About par8o
par8o is a Healthcare company based in Newton (United States) founded in 2011, and was acquired by Cloudmed in December 2021. Patient referrals are managed via cloud-based analytics and mobile alerts. par8o has raised $13.5 million across 3 funding rounds from investors including United Healthcare, Atlas Venture and Indiana University Health. The company has 23 employees. Its focus areas include HealthTech, Healthcare IT, Value Based Care and Care Coordination. Its competitors include eHealth Technologies, RubiconMD and Clarity Health; 3 of its 3 listed competitors have raised funding.
Company details
par8o is a cloud based platform that uses workflow analysis and real-time analytics to monitor payer and physician activity and then alert patients on their mobile devices about new appointments.par8o helps organizations match the right patient to the right resource at the right time. par8os Care Compass dashboard produces a selection of in-network specialists based on each patients insurance among other factors, which helps manage the cost of care. The specialists offices receive the referral and log their actions; this allows the referring PCP to know whether the patient has followed through on the recommended care plan, thus improving outcomes. The software provides real-time analytics to the sending provider, the receiving provider, as well as the organization that has deployed it. The company claims its platform helps reduce referral leakage and improve consumer experience.
- Total Equity Funding$13.5M (USD)
in 3 rounds
- Latest Funding Round$3M (USD), Series A
Oct 2015
- InvestorsUnited Healthcare
& 5 more
- Employee Count23
- Acquired byCloudmed
(Dec 2021)
Funding Insights of par8o
par8o has successfully raised a total of $13.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in October 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 $13.5M
- Total Rounds 3
- Last Round Series A — $3M
- Investors Count 5
All 3 funding rounds of par8o 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 |
|---|---|---|---|---|---|
| Oct 2015 | $3M | Series A | – | – | |
| Jan 2015 | $10.5M | Series A | – | Atlas Venture, Founder Collective | – |
| Oct 2013 | Seed | – | – |
6 investors in total: 6 institutional.
Investors in par8o
par8o has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include United Healthcare, Atlas Venture and Indiana University Health.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in life science and biotechnology sectors | 1980 | atlasventure.com | Cambridge, United States | |
Venture capital firm focused on tech sectors | foundercollective.com | Cambridge, United States | ||
Insurance provider | 1977 | uhc.com | Atlanta, United States | |
Healthcare services are delivered through hospitals in Indiana. | 1997 | iuhealth.org | Indianapolis, United States | |
Offers healthcare data analytics, tech platforms, and networks for providers and payers. | 1986 | allscripts.com | Chicago, United States | |
Revenue cycle management solutions are provided for healthcare organizations. | 2007 | cloudmed.com | Atlanta, United States |
Investor details for par8o
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Timeline of par8o
4 dated milestones of par8o across 10 years, from founding to its latest funding, stage changes and deals.
- Founded par8o is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $3.0M.
- Exit Acquired by Cloudmed.
Competitors of par8o
par8o has 3 listed competitors in our database, 3 of them funded. They include eHealth Technologies, RubiconMD and Clarity Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ehealthtechnologies.com | 2006 | West Henrietta, United States | $55M | 319 | Referral solutions for healthcare providers | |
| rubiconmd.com | 2013 | New York, United States | $37.85M | 62 | Remote consults are enabled between primary care physicians and specialists. | |
| clarityhealth.com | 2007 | Seattle, United States | $13.15M | 21 | Care coordination solutions are delivered to healthcare organizations. |
Detailed competitors of par8o
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- Full competitor set
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Web traffic of par8o
Websites that share an audience with par8o (par8o.com).
Websites whose visitors overlap most with par8o. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rxpads.com | 100% | #2,923,962 | View details | ||
| trizetto.com | 84% | 9K | #2,239,071 | View details | |
| healthgrades.com | 84% | 8.4M | #10,583 | View details | |
| walgreens.com | 67% | 62.9M | #449 | View details |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as par8o (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 Par8o
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Frequently Asked Questions about par8o
par8o was founded in 2011 and raised its 1st funding round 2 years after it was founded.
par8o is headquartered in Newton, United States. It is registered at Newton, Massachusetts, United States.
par8o is a funded company, having raised a total of $13.5M across 3 funding rounds to date.
par8o has 23 employees.
par8o is a cloud based platform that uses workflow analysis and real-time analytics to monitor payer and physician activity and then alert patients on their mobile devices about new appointments.par8o helps organizations match the right patient to the right resource at the right time. par8os Care Compass dashboard produces a selection of in-network specialists based on each patients insurance among other factors, which helps manage the cost of care. The specialists offices receive the referral and log their actions; this allows the referring PCP to know whether the patient has followed through on the recommended care plan, thus improving outcomes. The software provides real-time analytics to the sending provider, the receiving provider, as well as the organization that has deployed it. The company claims its platform helps reduce referral leakage and improve consumer experience.
par8o's top competitors include eHealth Technologies, RubiconMD and Clarity Health.
par8o has 6 investors. Key investors include United Healthcare, Atlas Venture, Indiana University Health, Cloudmed, and Founder Collective.
par8o operates through Par8o.
Yes. par8o was acquired by Cloudmed in December 2021.