About SamaCare
SamaCare is a company based in San Francisco (United States) founded in 2010 by Syam Palakurthy.. SamaCare has raised $34.8 million across 4 funding rounds from investors including Questa Capital, Vive and South Park Commons. The company has 34 employees as of December 31, 2022. SamaCare offers products and services including SamaCare Platform and EMR Integration Tool. SamaCare operates in a competitive market with competitors including NantHealth, CoverMyMeds, TurningPoint Healthcare Solutions, Cohere Health and OncoHealth, among others.
- Headquarter San Francisco, United States
- Employees 34 as on 31 Dec, 2022
- Founders Syam Palakurthy
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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 Samacare, 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
$34.8 M (USD)
in 4 rounds
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Latest Funding Round
$17 M (USD), Series B
May 21, 2024
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Investors
Questa Capital
& 4 more
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Employee Count
34
as on Dec 31, 2022
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Products & Services of SamaCare
SamaCare offers a comprehensive portfolio of products and services, including SamaCare Platform and EMR Integration Tool. 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.
Automates submission, tracking, and management of medical prior authorizations.
Enables seamless import of patient data from various electronic medical records.
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Funding Insights of SamaCare
SamaCare has successfully raised a total of $34.8M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17 million completed in May 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 4
- Last Round Series B — $17.0M
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First Round
First Round
(16 May 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series B - SamaCare | Valuation | Questa Capital | |
| Jun, 2022 | Amount | Series A - SamaCare | Valuation | Vive | |
| Mar, 2021 | Amount | Series A - SamaCare | 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 SamaCare
SamaCare has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Questa Capital, Vive and South Park Commons. 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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Growth-stage VC and PE investments are directed across multiple sectors.
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Founded Year | Domain | Location | |
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Sector-agnostic incubation and venture capital are provided across multiple sectors.
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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 SamaCare
| 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 - SamaCare
| 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 |
Samacare Comparisons
Competitors of SamaCare
SamaCare 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 NantHealth, CoverMyMeds, TurningPoint Healthcare Solutions, Cohere Health and OncoHealth, 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 |
Bioinformatics platforms are provided for cancer treatment identification.
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| domain | founded_year | HQ Location |
Provides solutions for medication access, affordability, and prior authorization in healthcare.
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| domain | founded_year | HQ Location |
Provider of complex condition management solutions for health plans and providers
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| domain | founded_year | HQ Location |
Prior authorization solutions are provided to enhance patient care.
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| domain | founded_year | HQ Location |
OncoHealth is focused on delivering oncology-focused digital health solutions.
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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 Samacare
Frequently Asked Questions about SamaCare
When was SamaCare founded?
SamaCare was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is SamaCare located?
SamaCare is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of SamaCare?
Syam Palakurthy is the current CEO of SamaCare. They have also founded this company.
Is SamaCare a funded company?
SamaCare is a funded company, having raised a total of $34.8M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.73M, raised on May 16, 2019.
How many employees does SamaCare have?
As of Dec 31, 2022, the latest employee count at SamaCare is 34.
What does SamaCare do?
SamaCare was founded in 2010 and is headquartered in San Francisco, United States. A platform is provided by the company to handle prior authorization processes within the healthcare sector. An online tool is offered for practitioners to pre-authorize medical prescriptions, equipment, and treatment therapies with insurance providers. Coverage details for medicines and hospital billing are also viewable by patients and practitioners through the system.
Who are the top competitors of SamaCare?
SamaCare's top competitors include NantHealth, Glidian and OncoHealth.
What products or services does SamaCare offer?
SamaCare offers SamaCare Platform and EMR Integration Tool.
Who are SamaCare's investors?
SamaCare has 5 investors. Key investors include Questa Capital, Vive, South Park Commons, NextView Ventures, and Susa Ventures.
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