About iMedX
iMedX is a company based in Atlanta (United States) founded in 2002 by Venkat Sharma was acquired by Rapid Care in June 2023.. iMedX has raised $22.28 million across 5 funding rounds from investors including Ventureast, RFE Investment Partners and Rapid Care. iMedX has completed 6 acquisitions, including Axcension, G2N and MedWrite. iMedX operates in a competitive market with competitors including Centivo, Xifin, Infinx, Omega Healthcare and AKASA, among others.
- Headquarter Atlanta, United States
- Founders Venkat Sharma
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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
*********
- Legal Name Imedx Information Services Private Limited
- Date of Incorporation 22 Feb, 2005
- Jurisdiction Amberpet, Telangana, India
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Annual Revenue
$3.14 M (USD)-25.69as on Mar 31, 2022
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Net Profit
$-32.18 K (USD)-110.68as on Mar 31, 2022
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EBITDA
$61.96 K (USD)-83.55as on Mar 31, 2022
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Total Equity Funding
$22.28 M (USD)
in 5 rounds
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Latest Funding Round
$4.03 M (USD), Series B
Dec 24, 2013
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Investors
Ventureast
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Axcension
& 5 more
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Acquired by
Rapid Care
(Jun 01, 2023)
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Funding Insights of iMedX
iMedX has successfully raised a total of $22.28M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $4.03 million completed in December 2013. 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 5
- Last Round Series B — $4.0M
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First Round
First Round
(14 Jul 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series B - iMedX | Valuation |
investors |
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| Oct, 2011 | Amount | Series B - iMedX | Valuation |
investors |
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| Jan, 2011 | Amount | Series B - iMedX | 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 iMedX
iMedX has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Ventureast, RFE Investment Partners and Rapid Care. 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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Private equity investments are managed from the United States.
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Founded Year | Domain | Location | |
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Venture capital investments in technology, healthcare, and clean environment sectors since 1997.
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Founded Year | Domain | Location | |
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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 iMedX
iMedX has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Axcension, G2N and MedWrite. 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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Limited information is available on G2N's core activities.
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2015 | ||||
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Vendor risk management solution provider
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2004 | ||||
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Web-based applications and services are developed and delivered.
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2003 |
| 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 - iMedX
| 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 |
Imedx Comparisons
Competitors of iMedX
iMedX 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 Centivo, Xifin, Infinx, Omega Healthcare and AKASA, 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 self funded health plan
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
Healthcare outsourcing services are provided to various sectors.
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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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 Imedx
Frequently Asked Questions about iMedX
When was iMedX founded?
iMedX was founded in 2002 and raised its 1st funding round 7 years after it was founded.
Where is iMedX located?
iMedX is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is iMedX a funded company?
iMedX is a funded company, having raised a total of $22.28M across 5 funding rounds to date. The company's 1st funding round was a Series B of $2.5M, raised on Jul 14, 2009.
What is the annual revenue of iMedX?
Annual revenue of iMedX is $3.14M as on Mar 31, 2022.
What does iMedX do?
iMedX was founded in 2002 in Atlanta, United States, and operates in the healthcare sector. A web and mobile-based platform is offered for revenue cycle management to hospitals and providers. Medical transcription and coding services are included among the solutions. Acquisitions such as G2N, Abacus Transcriptions, Medwrite, Superior Global Solutions, and National Medical Transcription have been completed. The 2015 ACG Atlanta Georgia Fast 40 award was received.
Who are the top competitors of iMedX?
iMedX's top competitors include R1 RCM, Centivo and Access Healthcare.
How many acquisitions has iMedX made?
Who are iMedX's investors?
iMedX has 3 investors. Key investors include Ventureast, RFE Investment Partners, and Rapid Care.
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