About Picwell
Picwell is a company based in Philadelphia (United States) founded in 2012 was acquired by Jellyvision in January 2023.. Picwell has raised $14.03 million across 4 funding rounds from investors including MassMutual, MySpringfield and Jellyvision. The company has 18 employees as of March 31, 2022. Picwell offers products and services including ALEX and ALEX Medicare. Picwell operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Konfío, among others.
- Headquarter Philadelphia, United States
- Employees 18 as on 31 Mar, 2022
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Sectors
Financial ServicesTechnology 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 Picwell, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.03 M (USD)
in 4 rounds
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Latest Funding Round
$4 M (USD), Series B
Feb 20, 2018
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Investors
MassMutual
& 12 more
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Employee Count
18
as on Mar 31, 2022
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Acquired by
Jellyvision
(Jan 09, 2023)
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Products & Services of Picwell
Picwell offers a comprehensive portfolio of products and services, including ALEX and ALEX Medicare. 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.
Platform for hyper-personalized employee benefits selection and management
Tool for education and enrollment in Medicare plans
Unlock access to complete
Funding Insights of Picwell
Picwell has successfully raised a total of $14.03M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $4 million completed in February 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 4
- Last Round Series B — $4.0M
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First Round
First Round
(06 Jul 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Series B - Picwell | Valuation |
investors |
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| Jan, 2016 | Amount | Series A - Picwell | Valuation | BVF | |
| Dec, 2015 | Amount | Series A - Picwell | 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 Picwell
Picwell has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include MassMutual, MySpringfield and Jellyvision. 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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Funding is provided to healthcare startups by corporate-backed BVF.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Aflac Inc
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Founded Year | Domain | Location | |
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Early-stage US venture capital investments are made by Sandbox Industries.
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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 Picwell
| 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 - Picwell
| 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 |
Picwell Comparisons
Competitors of Picwell
Picwell 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 Hinge Health, Practo, Accolade, Sharecare and Konfío, 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 |
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| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Cloud-based employee benefits administration solutions are delivered.
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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 Picwell
Frequently Asked Questions about Picwell
When was Picwell founded?
Picwell was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Picwell located?
Picwell is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is Picwell a funded company?
Picwell is a funded company, having raised a total of $14.03M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.03M, raised on Jul 06, 2015.
How many employees does Picwell have?
As of Mar 31, 2022, the latest employee count at Picwell is 18.
What does Picwell do?
Picwell was founded in 2012 in Philadelphia, United States, within the health insurance technology sector. An online recommendation engine is operated to assist consumers in choosing health plans based on predictive analytics. Lifestyle, behavioral, financial data, and health claims are analyzed to forecast future healthcare needs. Businesses selling plans are connected to consumers, while employers are supported in offering plans that reduce costs.
Who are the top competitors of Picwell?
Picwell's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does Picwell offer?
Picwell offers ALEX and ALEX Medicare.
Who are Picwell's investors?
Picwell has 13 investors. Key investors include MassMutual, MySpringfield, Jellyvision, BVF, and Aflac Ventures.