About MedXoom
MedXoom is a company based in Boca Raton (United States) founded in 2013 by Jeffrey Toewe was acquired by Allied in July 2023. MedXoom has raised $11.42 million across 2 funding rounds from investors including Castellan, Allied Benefit Systems and Las Olas. The company has 12 employees as of December 31, 2021. MedXoom has completed 1 acquisition, including Benezon. MedXoom offers products and services including Medxoom Platform. MedXoom operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Konfío, among others.
- Headquarter Boca Raton, United States
- Employees 12 as on 31 Dec, 2021
- Founders Jeffrey Toewe
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Sectors
HealthcareFinancial Services Technology
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Email
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Phone
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Website
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Social
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- Legal Name Medxoom Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$11.42 M (USD)
in 2 rounds
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Latest Funding Round
$8.08 M (USD), Series A
Mar 31, 2021
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Investors
Castellan
& 3 more
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Employee Count
12
as on Dec 31, 2021
- Investments & Acquisitions
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Acquired by
Allied
(Jul 18, 2023)
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Products & Services of MedXoom
MedXoom offers a comprehensive portfolio of products and services, including Medxoom Platform.
Unifies benefits for cost savings and member engagement.
People of MedXoom
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Funding Insights of MedXoom
MedXoom has successfully raised a total of $11.42M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8.08 million completed in March 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.
Investors in MedXoom
MedXoom has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Castellan, Allied Benefit Systems and Las Olas.
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Early-stage investments in US tech and life sciences are targeted.
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Investments are made by TTV Capital in early-stage fintech companies.
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Investment and financial advisory services are provided by Castellan.
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Investor details for MedXoom
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Investments & Acquisitions by MedXoom
MedXoom has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Benezon.
Investment portfolio details for MedXoom
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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A platform for managing health benefits and services is provided.
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Complete acquisition details for MedXoom
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Financial Statements - MedXoom
Detailed financials for MedXoom
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Medxoom Comparisons
Peer comparison for MedXoom
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Competitors of MedXoom
MedXoom 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 Hinge Health, Practo, Accolade, Sharecare and Konfío, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Virtual physical therapy and digital pain care solutions are provided.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Health and wellness social network for employees is provided.
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Financial solutions platform provider
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Cloud-based employee benefits administration solutions are delivered.
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Detailed competitors of MedXoom
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Latest news on Medxoom
Complete news archive for MedXoom
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Frequently Asked Questions about MedXoom
MedXoom was founded in 2013 and raised its 1st funding round 6 years after it was founded.
MedXoom is headquartered in Boca Raton, United States. It is registered at Boca Raton, Florida, United States.
Jeffrey Toewe is the current CEO of MedXoom. They have also founded this company.
MedXoom is a funded company, having raised a total of $11.42M across 2 funding rounds to date.
As of Dec 31, 2021, the latest employee count at MedXoom is 12.
Cloud-based health benefits management platform for employers, patients, and providers. The company provides a member engagement solution for health providers to assist with care planning and healthcare costs. It enables employees and individuals to access different health plans, compare plans, and communicate with providers. It has features for payments, care team coordination, and more.
MedXoom's top competitors include Accolade, Hinge Health and Wellhub.
MedXoom offers Medxoom Platform.
MedXoom has made 1 acquisition, including Benezon.
MedXoom has 4 investors. Key investors include Castellan, Allied Benefit Systems, Las Olas, and TTV Capital.