About simplifyMD
simplifyMD is a company based in Alpharetta (United States) founded in 2008 was acquired by Azalea Health in July 2014.. simplifyMD has raised $6.53 million across 4 funding rounds from investors including Azalea Health and Intersouth Partners. simplifyMD operates in a competitive market with competitors including Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and Medsphere Systems, among others.
- Headquarter Alpharetta, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Simplifymd, 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
$6.53 M (USD)
in 4 rounds
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Latest Funding Round
$500 K (USD), Series A
May 08, 2014
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Investors
Azalea Health
& 1 more
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Employee Count
Employee Count
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Acquired by
Azalea Health
(Jul 22, 2014)
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Funding Insights of simplifyMD
simplifyMD has successfully raised a total of $6.53M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $500 thousand completed in May 2014. 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 A — $500,000
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First Round
First Round
(02 Aug 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2014 | Amount | Series A - simplifyMD | Valuation |
investors |
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| May, 2013 | Amount | Series A - simplifyMD | Valuation |
investors |
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| Nov, 2011 | Amount | Series A - simplifyMD | Valuation | Intersouth Partners |
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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 simplifyMD
simplifyMD has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Azalea Health and Intersouth 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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Early-stage life sciences and tech focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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EHR Platform with integrated Telehealth, Mobile health and RCM solutions for healthcare providers
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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 simplifyMD
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - simplifyMD
| 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 |
Simplifymd Comparisons
Competitors of simplifyMD
simplifyMD 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 Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and Medsphere 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 |
AI-driven EMR and practice management software is delivered for clinics.
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| domain | founded_year | HQ Location |
Cloud-based EHR system is provided for physicians' practices.
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| domain | founded_year | HQ Location |
Cloud-based oncology management tools are provided for cancer care providers.
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| domain | founded_year | HQ Location |
SaaS-based practice management solution is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
Open-source healthcare software is provided by Medsphere Systems.
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| domain | founded_year | HQ Location |
Cloud-based software for dental practice management is developed.
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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 Simplifymd
Frequently Asked Questions about simplifyMD
When was simplifyMD founded?
simplifyMD was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is simplifyMD located?
simplifyMD is headquartered in Alpharetta, United States. It is registered at Alpharetta, Georgia, United States.
Is simplifyMD a funded company?
simplifyMD is a funded company, having raised a total of $6.53M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.05M, raised on Aug 02, 2010.
What does simplifyMD do?
simplifyMD was founded in 2008 in Alpharetta, United States, as a provider of healthcare software solutions. Electronic health records, practice management, and medical billing services are delivered through the simpleSUITE platform, which supports multiple medical specialties by replicating chart structures, incorporating forms, and maintaining established workflows. The company was acquired by Azalea Health in July 2014, integrating its offerings into broader cloud-based healthcare services.
Who are the top competitors of simplifyMD?
simplifyMD's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
Who are simplifyMD's investors?
simplifyMD has 2 investors. Key investors include Azalea Health, and Intersouth Partners.