About Memora Health
Memora Health is a company based in Boston (United States) founded in 2015 by Nisarg Patel, Kunaal Naik, and Manav Sevak was acquired by Commure in December 2024.. 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 as of December 31, 2022. Memora Health offers products and services including AI Platform, Remote Patient Monitoring, and Symptom Management. Memora Health operates in a competitive market with competitors including Verily, Wellframe, MD Revolution, Medlinker and AllyAlign, among others.
- Headquarter Boston, United States
- Employees 91 as on 31 Dec, 2022
- Founders Nisarg Patel, Kunaal Naik, Manav Sevak
-
Sectors
Healthcare
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Memora Health Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Memora Health
Memora Health offers a comprehensive portfolio of products and services, including AI Platform, Remote Patient Monitoring, and Symptom Management. 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.
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.
Unlock access to complete
Unlock access to complete
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 Total Funding
- Total Rounds 5
- Last Round Series B — $30.0M
-
First Round
First Round
(01 Jun 2017)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - Memora Health | Valuation | General Catalyst | |
| Feb, 2022 | Amount | Series B - Memora Health | Valuation | Transformation Capital | |
| May, 2021 | Amount | Series A - Memora Health | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Investment and transformation services for entrepreneurs in technology and finance sectors.
|
Founded Year | Domain | Location | |
|
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
|
Founded Year | Domain | Location | |
|
Healthcare startups are funded by this venture capital firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Memora Health
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Memora Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Memora Health Comparisons
Competitors of Memora Health
Memora Health 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 Verily, Wellframe, MD Revolution, Medlinker and AllyAlign, 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 |
AI-based solutions for health management are provided.
|
|
| domain | founded_year | HQ Location |
Mobile and AI-based platform offering support to providers for better patient engagement
|
|
| domain | founded_year | HQ Location |
Predictive analytics SaaS platform for patient engagement is provided.
|
|
| domain | founded_year | HQ Location |
Social networking for healthcare professionals is facilitated by Medlinker.
|
|
| domain | founded_year | HQ Location |
Cloud-based platform for long-term care coordination is provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Memora Health
Frequently Asked Questions about Memora Health
When was Memora Health founded?
Memora Health was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Memora Health located?
Memora Health is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Memora Health?
Manav Sevak is the current CEO of Memora Health. They have also founded this company.
Is Memora Health a funded 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 Series A of $10.5M, raised on Jun 01, 2017.
How many employees does Memora Health have?
As of Dec 31, 2022, the latest employee count at Memora Health is 91.
What does Memora Health do?
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.
Who are the top competitors of Memora Health?
What products or services does Memora Health offer?
Memora Health offers AI Platform, Remote Patient Monitoring, and Symptom Management.
Who are Memora Health's investors?
Memora Health has 18 investors. Key investors include Commure, Edward-Elmhurst Health, General Catalyst, Andreessen Horowitz, and Transformation Capital.