About Rhapsody
Rhapsody is a company based in Boston (United States) founded in 2018 was acquired by Hg in October 2018. It operates as a SaaS (Software-as-a-Service), Professional Services, and HealthTech. Rhapsody has raised $13.22 million across 2 funding rounds from investors including Hg. Rhapsody has completed 2 acquisitions, including CareCom and NextGate. Rhapsody offers products and services including Digital Health Enablement Platform, Corepoint for Analysts, Rhapsody for Developers, Envoy Automated Integrations, and DICOM Automated Integrations. Rhapsody operates in a competitive market with competitors including Dedalus, Health Gorilla, Hart, Cambridge Soft and Famedly, among others.
- Headquarter Boston, United States
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Sectors
Healthcare
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Phone
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Website
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Products & Services of Rhapsody
Rhapsody offers a comprehensive portfolio of products and services, including Digital Health Enablement Platform, Corepoint for Analysts, Rhapsody for Developers, Envoy Automated Integrations, and DICOM Automated Integrations. 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 enabling interoperability for digital health solutions.
Integration tool designed for healthcare data analysts.
Development tool for healthcare data integration solutions.
Automated integration solution for healthcare data workflows.
Automated integration for medical imaging data exchange.
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Funding Insights of Rhapsody
Rhapsody has successfully raised a total of $13.22M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13.22 million completed in September 2023. 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 2
- Last Round Series A — $13.2M
- First Round First Round
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2023 | Amount | Series A - Rhapsody | Valuation |
investors |
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| Jan, 2022 | Amount | Seed - Rhapsody | 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 |
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Investors in Rhapsody
Rhapsody has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hg. 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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Private equity investments in Europe are managed by Hg.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Rhapsody
Rhapsody has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CareCom and NextGate. 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Radio-controlled models and hobby products are distributed wholesale.
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Cloud-based interoperability platform for healthcare data exchange is provided.
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Financial Statements - Rhapsody
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Rhapsody Comparisons
Competitors of Rhapsody
Rhapsody 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 Dedalus, Health Gorilla, Hart, Cambridge Soft and Famedly, 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 |
Advanced software solutions for healthcare interoperability are provided.
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Healthcare information network platform is provided for patient data access.
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Health data is integrated and accessed through a digital platform.
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Discovery and collaboration platforms for scientific industries are offered.
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A secure communication platform is provided for healthcare professionals.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rhapsody
Frequently Asked Questions about Rhapsody
When was Rhapsody founded?
Rhapsody was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Rhapsody located?
Rhapsody is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Rhapsody a funded company?
Rhapsody is a funded company, having raised a total of $13.22M across 2 funding rounds to date.
What does Rhapsody do?
Rhapsody is established as a leader in digital health interoperability, offering a platform that integrates healthcare data across various systems. Solutions provided by Rhapsody are utilized by payers, providers, health systems, and public health agencies in 31 countries. The companys technology foundation is built to support API, FHIR, and HL7 integration, enabling efficient EHR integration and scalable data exchange. Services are extended to ambulatory clinics, imaging centers, and labs, addressing challenges like cloud migration and Epic migration support. Innovation in healthcare is facilitated through automation tools and expert-led integration tasks, ensuring faster onboarding and revenue realization for clients.
Who are the top competitors of Rhapsody?
Rhapsody's top competitors include Dedalus, Health Gorilla and Famedly.
What products or services does Rhapsody offer?
Rhapsody offers Digital Health Enablement Platform, Corepoint for Analysts, Rhapsody for Developers, Envoy Automated Integrations, and DICOM Automated Integrations.
How many acquisitions has Rhapsody made?
Who are Rhapsody's investors?
Rhapsody has 1 investor. Key investors include Hg.
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