About Somatus
Somatus is a company based in Dunn Loring (United States) founded in 2015 by Anthony Welters and Ikenna Okezie.. Somatus has raised $465.12 million across 5 funding rounds from investors including Fidelity Investments, Elevance Health and Inova. The company has 1,288 employees as of December 31, 2022. Somatus has completed 1 acquisition, including Lumiata. Somatus offers products and services including Patient Portal and Our Centers. Somatus operates in a competitive market with competitors including Strive Health, Accuryn, Canary Biosensors and Nephro-Tech, among others.
- Headquarter Dunn Loring, United States
- Employees 1288 as on 31 Dec, 2022
- Founders Anthony Welters, Ikenna Okezie
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$465.12 M (USD)
in 5 rounds
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Latest Funding Round
$325 M (USD), Series E
Feb 25, 2022
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Investors
Fidelity Investments
& 11 more
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Employee Count
1288
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Somatus
Somatus offers a comprehensive portfolio of products and services, including Patient Portal and Our Centers. 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.
Online platform for patients to access and manage health resources.
Physical locations offering hands-on health assistance and support.
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Leadership Team
23 people
Operations Team
20 people
Software Development Team
20 people
Product Management Team
12 people
Finance and Accounting
7 people
Registered Team
4 people
RN Team
4 people
Human Resources and Administration
4 people
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Funding Insights of Somatus
Somatus has successfully raised a total of $465.12M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $325 million completed in February 2022. 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 5
- Last Round Series E — $325.0M
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First Round
First Round
(20 Apr 2017)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series E - Somatus | Valuation | Wellington | |
| Jun, 2021 | Amount | Series C - Somatus | Valuation |
investors |
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| May, 2020 | Amount | Series C - Somatus | Valuation | Optum Ventures , Longitude Capital |
| 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 Somatus
Somatus has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Fidelity Investments, Elevance Health and Inova. 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 tech and offline focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Private equity firm focused on life science sector
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Founded Year | Domain | Location | |
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Healthcare ecosystem is supported through investment and innovation by Deerfield.
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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 Somatus
Somatus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lumiata. 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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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI platform for patient care optimization in healthcare is provided.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Somatus
| 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 |
Somatus Comparisons
Competitors of Somatus
Somatus 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 Strive Health, Accuryn, Canary Biosensors and Nephro-Tech, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Value-based kidney care solutions are delivered for chronic disease patients.
|
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| domain | founded_year | HQ Location |
Develops innovative diagnostic tools for monitoring acute kidney injury.
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| domain | founded_year | HQ Location |
AI-based platform for kidney care with remote monitoring solutions.
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Provides free app for renal patients to manage medications and therapy.
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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 Somatus
Frequently Asked Questions about Somatus
When was Somatus founded?
Somatus was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Somatus located?
Somatus is headquartered in Dunn Loring, United States. It is registered at Dunn Loring, Virginia, United States.
Who is the current CEO of Somatus?
Ikenna Okezie is the current CEO of Somatus. They have also founded this company.
Is Somatus a funded company?
Somatus is a funded company, having raised a total of $465.12M across 5 funding rounds to date. The company's 1st funding round was a Series C of $64M, raised on Apr 20, 2017.
How many employees does Somatus have?
As of Dec 31, 2022, the latest employee count at Somatus is 1,288.
What does Somatus do?
Software enabled concierge services company to help manage chronic kidney disease. It helps eligible patients access home-based dialysis modalities which improve their outcomes and maximize the number of patients who qualify for and receive kidney transplantation. Their software can be used by physicians to delay disease progression and manage overall quality of CKD and ESRD patients.
Who are the top competitors of Somatus?
Somatus's top competitors include Strive Health, Accuryn and Canary Biosensors.
What products or services does Somatus offer?
Somatus offers Patient Portal and Our Centers.
How many acquisitions has Somatus made?
Somatus has made 1 acquisition, including Lumiata.
Who are Somatus's investors?
Somatus has 12 investors. Key investors include Fidelity Investments, Elevance Health, Inova, RA Capital, and Optum Ventures.