About par8o
par8o is a company based in Newton (United States) founded in 2011 was acquired by Cloudmed in December 2021.. 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 as of December 31, 2022. par8o operates in a competitive market with competitors including eHealth Technologies, RubiconMD, Clarity Health, Refer Well and CrossTx, among others.
- Headquarter Newton, United States
- Employees 23 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Par8o
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.5 M (USD)
in 3 rounds
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Latest Funding Round
$3 M (USD), Series A
Oct 08, 2015
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Investors
United Healthcare
& 5 more
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Employee Count
23
as on Dec 31, 2022
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Acquired by
Cloudmed
(Dec 15, 2021)
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $3.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series A - par8o | Valuation |
investors |
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| Jan, 2015 | Amount | Series A - par8o | Valuation | Atlas Venture , Founder Collective |
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| Oct, 2013 | Amount | Seed - par8o | Valuation |
investors |
| 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 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. 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 investing in life science and biotechnology sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Insurance provider
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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 par8o
| 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 - par8o
| 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 |
Par8o Comparisons
Competitors of par8o
par8o 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 eHealth Technologies, RubiconMD, Clarity Health, Refer Well and CrossTx, 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 |
Referral solutions for healthcare providers
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| domain | founded_year | HQ Location |
Remote consults are enabled between primary care physicians and specialists.
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| domain | founded_year | HQ Location |
Care coordination solutions are delivered to healthcare organizations.
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| domain | founded_year | HQ Location |
Cloud-based platform for healthcare referral management is provided.
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| domain | founded_year | HQ Location |
Cloud-based care coordination software is provided for healthcare professionals.
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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 Par8o
Frequently Asked Questions about par8o
When was par8o founded?
par8o was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is par8o located?
par8o is headquartered in Newton, United States. It is registered at Newton, Massachusetts, United States.
Is par8o a funded company?
par8o is a funded company, having raised a total of $13.5M across 3 funding rounds to date.
How many employees does par8o have?
As of Dec 31, 2022, the latest employee count at par8o is 23.
What does par8o do?
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.
Who are the top competitors of par8o?
par8o's top competitors include eHealth Technologies, RubiconMD and Refer Well.
Who are par8o's investors?
par8o has 6 investors. Key investors include United Healthcare, Atlas Venture, Indiana University Health, Cloudmed, and Founder Collective.
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