About Spencer Health Solutions
Spencer Health Solutions is a company based in Morrisville (United States) founded in 2015 by Tom Rhoads.. Spencer Health Solutions has raised $44.83 million across 5 funding rounds. Spencer Health Solutions offers products and services including Spencer Smart Dispenser and Data-Driven Platform. Spencer Health Solutions operates in a competitive market with competitors including Wellth, Cureatr, Phil, Capsa Healthcare and Proteus Digital Health, among others.
- Headquarter Morrisville, United States
- Founders Tom Rhoads
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Sectors
HealthcareTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Spencer Health Solutions, 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
$44.83 M (USD)
in 5 rounds
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Latest Funding Round
$5.14 M (USD), Debt – Conventional
Oct 10, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Spencer Health Solutions
Spencer Health Solutions offers a comprehensive portfolio of products and services, including Spencer Smart Dispenser and Data-Driven Platform. 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 dispensing and tracks adherence for better health outcomes
Provides real-time insights on medication patterns and patient engagement
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Funding Insights of Spencer Health Solutions
Spencer Health Solutions has successfully raised a total of $44.83M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5.14 million completed in October 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 5
- Last Round Debt – Conventional — $5.1M
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First Round
First Round
(14 Apr 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2024 | Amount | Debt – Conventional - Spencer Health Solutions | Valuation |
investors |
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| Aug, 2023 | Amount | Series D - Spencer Health Solutions | Valuation |
investors |
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| May, 2023 | Amount | Debt – Conventional - Spencer Health Solutions | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Spencer Health Solutions
| 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 - Spencer Health Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Spencer Health Solutions Comparisons
Competitors of Spencer Health Solutions
Spencer Health Solutions 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 Wellth, Cureatr, Phil, Capsa Healthcare and Proteus Digital Health, 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 |
Provides AI and cloud-based platform for doctors for patient engagement and care
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| domain | founded_year | HQ Location |
Cloud-based medication management software is provided for healthcare providers.
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| domain | founded_year | HQ Location |
Prescription drugs refill management solutions
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| domain | founded_year | HQ Location |
Medication management systems are supplied to healthcare providers and pharmacies.
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| domain | founded_year | HQ Location |
Cloud-based medication adherence monitoring is provided for healthcare providers.
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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 Spencer Health Solutions
Frequently Asked Questions about Spencer Health Solutions
When was Spencer Health Solutions founded?
Spencer Health Solutions was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Spencer Health Solutions located?
Spencer Health Solutions is headquartered in Morrisville, United States.
Who is the current CEO of Spencer Health Solutions?
Tom Rhoads is the current CEO of Spencer Health Solutions. They have also founded this company.
Is Spencer Health Solutions a funded company?
Spencer Health Solutions is a funded company, having raised a total of $44.83M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $6M, raised on Apr 14, 2021.
What does Spencer Health Solutions do?
Spencer Health Solutions is a provider of devices and apps for medication adherence. It gives vibration reminders and a medicalemergency alert system. The device syncs with its companion mobile application. Also allows users to scan and receive medication chronology and dosage information. Features include patient-reported outcomes collection, real-time insights, telehealth connections others. The company also offers an app for tracking and managing medication dosage and adherence for patients and caregivers. It also provides solutions for patient engagement like it allows patients to answer health status questions by touch screen.
Who are the top competitors of Spencer Health Solutions?
Spencer Health Solutions's top competitors include Wellth, Phil and Capsa Healthcare.
What products or services does Spencer Health Solutions offer?
Spencer Health Solutions offers Spencer Smart Dispenser and Data-Driven Platform.
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