About RxLive
RxLive is a company based in St. Petersburg (United States) founded in 2017 by Mark Engelen and Kristen Engelen.. RxLive has raised $8.64 million across 6 funding rounds from investors including Cardinal Health, NCPDP and Springtide Ventures. RxLive offers products and services including Telehealth Services, Software Platform, and Analytics Tools. RxLive operates in a competitive market with competitors including Hinge Health, Amwell, Ro, Accolade and Sharecare, among others.
- Headquarter St. Petersburg, United States
- Founders Mark Engelen, Kristen Engelen
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Rxlive, 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
$8.64 M (USD)
in 6 rounds
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Latest Funding Round
$150 K (USD), Grant
Jan 02, 2024
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Investors
Cardinal Health
& 4 more
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Employee Count
Employee Count
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Acquired by
(Sep 16, 2024)
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Products & Services of RxLive
RxLive offers a comprehensive portfolio of products and services, including Telehealth Services, Software Platform, and Analytics Tools. 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.
Manages complex medication for better patient outcomes and cost reduction.
Supports pharmacy teams in value-based practices for performance enhancement.
Provides insights for targeted pharmacist interventions and cost savings.
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Funding Insights of RxLive
RxLive has successfully raised a total of $8.64M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $150 thousand completed in January 2024. 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 6
- Last Round Grant — $150,000
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First Round
First Round
(21 Jun 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Grant - RxLive | Valuation |
investors |
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| Jul, 2022 | Amount | Series A - RxLive | Valuation | Springtide Ventures | |
| Apr, 2022 | Amount | Seed - RxLive | 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 RxLive
RxLive has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Cardinal Health, NCPDP and Springtide Ventures. 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 support is provided for innovative company growth.
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Founded Year | Domain | Location | |
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Startups in the insurance sector are accelerated by BrokerTech Ventures.
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Founded Year | Domain | Location | |
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Multiple healthcare products and services are provided to organizations.
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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 RxLive
| 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 - RxLive
| 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 |
Rxlive Comparisons
Competitors of RxLive
RxLive 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, Amwell, Ro, Accolade and Sharecare, 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 |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Telehealth solutions are provided for doctors and patients' consultations.
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| domain | founded_year | HQ Location |
Digital health services for men's wellness are offered by Ro.
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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 |
Cloud-based telemedicine consultations are offered 24/7 to patients nationwide.
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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 Rxlive
Frequently Asked Questions about RxLive
When was RxLive founded?
RxLive was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is RxLive located?
RxLive is headquartered in St. Petersburg, United States. It is registered at St. Petersburg, Florida, United States.
Who is the current CEO of RxLive?
Mark Engelen is the current CEO of RxLive. They have also founded this company.
Is RxLive a funded company?
RxLive is a funded company, having raised a total of $8.64M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.64M, raised on Jun 21, 2018.
What does RxLive do?
Founded in 2017 and based in St. Petersburg, United States, RxLive operates in the telehealth sector through a SaaS-based platform. Patients are enabled to access video counseling with pharmacists for clinical advice and medication adherence support. Employee health benefits tools, payment solutions, and teleconsultation services are also provided to facilitate connections among employees, patients, and doctors.
Who are the top competitors of RxLive?
RxLive's top competitors include Accolade, Hinge Health and Amwell.
What products or services does RxLive offer?
RxLive offers Telehealth Services, Software Platform, and Analytics Tools.
Who are RxLive's investors?
RxLive has 5 investors. Key investors include Cardinal Health, NCPDP, Springtide Ventures, Jackson Healthcare, and BrokerTech Ventures.