About Medefy
Medefy is a company based in Oklahoma City (United States) founded in 2013.. Medefy has raised $17.77 million across 2 funding rounds from investors including Mercury Fund and Advantage Capital. Medefy offers products and services including Medefy App, MedefyRx, and Virtual Care. Medefy operates in a competitive market with competitors including Vitals, DentiCalc, MDTech, Avicennas and Superscript, among others.
- Headquarter Oklahoma City, United States
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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 Medefy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.77 M (USD)
in 2 rounds
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Latest Funding Round
$15.27 M (USD), Series A
Sep 28, 2023
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Investors
Mercury Fund
& 1 more
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Employee Count
Employee Count
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Products & Services of Medefy
Medefy offers a comprehensive portfolio of products and services, including Medefy App, MedefyRx, and Virtual Care. 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.
Centralizes health benefits info for viewing and guidance services
Ensures lowest-cost medications without unexpected fees
Provides on-demand virtual health support for users
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Funding Insights of Medefy
Medefy has successfully raised a total of $17.77M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15.27 million completed in September 2023. 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 — $15.3M
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First Round
First Round
(19 May 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series A - Medefy | Valuation | Mercury Fund | |
| May, 2021 | Amount | Series A - Medefy | Valuation |
investors |
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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 Medefy
Medefy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Mercury Fund and Advantage Capital. 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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Early-stage investments are directed toward US, India, and Canada firms.
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Founded Year | Domain | Location | |
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Private equity investment firm
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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 Medefy
| 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 - Medefy
| 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 |
Medefy Comparisons
Competitors of Medefy
Medefy 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 Vitals, DentiCalc, MDTech, Avicennas and Superscript, 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 |
Online listing platform to find doctors and other medical care setups
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| domain | founded_year | HQ Location |
Mobile app providing dental photos, videos, consultation tools, and calculators for professionals.
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| domain | founded_year | HQ Location |
Hospital charge capture processing applications are provided by MDTech.
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| domain | founded_year | HQ Location |
Global health tourism platform that connects patients with the best doctors
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| domain | founded_year | HQ Location |
Limited information is provided about Superscript's activities.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Medefy
When was Medefy founded?
Medefy was founded in 2013 and raised its 1st funding round 8 years after it was founded.
Where is Medefy located?
Medefy is headquartered in Oklahoma City, United States. It is registered at Oklahoma City, Oklahoma, United States.
Is Medefy a funded company?
Medefy is a funded company, having raised a total of $17.77M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.5M, raised on May 19, 2021.
What does Medefy do?
Medefy was founded in 2013 in Oklahoma City, United States, within the healthcare technology sector. A software tool and mobile app are provided to reveal costs of medical procedures and doctors within a companys provider network for employees. Coverage details and interactions with specific benefit packages are displayed, enabling informed decisions on healthcare expenses.
Who are the top competitors of Medefy?
Medefy's top competitors include Vitals, MDTech and Superscript.
What products or services does Medefy offer?
Medefy offers Medefy App, MedefyRx, and Virtual Care.
Who are Medefy's investors?
Medefy has 2 investors. Key investors include Mercury Fund, and Advantage Capital.
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