
The ticker symbol of HealthEquity is HQY on NASDAQ.