About HighRoads
HighRoads is a company based in Burlington (United States) founded in 1999.. HighRoads has raised $33.09 million across 9 funding rounds from investors including RBC Royal Bank, MMV Financial and ABS Ventures. The company has 87 employees as of December 31, 2022. HighRoads offers products and services including P2A: DocGen, P2A: Product Lifecycle Management, and P2A: Sales Enablement. HighRoads operates in a competitive market with competitors including Change Healthcare, HealthEdge, Innovaccer, Zelis Healthcare and Alegeus, among others.
- Headquarter Burlington, United States
- Employees 87 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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- Legal Name Highroads, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.09 M (USD)
in 9 rounds
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Latest Funding Round
$2 M (USD), Series C
Aug 28, 2016
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Investors
RBC Royal Bank
& 7 more
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Employee Count
87
as on Dec 31, 2022
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Products & Services of HighRoads
HighRoads offers a comprehensive portfolio of products and services, including P2A: DocGen, P2A: Product Lifecycle Management, and P2A: Sales Enablement. 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.
Automates document creation for compliant health plan outputs
Manages health plan product design and lifecycle efficiently
Accelerates sales with on-demand customization for health plans
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Software Development Team
11 people
Product Management Team
6 people
Sales and Marketing
6 people
Leadership Team
4 people
Business Team
2 people
Chairman Team
1 people
Data Analysis and Operations Team
1 people
Finance and Accounting
1 people
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Funding Insights of HighRoads
HighRoads has successfully raised a total of $33.09M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $2 million completed in August 2016. 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 9
- Last Round Series C — $2.0M
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First Round
First Round
(06 Jul 2004)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Series C - HighRoads | Valuation |
investors |
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| May, 2015 | Amount | Series C - HighRoads | Valuation |
investors |
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| Jun, 2014 | Amount | Series C - HighRoads | Valuation |
investors |
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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 HighRoads
HighRoads has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include RBC Royal Bank, MMV Financial and ABS 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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Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Family office investing in early-stage startups
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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 HighRoads
| 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 - HighRoads
| 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 |
Highroads Comparisons
Competitors of HighRoads
HighRoads 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 Change Healthcare, HealthEdge, Innovaccer, Zelis Healthcare and Alegeus, 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 solutions are delivered for healthcare payers, providers, and patients.
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| domain | founded_year | HQ Location |
Software solutions for healthcare payers are provided.
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| domain | founded_year | HQ Location |
Provider of an AI-powered cloud platform for healthcare performance improvement
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Healthcare benefits are administered via tax-advantaged account platforms.
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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 Highroads
Frequently Asked Questions about HighRoads
When was HighRoads founded?
HighRoads was founded in 1999 and raised its 1st funding round 5 years after it was founded.
Where is HighRoads located?
HighRoads is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Is HighRoads a funded company?
HighRoads is a funded company, having raised a total of $33.09M across 9 funding rounds to date. The company's 1st funding round was a Series C of $3.71M, raised on Jul 06, 2004.
How many employees does HighRoads have?
As of Dec 31, 2022, the latest employee count at HighRoads is 87.
What does HighRoads do?
HighRoads was founded in 1999 and is headquartered in Burlington, United States. A SaaS-based platform known as P2 Advance is offered to payers in the healthcare sector, supporting data management, document generation, plan configuration, distribution, workflow, systems integration, scalability, and compliance. Operations encompass account management, compliance communications, and workflow processes for product strategy, contracts, legal affairs, product operations, marketing, sales, and information technology.
Who are the top competitors of HighRoads?
HighRoads's top competitors include Change Healthcare, HealthEdge and Innovaccer.
What products or services does HighRoads offer?
HighRoads offers P2A: DocGen, P2A: Product Lifecycle Management, and P2A: Sales Enablement.
Who are HighRoads's investors?
HighRoads has 8 investors. Key investors include RBC Royal Bank, MMV Financial, ABS Ventures, Egan-Managed Capital, and Kodiak Venture Partners.
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