About Phreesia
Phreesia is a company based in New York (United States) founded in 2005. It operates as a SaaS (Software-as-a-Service), Managed Services, and HealthTech. Phreesia has raised $108.85 million across 9 funding rounds from investors including TimesSquare Capital Management, Echo Health Ventures and LLR Partners. The company has 2,080 employees as of January 31, 2024. Phreesia has completed 4 acquisitions, including AccessOne, Insignia Health and MediFind. Phreesia offers products and services including Patient Intake Software, Phreesia Network Solutions, and Phreesia Payer Solutions. Phreesia operates in a competitive market with competitors including LocalMed, dondoctor, Hygotech, bobbo and Knapsack Health, among others.
- Headquarter New York, United States
- Employees 2080 as on 31 Jan, 2024
- Stage Public
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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 Phreesia, Inc.
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Annual Revenue
$419.81 M17.83as on Jan 31, 2024
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Net Profit
$-58.53 M57.24as on Jan 31, 2024
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EBITDA
$-25.29 M75.41as on Jan 31, 2024
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Total Equity Funding
$108.85 M (USD)
in 9 rounds
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Latest Funding Round
$29.44 M (USD), Post-IPO
Nov 13, 2019
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Investors
TimesSquare Capital Management
& 10 more
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Employee Count
2080
as on Jan 31, 2024
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Investments & Acquisitions
AccessOne
& 3 more
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IPO & Listings of Phreesia
Phreesia is a publicly listed company on the NYSE with ticker symbol PHR in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Phreesia
Phreesia offers a comprehensive portfolio of products and services, including Patient Intake Software, Phreesia Network Solutions, and Phreesia Payer Solutions. 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.
Software for managing patient intake processes efficiently.
Solutions for informing decisions at care points.
Tools for actionable insights and risk stratification.
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Software Development Team
37 people
Sales and Marketing
34 people
Data Analysis and Operations Team
25 people
Leadership Team
21 people
Senior Team
14 people
Human Resources and Administration
13 people
Finance and Accounting
7 people
Devops Team
5 people
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Funding Insights of Phreesia
Phreesia has successfully raised a total of $108.85M across 9 strategic funding rounds. The most recent funding activity was a Post-IPO round of $29.44 million completed in November 2019. 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 9
- Last Round Post-IPO — $29.4M
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First Round
First Round
(14 Dec 2006)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Post-IPO - Phreesia | Valuation |
investors |
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| Jan, 2018 | Amount | Series F - Phreesia | Valuation | Echo Health Ventures | |
| Dec, 2017 | Amount | Series F - Phreesia | Valuation |
investors |
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| 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 Phreesia
Phreesia has secured backing from 11 investors, including venture fund investors. Prominent investors backing the company include TimesSquare Capital Management, Echo Health Ventures and LLR Partners. 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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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location | |
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Healthcare companies receive investments from Echo Health Ventures.
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Founded Year | Domain | Location | |
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Private equity firm investing in technology and healthcare businesses for growth capital.
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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 Phreesia
Phreesia has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AccessOne, Insignia Health and MediFind. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of an online hospital & doctor listing platform
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2020 | ||||
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Custom online health programs are developed using PAM surveys.
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2006 | ||||
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Patient healthcare payment solutions are processed for businesses.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Phreesia
| 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 |
Phreesia Comparisons
Competitors of Phreesia
Phreesia 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 LocalMed, dondoctor, Hygotech, bobbo and Knapsack Health, 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 |
Appointment management software is provided for dental practices.
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| domain | founded_year | HQ Location |
Online scheduling system for healthcare providers is offered.
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| domain | founded_year | HQ Location |
Cloud-based noncontact door openers are supplied for hospital use.
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| domain | founded_year | HQ Location |
AI platform for appointment booking and unscheduled consultations is offered.
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| domain | founded_year | HQ Location |
Provides high-quality web hosting with support and management tools.
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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 Phreesia
Frequently Asked Questions about Phreesia
When was Phreesia founded?
Phreesia was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Phreesia located?
Phreesia is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Phreesia?
Chaim Indig is the current CEO of Phreesia.
Is Phreesia a funded company?
Phreesia is a funded company, having raised a total of $108.85M across 9 funding rounds to date. The company's 1st funding round was a Series F of $34M, raised on Dec 14, 2006.
How many employees does Phreesia have?
As of Jan 31, 2024, the latest employee count at Phreesia is 2,080.
What is the annual revenue of Phreesia?
Annual revenue of Phreesia is $419.81M as on Jan 31, 2024.
What does Phreesia do?
Phreesia is engaged in delivering patient intake software solutions to healthcare organizations. The company operates within the health technology sector, focusing on streamlining registration, scheduling, and payment processes. Solutions are tailored for various specialties including cardiology, dermatology, and pediatrics. Tools for patient activation, data collection, and analytics are provided to improve outcomes and close care gaps. Services support health systems, multispecialty groups, and community health centers across the United States.
Who are the top competitors of Phreesia?
What products or services does Phreesia offer?
Phreesia offers Patient Intake Software, Phreesia Network Solutions, and Phreesia Payer Solutions.
Is Phreesia publicly traded?
Yes, Phreesia is publicly traded on NYSE under the ticker symbol PHR.
How many acquisitions has Phreesia made?
Phreesia has made 4 acquisitions, including AccessOne, Insignia Health, and MediFind.
Who are Phreesia's investors?
Phreesia has 11 investors. Key investors include TimesSquare Capital Management, Echo Health Ventures, LLR Partners, Ascension, and HLM Venture Partners.
What is Phreesia's ticker symbol?
The ticker symbol of Phreesia is PHR on NYSE.
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