About Phynd
Phynd is a company based in Dallas (United States) founded in 2012 was acquired by Symplr in January 2021.. Phynd has raised $21.52 million across 5 funding rounds from investors including Bessemer Venture Partners, Symplr and Orlando Health. Phynd offers products and services including symplr Directory, symplr Payer, and symplr CVO. Phynd operates in a competitive market with competitors including Imprivata, Protenus, Datavant, Clearwave and Sentillion, among others.
- Headquarter Dallas, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.52 M (USD)
in 5 rounds
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Latest Funding Round
$10 M (USD), Series C
Feb 11, 2025
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Investors
Bessemer Venture Partners
& 9 more
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Employee Count
Employee Count
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Acquired by
Symplr
(Jan 25, 2021)
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Products & Services of Phynd
Phynd offers a comprehensive portfolio of products and services, including symplr Directory, symplr Payer, and symplr CVO. 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.
Centralizes provider data to enhance accuracy and operational efficiency.
Automates provider data workflows for health plans and compliance.
Handles verification and enrollment to speed up provider onboarding.
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Funding Insights of Phynd
Phynd has successfully raised a total of $21.52M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in February 2025. 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 5
- Last Round Series C — $10.0M
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First Round
First Round
(07 Feb 2013)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series C - Phynd | Valuation | Wellington | |
| Jan, 2019 | Amount | Series B - Phynd | Valuation | MemorialCare Innovation Fund , Dallas Venture Partners |
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| Dec, 2016 | Amount | Series A - Phynd | 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 Phynd
Phynd has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Symplr and Orlando 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 investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital services for biotech, IT, and innovative sectors in Connecticut.
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Founded Year | Domain | Location | |
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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 Phynd
| 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 - Phynd
| 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 |
Phynd Comparisons
Competitors of Phynd
Phynd 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 Imprivata, Protenus, Datavant, Clearwave and Sentillion, 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 |
Cloud-based authentication and secure communication solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
AI-based insider threat detection and prevention solutions for healthcare sector
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| domain | founded_year | HQ Location |
Secure patient data access is enabled through a healthcare platform.
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| domain | founded_year | HQ Location |
Clearwave is recognized as a leading patient revenue platform.
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| domain | founded_year | HQ Location |
Identity and access management solutions are provided for healthcare.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Phynd
Frequently Asked Questions about Phynd
When was Phynd founded?
Phynd was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Phynd located?
Phynd is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Is Phynd a funded company?
Phynd is a funded company, having raised a total of $21.52M across 5 funding rounds to date. The company's 1st funding round was a Series A of $250K, raised on Feb 07, 2013.
What does Phynd do?
Phynd was founded in 2012 in the healthcare IT sector. A unified provider management platform is offered to organizations for managing and sharing essential data across IT systems. Clinical outcomes and financial processes are supported through streamlined workflows and care coordination. The platform is utilized in over 74 hospitals. Headquarters are based in Kearney, Nebraska, with executive offices in Dallas, Texas, United States.
Who are the top competitors of Phynd?
What products or services does Phynd offer?
Phynd offers symplr Directory, symplr Payer, and symplr CVO.
Who are Phynd's investors?
Phynd has 10 investors. Key investors include Bessemer Venture Partners, Symplr, Orlando Health, Wellington, and Connecticut Innovations.
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