About Oration
Oration is a Financial Services company based in Foster City (United States) founded in 2012, and was acquired by PokitDok in June 2017. Cloud-based benefit administration and health insurance are provided for employers. It operates in the Financial Services, Technology, and Healthcare sectors. Oration has raised $12.2 million across 2 funding rounds from investors including PokitDok, Arsenal Growth Equity and DFJ. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Health Benefits. Its legal entity is Oration, Inc. Its competitors include Hinge Health, Accolade and Sharecare; 3 of its 3 listed competitors have raised funding.
Company details
Oration was founded in 2012 and is headquartered in Foster City, United States. Operations focus on the healthcare sector, where cloud-based platforms are utilized for benefit administration and health insurance tailored to large self-insured employers and state payers such as Medicaid. Healthcare management is facilitated through these tools, with algorithms employed to identify prescription savings and automation applied to secure those reductions for employees.
- Headquarters Foster City, United States
- Stage Acquired
- SectorsFinancial ServicesTechnology Healthcare
- Website oration.com
- Social LinkedIn
- Acquired by PokitDok (Jun 2017)
- Legal Name Oration, Inc
Funding Insights of Oration
Oration has successfully raised a total of $12.2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11.2 million completed in December 2015. 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 $12.2M
- Total Rounds 2
- Last Round Series A — $11.2M
- First Round $1M
(Jun 2014)
- Investors Count 8
All 2 funding rounds of Oration 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 |
|---|---|---|---|---|---|
| Dec 2015 | $11.2M | Series A | – | DFJ | |
| Jun 2014 | $1M | Angel Round | – | – |
9 investors in total: 9 institutional.
Investors in Oration
Oration has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include PokitDok, Arsenal Growth Equity and DFJ.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused VC firm | dfj.com | Menlo Park, United States | ||
Corporate backed venture capital fund investing in multiple sectors | gv.com | Mountain View, United States | ||
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
VC firm investing in seed stage tech companies in the US | chicagoventures.com | Chicago, United States | ||
Venture capital firm focused on multiple sectors | dcvc.com | Palo Alto, United States | ||
Early-stage US tech startups are invested in by Work-Bench. | work-bench.com | New York, United States | ||
Angel Network for Silicon Valley based companies | tieangels.com | Santa Clara, United States | ||
US focused VC firm | 2003 | arsenalgrowth.com | Winter Park, United States | |
Price transparent marketplace for healthcare services | 2011 | pokitdok.com | San Mateo, United States |
Investor details for Oration
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Timeline of Oration
4 dated milestones of Oration across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Oration is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A, of $11.2M.
- Exit Acquired by PokitDok.
Competitors of Oration
Oration has 3 listed competitors in our database, 3 of them funded. They include Hinge Health, Accolade and Sharecare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | Employee health benefits are facilitated via a cloud-based platform. | ||
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. |
Detailed competitors of Oration
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Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Oration (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about Oration
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Frequently Asked Questions about Oration
Oration was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Oration is headquartered in Foster City, United States. It is registered at Foster City, California, United States.
Oration is a funded company, having raised a total of $12.2M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $1M, raised on Jun 2014.
Oration was founded in 2012 and is headquartered in Foster City, United States. Operations focus on the healthcare sector, where cloud-based platforms are utilized for benefit administration and health insurance tailored to large self-insured employers and state payers such as Medicaid. Healthcare management is facilitated through these tools, with algorithms employed to identify prescription savings and automation applied to secure those reductions for employees.
Oration's top competitors include Accolade, Hinge Health and Sharecare.
Oration has 9 investors. Key investors include PokitDok, Arsenal Growth Equity, DFJ, Google Ventures, and Andreessen Horowitz.
Oration operates through Oration, Inc.
Yes. Oration was acquired by PokitDok in June 2017.