About Memora Health
Memora Health is a Healthcare company based in Boston (United States) founded in 2015 by Nisarg Patel, Kunaal Naik, and Manav Sevak, and was acquired by Commure in December 2024. Mobile messaging platform is utilized for chronic disease management. Memora Health has raised $80.65 million across 5 funding rounds from investors including Commure, Edward-Elmhurst Health and General Catalyst. The company has 91 employees. Its chief executive, as recorded, is Manav Sevak. Memora Health offers products and services including AI Platform, Remote Patient Monitoring, and Symptom Management. Its focus areas include HealthTech, Healthcare IT, Value Based Care and Care Coordination. Its legal entity is MEMORA HEALTH INC. Its competitors include Verily, Wellframe and MD Revolution; 3 of its 3 listed competitors have raised funding.
Company details
Memora Health is a digital health company developing an intelligent mobile messaging and analytics platform to improve chronic disease management. Hospitals and clinics can use the platform to automate the process of helping patients remember their medication and appointment schedules, improve self-care of chronic illnesses, and receive feedback from patients on their well-being through personalized text messages. Physicians can use the web-based analytics platform to personalize treatment plans based on patient feedback. Pharmaceutical companies can utilize the platform to run clinical trials and to get patient feedback on drug side-effects outside an isolated clinical setting.
- Headquarters Boston, United States
- Employees 91
- Founders Nisarg Patel, Kunaal Naik, Manav Sevak
- Stage Acquired
- SectorsHealthcare
- Website memorahealth.com
- Social LinkedIn X Facebook
- Acquired by Commure (Dec 2024)
- Legal Name Memora Health Inc.
Products & Services of Memora Health
Memora Health offers a comprehensive portfolio of products and services, including AI Platform, Remote Patient Monitoring, and Symptom Management.
Platform simplifies clinical workflows and automates patient monitoring.
Tool for tracking patient symptoms and adherence remotely.
System for handling and resolving patient inquiries via AI.
Funding Insights of Memora Health
Memora Health has successfully raised a total of $80.65M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in April 2023. 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 $80.65M
- Total Rounds 5
- Last Round Series B — $30M
- First Round $25,000
(Jun 2017)
- Investors Count 17
All 5 funding rounds of Memora Health with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2023 | $30M | Series B | – | General Catalyst | |
| Feb 2022 | $40M | Series B | – | Transformation Capital | |
| May 2021 | $10.5M | Series A | – | a16z | |
| Mar 2018 | $120,000 | Seed | – | – | |
| Jun 2017 | $25,000 | Seed | – | Rough Draft Ventures | – |
18 investors in total: 15 institutional and 3 angel.
Investors in Memora Health
Memora Health has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Commure, Edward-Elmhurst Health and General Catalyst.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and transformation services for entrepreneurs in technology and finance sectors. | generalcatalyst.com | |||
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Healthcare startups are funded by this venture capital firm. | transformcap.com | Boston, United States | ||
Healthcare sector investments are primarily managed by Frist Cressey Ventures. | fcventures.com | Nashville, United States | ||
Limited information is provided about Northwell Holdings and Ventures. | northwellventures.com | |||
Venture capital-backed accelerator focused on healthcare and multiple sectors. | alleycorp.com | New York, United States | ||
Early-stage tech focused VC firm investing in geographies such as the US | martinventures.com | Nashville, United States | ||
Venture capital firm investing in tech sectors | operatorpartners.com | New York, United States | ||
Multistage investments are directed toward technology, healthcare, and climate sectors. | b.capital | Manhattan Beach, United States |
Investor details for Memora Health
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Memora Health
80 people are tracked at Memora Health (29 in leadership, 6 in board & advisors, 45 in team); the tracked headcount is 91.
| Name | Role | Group |
|---|---|---|
Nisarg Patel | Co-Founder | Leadership |
Kunaal Naik | Co-Founder | Leadership |
Manav Sevak | Co-Founder & CEO | Leadership |
Jake Pellegrini | Director Of Operations | Leadership |
Thuy Ngo | Vp, Payer Operations | Leadership |
Vishnu Gettu | Head Of Partnerships | Leadership |
Corissa Y. | Senior People Business Partner | Leadership |
Umesh Phirke | Senior Director Of Software Engineering | Leadership |
Tanya McClure | Director, Legal Operations | Leadership |
Lorenza Ramírez Hoyos | Director Of Product Design | Leadership |
Deepika Bodapati | COO | Leadership |
Heather Vogel | Executive Business Partner To The CEO | Leadership |
Tanay Tandon | Chief Executive Officer | Leadership |
Giovanny Gutierrez | Senior Director, Architecture | Leadership |
Andrew Robertson | Sr Director, Technical Solutions | Leadership |
Dhruv Parthasarathy | CTO | Leadership |
Ash Bhat | Head Of R&d | Leadership |
Nagla Bahar | Chief Of Staff: Forward Deployed | Leadership |
Celeste Stephens | Director Of People | Leadership |
Brian Basiliere | VP Operations | Leadership |
60 more people are available in the full profile.
Complete people profiles for Memora Health
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Memora Health
4 dated milestones of Memora Health across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Memora Health is founded.
- Funding First funding round of $25K.
- Funding Latest funding round, Series B, of $30.0M.
- Exit Acquired by Commure.
Competitors of Memora Health
Memora Health has 3 listed competitors in our database, 3 of them funded. They include Verily, Wellframe and MD Revolution.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| verily.com | 2015 | Dallas, United States | $2.5B | AI-based solutions for health management are provided. | ||
| wellframe.com | 2011 | Boston, United States | $45.3M | 8 | Mobile and AI-based platform offering support to providers for better patient engagement | |
| mdrevolution.com | 2011 | Solana Beach, United States | $43.82M | 34 | Predictive analytics SaaS platform for patient engagement is provided. |
Detailed competitors of Memora Health
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Memora Health
The website of Memora Health (memorahealth.com) receives about 3.7K visits a month.
- Monthly visits3.7K
▲ 6.1% vs previous month
Websites whose visitors overlap most with Memora Health. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| generalcatalyst.com | 100% | #223,816 | View details |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Memora Health (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Memora Health
Complete news archive for Memora Health
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Frequently Asked Questions about Memora Health
Memora Health was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Memora Health is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Manav Sevak is the CEO of Memora Health, as recorded in our data. They have also founded this company.
Memora Health is a funded company, having raised a total of $80.65M across 5 funding rounds to date. The company's 1st funding round was a Seed of $25K, raised on Jun 2017.
Memora Health has 91 employees.
Memora Health is a digital health company developing an intelligent mobile messaging and analytics platform to improve chronic disease management. Hospitals and clinics can use the platform to automate the process of helping patients remember their medication and appointment schedules, improve self-care of chronic illnesses, and receive feedback from patients on their well-being through personalized text messages. Physicians can use the web-based analytics platform to personalize treatment plans based on patient feedback. Pharmaceutical companies can utilize the platform to run clinical trials and to get patient feedback on drug side-effects outside an isolated clinical setting.
Memora Health's top competitors include Verily, Wellframe and MD Revolution.
Memora Health offers AI Platform, Remote Patient Monitoring, and Symptom Management.
Memora Health has 18 investors. Key investors include Commure, Edward-Elmhurst Health, General Catalyst, Andreessen Horowitz, and Transformation Capital.
Memora Health operates through Memora Health Inc..
Yes. Memora Health was acquired by Commure in December 2024.