About LowestMed
LowestMed is a company based in Sandy (United States) founded in 2009 was acquired by RetailMeNot in May 2018.. LowestMed operates in a competitive market with competitors including Capsule, Blink Health, NimbleRx, Drugstore.com and Phil, among others.
- Headquarter Sandy, United States
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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
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
RetailMeNot
(May 08, 2018)
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Funding Insights of LowestMed
| 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 LowestMed
LowestMed has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include RetailMeNot. 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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Provider of app and browser extension offering digital coupons & deals
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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 LowestMed
| 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 - LowestMed
| 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 |
Lowestmed Comparisons
Competitors of LowestMed
LowestMed 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 Capsule, Blink Health, NimbleRx, Drugstore.com and Phil, 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 |
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| domain | founded_year | HQ Location |
An online pharmacy platform is operated for medicine delivery services.
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| domain | founded_year | HQ Location |
Discounted prescription drugs are provided via an online pharmacy platform.
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| domain | founded_year | HQ Location |
Prescriptions are delivered same-day through an online platform.
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| domain | founded_year | HQ Location |
Medical products and prescriptions are sold online by Drugstore.com.
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| domain | founded_year | HQ Location |
Prescription drugs refill management solutions
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| domain | founded_year | HQ Location |
Pharmaceutical, nutritional, and daily use products are offered via e-commerce.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about LowestMed
When was LowestMed founded?
LowestMed was founded in 2009.
Where is LowestMed located?
LowestMed is headquartered in Sandy, United States. It is registered at Sandy, Utah, United States.
What does LowestMed do?
LowestMed was founded in 2009 in Sandy, United States, as an online platform in the healthcare sector focused on prescription drug pricing. Tools and mobile apps are offered to enable consumers to compare prices across local pharmacies, facilitating reductions in time and out-of-pocket costs. MediBajo, a dedicated app for the Hispanic community, has been launched. The company is included in the HealthBox accelerator portfolio.
Who are the top competitors of LowestMed?
LowestMed's top competitors include Capsule, Blink Health and Phil.
Who are LowestMed's investors?
LowestMed has 1 investor. Key investors include RetailMeNot.
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