About MD Ally
MD Ally is a company based in Philadelphia (United States) founded in 2018 by Shanel Fields.. MD Ally has raised $28.19 million across 3 funding rounds from investors including Techstars, Frist Cressey Ventures and General Catalyst. MD Ally offers products and services including Telehealth Platform and Virtual Response System. MD Ally operates in a competitive market with competitors including Ro, Amwell, HealthTap, MD Live and Plushcare, among others.
- Headquarter Philadelphia, United States
- Founders Shanel Fields
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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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- Legal Name Md Ally Technologies, 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
$28.19 M (USD)
in 3 rounds
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Latest Funding Round
$23.68 M (USD), Series A
Jun 17, 2024
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Investors
Techstars
& 5 more
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Employee Count
Employee Count
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Products & Services of MD Ally
MD Ally offers a comprehensive portfolio of products and services, including Telehealth Platform and Virtual Response System. 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.
Enables virtual responses for low-acuity emergency calls
Connects patients to telehealth and social services in real-time
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Funding Insights of MD Ally
MD Ally has successfully raised a total of $28.19M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $23.68 million completed in June 2024. 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 3
- Last Round Series A — $23.7M
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First Round
First Round
(30 Mar 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - MD Ally | Valuation | Frist Cressey Ventures , General Catalyst | |
| Apr, 2021 | Amount | Seed - MD Ally | Valuation | General Catalyst | |
| Mar, 2020 | Amount | Seed - MD Ally | Valuation | Red & Blue Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 MD Ally
MD Ally has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Techstars, Frist Cressey Ventures and General Catalyst. 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 sector investments are primarily managed by Frist Cressey Ventures.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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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 MD Ally
| 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 - MD Ally
| 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 |
Md Ally Comparisons
Competitors of MD Ally
MD Ally 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 Ro, Amwell, HealthTap, MD Live and Plushcare, 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 |
Digital health services for men's wellness are offered by Ro.
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| domain | founded_year | HQ Location |
Telehealth solutions are provided for doctors and patients' consultations.
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| domain | founded_year | HQ Location |
Tech-enabled Q&A and video consultation platform for patients and doctors
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| domain | founded_year | HQ Location |
Cloud-based telemedicine consultations are offered 24/7 to patients nationwide.
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| domain | founded_year | HQ Location |
Primary healthcare is delivered through telemedicine services.
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| domain | founded_year | HQ Location |
Virtual consultations with physicians are provided through a telemedicine platform.
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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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Latest news on Md Ally
Frequently Asked Questions about MD Ally
When was MD Ally founded?
MD Ally was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is MD Ally located?
MD Ally is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of MD Ally?
Shanel Fields is the current CEO of MD Ally. They have also founded this company.
Is MD Ally a funded company?
MD Ally is a funded company, having raised a total of $28.19M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.01M, raised on Mar 30, 2020.
What does MD Ally do?
MD Ally was founded in 2018 in Philadelphia, United States. A telemedicine platform is operated to connect patients with healthcare professionals. Community health management is facilitated through software that supports virtual health services, emergency telehealth responses, virtual care options, and integration with electronic medical records. Access to these digital healthcare tools is enabled across various treatment scenarios.
What products or services does MD Ally offer?
MD Ally offers Telehealth Platform and Virtual Response System.
Who are MD Ally's investors?
MD Ally has 6 investors. Key investors include Techstars, Frist Cressey Ventures, General Catalyst, Seae Ventures, and Red & Blue Ventures.