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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Products & Services of MedXoom
MedXoom offers a comprehensive portfolio of products and services, including Medxoom Platform. 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.
Unifies benefits for cost savings and member engagement.
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $8.1M
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First Round
First Round
(05 Jun 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Series A - MedXoom | Valuation | Castellan | |
| Jun, 2019 | Amount | Series A - MedXoom | Valuation | TTV Capital , Las Olas |
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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 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. 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 in US tech and life sciences are targeted.
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Founded Year | Domain | Location | |
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Investments are made by TTV Capital in early-stage fintech companies.
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Founded Year | Domain | Location | |
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Investment and financial advisory services are provided by Castellan.
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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 MedXoom
MedXoom has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Benezon. 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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A platform for managing health benefits and services is provided.
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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 - MedXoom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Medxoom Comparisons
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. 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 |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Cloud-based employee benefits administration solutions are delivered.
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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 Medxoom
Frequently Asked Questions about MedXoom
When was MedXoom founded?
MedXoom was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is MedXoom located?
MedXoom is headquartered in Boca Raton, United States. It is registered at Boca Raton, Florida, United States.
Who is the current CEO of MedXoom?
Jeffrey Toewe is the current CEO of MedXoom. They have also founded this company.
Is MedXoom a funded company?
MedXoom is a funded company, having raised a total of $11.42M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.35M, raised on Jun 05, 2019.
How many employees does MedXoom have?
As of Dec 31, 2021, the latest employee count at MedXoom is 12.
What does MedXoom do?
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.
Who are the top competitors of MedXoom?
MedXoom's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does MedXoom offer?
MedXoom offers Medxoom Platform.
How many acquisitions has MedXoom made?
MedXoom has made 1 acquisition, including Benezon.
Who are MedXoom's investors?
MedXoom has 4 investors. Key investors include Castellan, Allied Benefit Systems, Las Olas, and TTV Capital.
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