About Propeller Health
Propeller Health is a company based in Madison (United States) founded in 2010 was acquired by ResMed in December 2018.. Propeller Health has raised $69.01 million across 7 funding rounds from investors including 3M, ResMed and Social Capital. The company has 119 employees as of December 31, 2020. Propeller Health operates in a competitive market with competitors including Tyto Care, Edwards Lifesciences, BioIntelliSense, NuvoAir and Endotronix, among others.
- Headquarter Madison, United States
- Employees 119 as on 31 Dec, 2020
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Sectors
TechnologyHealthcare
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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 Propeller Resources Llc
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Software Development Team
169 people
Sales and Marketing
79 people
Senior Team
54 people
Leadership Team
54 people
Human Resources and Administration
46 people
Data Analysis and Operations Team
38 people
Product Management Team
35 people
Finance and Accounting
28 people
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Funding Insights of Propeller Health
Propeller Health has successfully raised a total of $69.01M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $20 million completed in May 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 7
- Last Round Series C — $20.0M
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First Round
First Round
(25 Jun 2012)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series C - Propeller Health | Valuation | Aptar | |
| Oct, 2016 | Amount | Series C - Propeller Health | Valuation | 3M , SR One | |
| Sep, 2014 | Amount | Series B - Propeller Health | Valuation | Safeguard Scientifics |
| 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 Propeller Health
Propeller Health has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include 3M, ResMed and Social Capital. 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 firm investing in early and growth stage companies
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Founded Year | Domain | Location | |
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US focused VC firm investing in seed & growth stage companies
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Founded Year | Domain | Location | |
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Hikma Ventures is focused on digital health investments.
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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 Propeller 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 - Propeller 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 |
Propeller Health Comparisons
Competitors of Propeller Health
Propeller 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 Tyto Care, Edwards Lifesciences, BioIntelliSense, NuvoAir and Endotronix, 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 |
Medical consultations are facilitated via self-exams and remote diagnostic devices.
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| domain | founded_year | HQ Location |
Medical devices for structural heart disease are developed and provided.
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| domain | founded_year | HQ Location |
Vital signs are monitored via a single-use patch and platform.
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| domain | founded_year | HQ Location |
Clinical decision support tools for respiratory diseases are provided.
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| domain | founded_year | HQ Location |
Miniaturized wireless implantable sensors are developed for hemodynamic monitoring.
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| domain | founded_year | HQ Location |
Provider of smart solutions for monitoring heart rate, weight, and blood pressure
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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 Propeller Health
Frequently Asked Questions about Propeller Health
When was Propeller Health founded?
Propeller Health was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Propeller Health located?
Propeller Health is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
Is Propeller Health a funded company?
Propeller Health is a funded company, having raised a total of $69.01M across 7 funding rounds to date. The company's 1st funding round was a Series B of $14.5M, raised on Jun 25, 2012.
How many employees does Propeller Health have?
As of Dec 31, 2020, the latest employee count at Propeller Health is 119.
What does Propeller Health do?
Propeller Health was founded in 2010 in Madison, United States, within the health technology sector. A sensor is attached to inhalers to record medication usage times and locations. Data collected supports continuous disease assessments for patients. Personalized guidance and education are provided via an online platform, emails, and text messages to address symptom patterns and medication adherence.
Who are the top competitors of Propeller Health?
Propeller Health's top competitors include Tyto Care, Endotronix and Athelas.
Who are Propeller Health's investors?
Propeller Health has 9 investors. Key investors include 3M, ResMed, Social Capital, Aptar, and California Health Care Foundation.