About medZERO
medZERO is a company based in Kansas City (United States) founded in 2017 by Michael Sobek.. medZERO has raised $14.99 million across 3 funding rounds from investors including True Ventures, Village Global and Grand Ventures. medZERO offers products and services including medZERO Spending Account and Fertility Advantage. medZERO operates in a competitive market with competitors including Hinge Health, Accolade, Sharecare, Betterfly and Wellhub, among others.
- Headquarter Kansas City, United States
- Founders Michael Sobek
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Sectors
HealthcareFinancial Services Travel & Hospitality 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.99 M (USD)
in 3 rounds
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Latest Funding Round
$590 K (USD), Seed
Oct 04, 2024
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Investors
True Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of medZERO
medZERO offers a comprehensive portfolio of products and services, including medZERO Spending Account and Fertility Advantage. 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.
Provides on-demand funds for medical expenses with zero interest and fees.
Supports fertility-related costs through zero-interest financing options.
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Operations Team
2 people
Leadership Team
2 people
CSO Team
1 people
Software Development Team
1 people
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Funding Insights of medZERO
medZERO has successfully raised a total of $14.99M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $590 thousand completed in October 2024. 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 Seed — $590,000
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First Round
First Round
(31 Mar 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - medZERO | Valuation |
investors |
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| Oct, 2022 | Amount | Seed - medZERO | Valuation | Grand Ventures | |
| Mar, 2021 | Amount | Seed - medZERO | Valuation | True Ventures |
| 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 medZERO
medZERO has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include True Ventures, Village Global and Grand Ventures. 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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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location | |
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Early-stage venture capital investing, network building, and founder support services.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund investing in seed-stage B2B SaaS companies in emerging regions
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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 medZERO
| 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 - medZERO
| 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 |
Medzero Comparisons
Competitors of medZERO
medZERO 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, Accolade, Sharecare, Betterfly and Wellhub, 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 |
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 |
Employee health and well-being solutions are delivered through a platform.
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| domain | founded_year | HQ Location |
Cloud-based wellness programs are offered for employee health and productivity.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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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 Medzero
Frequently Asked Questions about medZERO
When was medZERO founded?
medZERO was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is medZERO located?
medZERO is headquartered in Kansas City, United States. It is registered at Kansas City, Missouri, United States.
Who is the current CEO of medZERO?
Michael Sobek is the current CEO of medZERO. They have also founded this company.
Is medZERO a funded company?
medZERO is a funded company, having raised a total of $14.99M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.7M, raised on Mar 31, 2021.
What does medZERO do?
MedZERO was founded in 2017 and is headquartered in Kansas City, United States. Prepaid cards for health expenses are offered as an employee benefit, allowing loans to cover medical costs. The service operates in the fintech sector, with applications and loan disbursements processed fully online to support employer-provided perks.
Who are the top competitors of medZERO?
medZERO's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does medZERO offer?
medZERO offers medZERO Spending Account and Fertility Advantage.
Who are medZERO's investors?
medZERO has 3 investors. Key investors include True Ventures, Village Global, and Grand Ventures.