About Nitra
Nitra is a company based in New York (United States) founded in 2021 by Tim Hwang.. Nitra has raised $62 million across 2 funding rounds from investors including KB Financial Group, Dunamu and Gold House. Nitra offers products and services including Practice Expense Card, Expense Management, Accounts Payable, and Accounting Automation. Nitra operates in a competitive market with competitors including Conta Simples, AppZen, Jenji, Mendel and TailorMed, among others.
- Headquarter New York, United States
- Founders Tim Hwang
-
Sectors
HealthcareTechnology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Nitra, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$62 M (USD)
in 2 rounds
-
Latest Funding Round
$62 M (USD), Seed
Aug 23, 2022
-
Investors
KB Financial Group
& 17 more
-
Employee Count
Employee Count
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 Nitra
Nitra offers a comprehensive portfolio of products and services, including Practice Expense Card, Expense Management, Accounts Payable, and Accounting Automation. 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 cashback on medical supplies for practice expenses.
Automates tracking and fraud protection for business expenditures.
Streamlines vendor payments and receipt matching processes.
Integrates with software to speed up bookkeeping tasks.
Unlock access to complete
Unlock access to complete
Funding Insights of Nitra
Nitra has successfully raised a total of $62M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $62 million completed in August 2022. 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 Seed — $62.0M
- First Round First Round
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Debt – Conventional - Nitra | Valuation |
investors |
|
| Aug, 2022 | Amount | Seed - Nitra | Valuation | a16z , New Enterprise Associates |
|
| 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 Nitra
Nitra has secured backing from 18 investors, including venture fund and institutional investors. Prominent investors backing the company include KB Financial Group, Dunamu and Gold House. 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 |
|---|---|---|---|---|
|
Early-stage tech investments in the US are targeted by Coventure.
|
Founded Year | Domain | Location | |
|
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
|
Founded Year | Domain | Location | |
|
Venture capital investments are offered to startups by NEA.
|
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 Nitra
| 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 - Nitra
| 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 |
Nitra Comparisons
Competitors of Nitra
Nitra 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 Conta Simples, AppZen, Jenji, Mendel and TailorMed, 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 |
Digital bank for businesses
|
|
| domain | founded_year | HQ Location |
Personal Assistant for Expense Management
|
|
| domain | founded_year | HQ Location |
AI-based expense management software is offered for businesses.
|
|
| domain | founded_year | HQ Location |
Expense analysis and management solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Provider of a financial management solution for the providers to help their chronically ill patients manage their finances
|
|
| domain | founded_year | HQ Location |
Receipt management solutions are offered for digital banking apps.
|
| 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.
|
Frequently Asked Questions about Nitra
When was Nitra founded?
Nitra was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Nitra located?
Nitra is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Nitra?
Tim Hwang is the current CEO of Nitra. They have also founded this company.
Is Nitra a funded company?
Nitra is a funded company, having raised a total of $62M across 2 funding rounds to date.
What does Nitra do?
Nitra was founded in 2021 and is headquartered in New York, United States. A platform for financial management in healthcare is offered, targeting both patients and professionals. Tools for billing, payments, and related transactions are included in the services. Operations are conducted within the fintech sector for healthcare. Leadership roles are held by co-founders Tim Hwang as Co-CEO and Jonathan Chen as President. The domain nitra.com supports online access.
Who are the top competitors of Nitra?
Nitra's top competitors include Conta Simples, Brightflag and AppZen.
What products or services does Nitra offer?
Nitra offers Practice Expense Card, Expense Management, Accounts Payable, and Accounting Automation.
Who are Nitra's investors?
Nitra has 18 investors. Key investors include KB Financial Group, Dunamu, Gold House, Coventure, and Andreessen Horowitz.