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
Locked
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Website
Locked
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Social
Locked
- Legal Name Par8o
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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 |
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Venture capital firm investing in life science and biotechnology sectors
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Venture capital firm focused on tech sectors
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Insurance provider
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Investor details for par8o
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Investments & Acquisitions by par8o
Investment portfolio details for par8o
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Financial Statements - par8o
Detailed financials for par8o
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Par8o Comparisons
Peer comparison for par8o
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Referral solutions for healthcare providers
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Remote consults are enabled between primary care physicians and specialists.
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Care coordination solutions are delivered to healthcare organizations.
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Cloud-based platform for healthcare referral management is provided.
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Cloud-based care coordination software is provided for healthcare professionals.
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Detailed competitors of par8o
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Latest news on Par8o
Complete news archive for 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.
As of Dec 31, 2022, the latest employee count at par8o is 23.
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 Refer Well.
par8o has 6 investors. Key investors include United Healthcare, Atlas Venture, Indiana University Health, Cloudmed, and Founder Collective.