About Palta
Palta is a company based in London (United Kingdom) founded in 2016 by Yuri Gurski, Alexey Gubarev, and Alexander Frolov. It operates as a HealthTech. Palta has raised $100 million across 1 funding round from investors including Target Global and Per Brilioth. Palta offers products and services including Flo, Simple, Zing Coach, and Prisma Labs. Palta operates in a competitive market with competitors including Medicus IT, Cognosante, Osana Salud, HealthMark Group and HCTec, among others.
- Headquarter London, United Kingdom
- Founders Yuri Gurski, Alexey Gubarev, Alexander Frolov
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Sectors
Healthcare
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Palta Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100 M (USD)
in 1 rounds
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Latest Funding Round
$100 M (USD), Series B
Aug 03, 2021
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Investors
Target Global
& 1 more
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Employee Count
Employee Count
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Products & Services of Palta
Palta offers a comprehensive portfolio of products and services, including Flo, Simple, Zing Coach, and Prisma Labs. 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.
Health and wellbeing improvement for women is targeted.
Personal health goals achievement is supported without restrictions.
AI-powered personal fitness training is made widely accessible.
Future of photo and video editing is developed.
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Funding Insights of Palta
Palta has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Series B round of $100 million completed in August 2021. 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 1
- Last Round Series B — $100.0M
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First Round
First Round
(03 Aug 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - Palta | Valuation | Per Brilioth |
| 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 Palta
Palta has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include Target Global and Per Brilioth. 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
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Founded Year | Domain | Location | |
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PB
Per Brilioth |
CEO of VNV Global, active angel investor in Indian startups
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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 Palta
| 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 - Palta
| 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 |
Palta Comparisons
Competitors of Palta
Palta 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 Medicus IT, Cognosante, Osana Salud, HealthMark Group and HCTec, 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 |
IT suite services are provided to the healthcare industry.
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| domain | founded_year | HQ Location |
Data science, IT tools, and infrastructure services are provided.
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| domain | founded_year | HQ Location |
Healthcare infrastructure services are delivered via API connections.
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| domain | founded_year | HQ Location |
Digital solutions for medical record release and audits are provided.
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| domain | founded_year | HQ Location |
IT and HIM resources are supplied to healthcare organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Palta
Frequently Asked Questions about Palta
When was Palta founded?
Palta was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Palta located?
Palta is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Palta?
Yuri Gurski is the current CEO of Palta. They have also founded this company.
Is Palta a funded company?
Palta is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Series B of $100M, raised on Aug 03, 2021.
What does Palta do?
Health and well-being technology products are created by Palta, focusing on global positive impact. Sectors such as digital wellness, fitness, and media editing are targeted. Solutions like Flo for womens health, Simple for personal health goals, Zing Coach for AI-powered fitness training, and Prisma Labs for photo and video editing are offered. Partnerships with founders and talent are established to transform ideas into impactful products.
Who are the top competitors of Palta?
Palta's top competitors include Cognosante, Medicus IT and Xylo Technologies.
What products or services does Palta offer?
Palta offers Flo, Simple, Zing Coach, and Prisma Labs.
Who are Palta's investors?
Palta has 2 investors. Key investors include Target Global, and Per Brilioth.