About Med Answers
Med Answers is a company based in San Francisco (United States) founded in 2004.. Med Answers has raised $5 million across 2 funding rounds from investors including Illumina, LSI Fund and Viking Global Investors. Med Answers offers products and services including Patient Engagement Platform, Telemedicine Service, and Clinical Trial Recruitment. Med Answers operates in a competitive market with competitors including Belong, Roon, Inquisit Health, Curofy and theMednet, among others.
- Headquarter San Francisco, United States
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Sectors
HealthcareMedia & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Medanswers
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 2 rounds
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Latest Funding Round
$5 M (USD), Series A
Aug 13, 2019
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Investors
Illumina
& 2 more
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Employee Count
Employee Count
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Products & Services of Med Answers
Med Answers offers a comprehensive portfolio of products and services, including Patient Engagement Platform, Telemedicine Service, and Clinical Trial Recruitment. 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.
Platform connects users to fertility experts and reliable data for consultations.
Service enables virtual consults for fertility testing and treatment plans.
Tool matches users to qualified clinical trials based on health criteria.
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Funding Insights of Med Answers
Med Answers has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in August 2019. 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 A — $5.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series A - Med Answers | Valuation | LSI Fund | |
| Apr, 2018 | Amount | Seed - Med Answers | Valuation |
investors |
| 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 Med Answers
Med Answers has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Illumina, LSI Fund and Viking Global Investors. 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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Innovations in life sciences and healthcare are incubated and scaled by LSI Fund.
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Founded Year | Domain | Location | |
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Private investment firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Developer of technologies for analysis of genetic variation and function
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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 Med Answers
| 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 - Med Answers
| 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 |
Med Answers Comparisons
Competitors of Med Answers
Med Answers 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 Belong, Roon, Inquisit Health, Curofy and theMednet, 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 |
AI-enabled platform sources candidates for inclusive employment of disabled individuals.
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| domain | founded_year | HQ Location |
A communication and Q&A platform for patients is provided.
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| domain | founded_year | HQ Location |
Peer-to-peer phone mentoring is provided for patients with medical conditions.
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Online network for doctors' communication and patient referrals is provided.
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| domain | founded_year | HQ Location |
Clinical questions are answered in a physician-only Q&A platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Med Answers
Frequently Asked Questions about Med Answers
When was Med Answers founded?
Med Answers was founded in 2004 and raised its 1st funding round 14 years after it was founded.
Where is Med Answers located?
Med Answers is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Med Answers a funded company?
Med Answers is a funded company, having raised a total of $5M across 2 funding rounds to date.
What does Med Answers do?
MedAnswers was founded in 2004 in San Francisco, United States, within the healthcare sector. A mobile platform is provided for patients to submit questions on topics such as infertility, genetics, cardiology, and oncology. Responses are delivered by field experts. Existing questions are available for users to browse, facilitating access to medical information across various specialties.
Who are the top competitors of Med Answers?
What products or services does Med Answers offer?
Med Answers offers Patient Engagement Platform, Telemedicine Service, and Clinical Trial Recruitment.
Who are Med Answers's investors?
Med Answers has 3 investors. Key investors include Illumina, LSI Fund, and Viking Global Investors.