About Medl
Medl is a company based in Durham (United States) founded in 2013.. Medl has raised $448 thousand across 3 funding rounds from investors including MassChallenge, Independence Blue Cross and Dreamit. Medl operates in a competitive market with competitors including Pillar, GloveBox, InsuredMine, Primero Insurance Company and MyBenefitsKeeper, among others.
- Headquarter Durham, United States
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Sectors
Financial ServicesHealthcare
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$448 K (USD)
in 3 rounds
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Latest Funding Round
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Investors
MassChallenge
& 2 more
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Employee Count
Employee Count
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Funding Insights of Medl
Medl has successfully raised a total of $448K across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(01 Jun 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2014 | Amount | Grant - Medl | Valuation |
investors |
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| Jul, 2013 | Amount | Seed - Medl | Valuation | IBX , Dreamit |
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| Jun, 2013 | Amount | Seed - Medl | 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 Medl
Medl has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include MassChallenge, Independence Blue Cross and Dreamit. 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 entrepreneurs are accelerated through MassChallenge's program.
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Founded Year | Domain | Location | |
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Startup accelerator
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Founded Year | Domain | Location | |
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Health insurance services are provided by Independence Blue Cross.
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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 Medl
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - Medl
| 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 |
Medl Comparisons
Competitors of Medl
Medl 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 Pillar, GloveBox, InsuredMine, Primero Insurance Company and MyBenefitsKeeper, 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 |
Loan management app
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| domain | founded_year | HQ Location |
App-based platform for managing personal insurance policies is provided.
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| domain | founded_year | HQ Location |
Cloud-based insurance policy management is offered to individuals.
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| domain | founded_year | HQ Location |
An app for managing individual insurance policies is provided.
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| domain | founded_year | HQ Location |
An app designed to efficiently manage and track health benefits.
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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 Medl
When was Medl founded?
Medl was founded in 2013.
Where is Medl located?
Medl is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Is Medl a funded company?
Medl is a funded company, having raised a total of $448K across 3 funding rounds to date. The company's 1st funding round was a Seed of $198K, raised on Jun 01, 2013.
What does Medl do?
Offers secure virtual health insurance card. The company has developed an app that connects patients directly with their doctors and insurance companies. The smartphone-based application provides real-time health benefits information, as well as a centralized location for creating, storing, and sharing patients medical data. The application creates a better consumer healthcare experience, allowing patients to check-in directly from their smartphones. The check-in feature shares medical history forms data and displays a real-time cost estimate for that visit. It enables users to see their health insurance benefits information, including co-pays and deductible balances. Patients then have the option to pay for their visit directly from the app using a credit card, bank account, or an HSAFSA. The web-based application for providers enables doctors to give patients upfront cost estimates for a transparent transaction at the point of service.
Who are the top competitors of Medl?
Medl's top competitors include GloveBox, Primero Insurance Company and InsuredMine.
Who are Medl's investors?
Medl has 3 investors. Key investors include MassChallenge, Independence Blue Cross, and Dreamit.