About Medable
Medable is a company based in Palo Alto (United States) founded in 2012 by James Sas, Tim Smith, and Michelle Longmire.. Medable has raised $518.45 million across 7 funding rounds from investors including Blackstone, PPD and Tiger Global. The company has 376 employees as of December 31, 2022. Medable has completed 1 acquisition, including Omhu. Medable offers products and services including Medable Studio and eCOA Solutions. Medable operates in a competitive market with competitors including Curebase, Huma, Biovotion, SnapIoT and Biorce, among others.
- Headquarter Palo Alto, United States
- Employees 376 as on 31 Dec, 2022
- Founders James Sas, Tim Smith, Michelle Longmire
- Stage Unicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Medable, 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
$518.45 M (USD)
in 7 rounds
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Latest Funding Round
$304 M (USD), Series D
Oct 07, 2021
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Investors
Blackstone
& 7 more
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Employee Count
376
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Medable
Medable offers a comprehensive portfolio of products and services, including Medable Studio and eCOA Solutions. 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.
AI tool for building studies faster with control and efficiency.
Enables real-time patient-reported data in clinical trials securely.
Unlock access to complete
Funding Insights of Medable
Medable has successfully raised a total of $518.45M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $304 million completed in October 2021. 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 7
- Last Round Series D — $304.0M
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First Round
First Round
(04 Dec 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series D - Medable | Valuation | Blackstone , Tiger Global Management | |
| Apr, 2021 | Amount | Series C - Medable | Valuation | Sapphire Ventures | |
| Oct, 2020 | Amount | Series C - Medable | Valuation | Sapphire Ventures |
| 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 Medable
Medable has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackstone, PPD and Tiger Global. 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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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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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 Medable
Medable has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Omhu. 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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AI-based telemedicine for skincare conditions is provided via an app.
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2020 |
| 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 - Medable
| 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 |
Medable Comparisons
Competitors of Medable
Medable 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 Curebase, Huma, Biovotion, SnapIoT and Biorce, 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 |
Patient enrollment platform for decentralized clinical research is provided.
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| domain | founded_year | HQ Location |
Digital and AI-first health products are developed by Huma.
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| domain | founded_year | HQ Location |
Patient health vitals are monitored remotely via Biovotion's wearable devices.
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| domain | founded_year | HQ Location |
Middleware platform for application development & clinical trials monitoring
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| domain | founded_year | HQ Location |
AI-driven clinical assistant platform is provided for drug development.
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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 Medable
Frequently Asked Questions about Medable
When was Medable founded?
Medable was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Medable located?
Medable is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Medable?
Michelle Longmire is the current CEO of Medable. They have also founded this company.
Is Medable a funded company?
Medable is a funded company, having raised a total of $518.45M across 7 funding rounds to date. The company's 1st funding round was a Series C of $91M, raised on Dec 04, 2015.
How many employees does Medable have?
As of Dec 31, 2022, the latest employee count at Medable is 376.
What does Medable do?
Medable was founded in 2012 in Palo Alto, United States, as a provider of cloud-based platforms for clinical trial and drug development processes. Tools for patient screening, teleconsent management, telecommunication, and remote patient monitoring are included in the web-based system. Operations focus on supporting researchers in the healthcare sector with streamlined trial workflows across various geographies.
Who are the top competitors of Medable?
What products or services does Medable offer?
Medable offers Medable Studio and eCOA Solutions.
How many acquisitions has Medable made?
Medable has made 1 acquisition, including Omhu.
Who are Medable's investors?
Medable has 8 investors. Key investors include Blackstone, PPD, Tiger Global, Sapphire Ventures, and WTI.
What is Medable's valuation?
The valuation of Medable is $2.1B as of Oct 2021.