About Portico Systems
Portico Systems is a company based in Blue Bell (United States) founded in 1997 was acquired by McKesson in June 2011.. Portico Systems has raised $8.95 million across 4 funding rounds from investors including McKesson, Safeguard Scientifics and Main Line Equity Partners. Portico Systems operates in a competitive market with competitors including TriZetto, Transparent Health Marketplace, Quest Analytics, Avalon Healthcare Solutions and VIIAD Systems, among others.
- Headquarter Blue Bell, 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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- Legal Name Portico Systems, Llc
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Funding Insights of Portico Systems
Portico Systems has successfully raised a total of $8.95M across 4 strategic funding rounds. 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 Last Round
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First Round
First Round
(25 Feb 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2011 | Amount | Series B - Portico Systems | Valuation |
investors |
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| Jun, 2009 | Amount | Debt – Venture - Portico Systems | Valuation |
investors |
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| Apr, 2009 | Amount | Angel Round - Portico Systems | 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 Portico Systems
Portico Systems has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include McKesson, Safeguard Scientifics and Main Line Equity 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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Main Line Equity Partners is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America
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Founded Year | Domain | Location | |
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Venture capital firm investing in early and growth stage companies
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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 Portico Systems
| 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 - Portico Systems
| 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 |
Portico Systems Comparisons
Competitors of Portico Systems
Portico Systems 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 TriZetto, Transparent Health Marketplace, Quest Analytics, Avalon Healthcare Solutions and VIIAD Systems, 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 |
Software solutions for healthcare payers and providers are offered.
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| domain | founded_year | HQ Location |
Online marketplace for connecting healthcare payors and providers is operated.
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| domain | founded_year | HQ Location |
Cloud-based provider network management solutions are offered to payers.
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| domain | founded_year | HQ Location |
Laboratory benefits management platform for physicians, patients, and payers
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| domain | founded_year | HQ Location |
Provider of cloud-based solutions for streamlining complex network, plan and member information
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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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Frequently Asked Questions about Portico Systems
When was Portico Systems founded?
Portico Systems was founded in 1997 and raised its 1st funding round 11 years after it was founded.
Where is Portico Systems located?
Portico Systems is headquartered in Blue Bell, United States. It is registered at Blue Bell, Pennsylvania, United States.
Is Portico Systems a funded company?
Portico Systems is a funded company, having raised a total of $8.95M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $1.25M, raised on Feb 25, 2008.
What does Portico Systems do?
Portico Systems was founded in 1997 and is headquartered in Blue Bell, United States. Operations focus on the healthcare sector, where solutions are provided to health plans for managing provider networks. Processes such as physician contracting, enrollment, servicing, payment handling, and claims streamlining are automated. Administrative, medical, and IT costs are addressed through these services.
Who are the top competitors of Portico Systems?
Portico Systems's top competitors include Quest Analytics, Transparent Health Marketplace and TriZetto.
Who are Portico Systems's investors?
Portico Systems has 5 investors. Key investors include McKesson, Safeguard Scientifics, Main Line Equity Partners, MMV Financial, and Edison Partners.
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