About MediSpend
MediSpend is a company based in Portsmouth (United States) founded in 1999 was acquired by Susquehanna Growth Equity in May 2021.. The company has 33 employees as of December 31, 2022. MediSpend has completed 3 acquisitions, including Alucio, MedCompli and Real Life Sciences. MediSpend offers products and services including Compliant Consultant Engagement, Events Management, Transparency Reporting, Funding Management, and Third-Party Due Diligence. MediSpend operates in a competitive market with competitors including Symphony, EXIGER, Conta Simples, Middesk and MetricStream, among others.
- Headquarter Portsmouth, United States
- Employees 33 as on 31 Dec, 2022
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Sectors
Professional & Legal ServicesTechnology Financial Services Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mmis, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
EDG Partners
& 1 more
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Employee Count
33
as on Dec 31, 2022
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Investments & Acquisitions
Alucio
& 2 more
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Acquired by
Susquehanna Growth Equity
(May 26, 2021)
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Products & Services of MediSpend
MediSpend offers a comprehensive portfolio of products and services, including Compliant Consultant Engagement, Events Management, Transparency Reporting, Funding Management, and Third-Party Due Diligence. 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.
Manages compliant interactions with healthcare professionals and stakeholders.
Handles planning and execution of compliant events for clients.
Streamlines regulatory reporting and data analytics for compliance.
Oversees funding requests and program insights for life sciences.
Conducts screenings and assessments for third-party compliance risks.
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Funding Insights of MediSpend
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2014 | Amount | Series A - MediSpend | Valuation |
investors |
| 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 MediSpend
MediSpend has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include EDG Partners and Susquehanna Growth Equity. 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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Founded Year | Domain | Location | |
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Private equity 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 MediSpend
MediSpend has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Alucio, MedCompli and Real Life Sciences. 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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Platform for scientific knowledge exchange among medical professionals is offered.
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2019 | ||||
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Cloud-based platform for risk and compliance management is utilized.
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2017 | ||||
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Treatment data analytics are provided for pharmaceutical companies.
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2015 |
| 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 - MediSpend
| 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 |
Medispend Comparisons
Competitors of MediSpend
MediSpend 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 Symphony, EXIGER, Conta Simples, Middesk and MetricStream, 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 |
Compliance management solutions for financial institutions
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| domain | founded_year | HQ Location |
Third-party risks and supply chains are managed via AI platform.
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| domain | founded_year | HQ Location |
Digital bank for businesses
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| domain | founded_year | HQ Location |
Risk management solutions for financial institutions are offered.
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| domain | founded_year | HQ Location |
Cloud-based regulatory solutions are provided for financial institutions.
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| domain | founded_year | HQ Location |
Strategy management consulting services are provided by Ascent.
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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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Latest news on Medispend
Frequently Asked Questions about MediSpend
When was MediSpend founded?
MediSpend was founded in 1999 and raised its 1st funding round 15 years after it was founded.
Where is MediSpend located?
MediSpend is headquartered in Portsmouth, United States. It is registered at Portsmouth, Virginia, United States.
How many employees does MediSpend have?
As of Dec 31, 2022, the latest employee count at MediSpend is 33.
What does MediSpend do?
Founded in 1999 and based in Portsmouth, United States, MediSpend operates in the life sciences sector. SaaS-based solutions are delivered for compliance management, including spend analytics and HCP engagement tools. Data from various sources is integrated, expenses are analyzed through customizable workflows, and reports are generated to align with federal, state, and global transparency regulations. Operations focus on enabling regulatory adherence for pharmaceutical and biotech firms.
Who are the top competitors of MediSpend?
MediSpend's top competitors include Symphony, EXIGER and Conta Simples.
What products or services does MediSpend offer?
MediSpend offers Compliant Consultant Engagement, Events Management, Transparency Reporting, Funding Management, and Third-Party Due Diligence.
How many acquisitions has MediSpend made?
MediSpend has made 3 acquisitions, including Alucio, MedCompli, and Real Life Sciences.
Who are MediSpend's investors?
MediSpend has 2 investors. Key investors include EDG Partners, and Susquehanna Growth Equity.
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