About Parachute Health
Parachute Health is a company based in New York (United States) founded in 2015.. Parachute Health has raised $15 million across 2 funding rounds from investors including Insight Partners, Dan Ahrens and Harley Miller. The company has 128 employees as of December 31, 2022. Parachute Health operates in a competitive market with competitors including Mobius Medical Systems, Matrix Requirements, ATLANTlCO Network, PingTraks and EUDAMED, among others.
- Headquarter New York, United States
- Employees 128 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 Parachute Health, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15 M (USD)
in 2 rounds
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Latest Funding Round
$9.5 M (USD), Series A
Jun 04, 2018
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Investors
Insight Partners
& 6 more
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Employee Count
128
as on Dec 31, 2022
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Funding Insights of Parachute Health
Parachute Health has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $9.5 million completed in June 2018. 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 2
- Last Round Series A — $9.5M
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First Round
First Round
(16 Mar 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series A - Parachute Health | Valuation | Dan Ahrens , Harley Miller | |
| Mar, 2018 | Amount | Seed - Parachute Health | 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 Parachute Health
Parachute Health has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Insight Partners, Dan Ahrens and Harley Miller. 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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Investment firm scaling software and technology companies from early to late stages.
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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 Parachute Health
| 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 - Parachute Health
| 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 |
Parachute Health Comparisons
Competitors of Parachute Health
Parachute Health 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 Mobius Medical Systems, Matrix Requirements, ATLANTlCO Network, PingTraks and EUDAMED, 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 |
Quality assurance software for radiation oncology is provided.
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| domain | founded_year | HQ Location |
Software for quality management systems is provided by Matrix Requirements.
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| domain | founded_year | HQ Location |
Decentralized platform for tracking healthcare drug prices is operated.
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| domain | founded_year | HQ Location |
Secures medical supply chains with monitoring, analytics, compliance, and risk tools.
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| domain | founded_year | HQ Location |
Provides EUDAMED software, consultancy, training, and support for medical device regulations.
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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 Parachute Health
Frequently Asked Questions about Parachute Health
When was Parachute Health founded?
Parachute Health was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Parachute Health located?
Parachute Health is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Parachute Health a funded company?
Parachute Health is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Mar 16, 2018.
How many employees does Parachute Health have?
As of Dec 31, 2022, the latest employee count at Parachute Health is 128.
What does Parachute Health do?
Parachute Health was founded in 2015 in New York, United States, within the healthcare technology sector. A digital platform is offered to hospitals and clinics for creating orders of durable medical equipment on behalf of patients. Insurance verification is conducted online to confirm patient demographics, coverage, and diagnoses, reducing billing errors with payers. Coordination between providers and partners is facilitated, including real-time status updates for order tracking.
Who are the top competitors of Parachute Health?
Parachute Health's top competitors include Matrix Requirements, Mobius Medical Systems and ATLANTlCO Network.
Who are Parachute Health's investors?
Parachute Health has 7 investors. Key investors include Insight Partners, Dan Ahrens, Harley Miller, GNYHA Ventures, and Anthony Welters.