About Madaket Health
Madaket Health is a company based in Cambridge (United States) founded in 2012 by Ted Achtem and Jim Dougherty.. Madaket Health has raised $10 million across 2 funding rounds from investors including PNC, Eight Roads Ventures and Experian. Madaket Health offers products and services including PDM Platform, Payer Enrollment, Credentialing, Provider Directory, and EDI Enrollment. Madaket Health operates in a competitive market with competitors including Sodexo, Optum, Clara, PayActiv and Extend, among others.
- Headquarter Cambridge, United States
- Founders Ted Achtem, Jim Dougherty
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Sectors
HealthcareFinancial Services Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Madaket, 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
$10 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series B
Jul 23, 2018
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Investors
PNC
& 4 more
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Employee Count
Employee Count
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Products & Services of Madaket Health
Madaket Health offers a comprehensive portfolio of products and services, including PDM Platform, Payer Enrollment, Credentialing, Provider Directory, and EDI Enrollment. 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 storage and sharing of provider data for healthcare operations.
Simplifies connections to payers for efficient administrative processes.
Handles provider verification to ensure compliance and accuracy.
Automates updates for maintaining compliant provider networks.
Facilitates electronic data interchange for faster transactions.
Provides dashboards to identify inefficiencies and optimize revenue.
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Funding Insights of Madaket Health
Madaket Health has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in July 2018. 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 2
- Last Round Series B — $10.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Series B - Madaket Health | Valuation | Salesforce Ventures | |
| Jun, 2017 | Amount | Series A - Madaket Health | Valuation | Eight Roads Ventures |
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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 Madaket Health
Madaket Health has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include PNC, Eight Roads Ventures and Experian. 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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Healthcare companies are funded by Qiming, a venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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Venture capital investment and global platform support for 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 Madaket Health
| 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 - Madaket Health
| 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 |
Madaket Health Comparisons
Competitors of Madaket Health
Madaket Health 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 Sodexo, Optum, Clara, PayActiv and Extend, 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 |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Optum is recognized as a leading health solution and care delivery organization.
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| domain | founded_year | HQ Location |
Meetings are scheduled using AI by adding Clara to emails.
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| domain | founded_year | HQ Location |
Prepaid corporate cards are offered for on-demand employee wage access.
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| domain | founded_year | HQ Location |
A platform for virtual credit cards and spend management is provided by Extend for businesses.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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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 Madaket Health
When was Madaket Health founded?
Madaket Health was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is Madaket Health located?
Madaket Health is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Madaket Health?
Eric Demers is the current CEO of Madaket Health.
Is Madaket Health a funded company?
Madaket Health is a funded company, having raised a total of $10M across 2 funding rounds to date.
What does Madaket Health do?
Madaket Health was founded in 2012 and is based in Cambridge, United States. Data management software is offered by the company for healthcare administration, with automated solutions developed for provider data management, licensing, and credentialing services. Administrative transaction processing between providers and payers is also facilitated through these tools, supporting operations in the healthcare technology sector.
Who are the top competitors of Madaket Health?
What products or services does Madaket Health offer?
Madaket Health offers PDM Platform, Payer Enrollment, Credentialing, Provider Directory, and 2 more products and services.
Who are Madaket Health's investors?
Madaket Health has 5 investors. Key investors include PNC, Eight Roads Ventures, Experian, Qiming, and Salesforce Ventures.
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