About Tango Health
Tango Health is a company based in Austin (United States) founded in 2008 was acquired by Benefitfocus in November 2021.. Tango Health has raised $10.3 million across 4 funding rounds from investors including Benefitfocus, S3 Ventures and Mike Turner. The company has 36 employees as of December 31, 2022. Tango Health offers products and services including Benefits Administration, Billing & Payroll, Data & Analytics, and Employee Engagement. Tango Health operates in a competitive market with competitors including Hinge Health, Alight, Swile, Practo and Accolade, among others.
- Headquarter Austin, United States
- Employees 36 as on 31 Dec, 2022
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Sectors
Financial ServicesTechnology Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tango Health, 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
$10.3 M (USD)
in 4 rounds
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Latest Funding Round
$2.17 M (USD), Series B
Feb 04, 2015
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Investors
Benefitfocus
& 2 more
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Employee Count
36
as on Dec 31, 2022
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Acquired by
Benefitfocus
(Nov 17, 2021)
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Products & Services of Tango Health
Tango Health offers a comprehensive portfolio of products and services, including Benefits Administration, Billing & Payroll, Data & Analytics, and Employee Engagement. 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.
End-to-end platform for managing benefits programs and compliance.
Solutions for handling billing and payroll in benefits contexts.
Provides insights into health care and benefits data.
Tools for decision support and mobile app interactions.
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Funding Insights of Tango Health
Tango Health has successfully raised a total of $10.3M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $2.17 million completed in February 2015. 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 — $2.2M
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First Round
First Round
(11 Nov 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2015 | Amount | Series B - Tango Health | Valuation |
investors |
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| Jan, 2013 | Amount | Series B - Tango Health | Valuation |
investors |
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| Feb, 2012 | Amount | Series B - Tango Health | Valuation | S3 Ventures , Mike Turner |
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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 Tango Health
Tango Health has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Benefitfocus, S3 Ventures and Mike Turner. 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 investments are provided to Texas-based startups.
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Founded Year | Domain | Location | |
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MT
Mike Turner |
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Founded Year | Domain | Location |
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Cloud-based benefits administration platform is provided for insurance carriers.
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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 Tango Health
| 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 - Tango Health
| 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 |
Tango Health Comparisons
Competitors of Tango Health
Tango Health 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, Alight, Swile, Practo and Accolade, 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 |
Cloud-based HRMS solutions are offered for enterprise HR management.
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| domain | founded_year | HQ Location |
A card-linked wallet is provided for employee financial management.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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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 |
Employee benefit administration and payment solutions are provided for enterprises.
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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 Tango Health
Frequently Asked Questions about Tango Health
When was Tango Health founded?
Tango Health was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is Tango Health located?
Tango Health is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Tango Health a funded company?
Tango Health is a funded company, having raised a total of $10.3M across 4 funding rounds to date. The company's 1st funding round was a Series B of $4M, raised on Nov 11, 2010.
How many employees does Tango Health have?
As of Dec 31, 2022, the latest employee count at Tango Health is 36.
What does Tango Health do?
Tango Health provides SaaS-based online comparisons, educational information, and training to enable employees to make health plan choices. The company provides healthcare benefits optimization software and service solutions to large employers that are looking to increase the adoption of consumer-directed health plans. The companys web-based Health Savings Account (HSA) management platform helps employers and employees save health insurance premiums and reclaim the amount lost annually; to payroll and income taxes due to HSA under-use. The company provides healthcare benefits optimization software and service solutions to large employers that are looking to increase the adoption of consumer-directed health plans.
Who are the top competitors of Tango Health?
Tango Health's top competitors include Accolade, Hinge Health and Alight.
What products or services does Tango Health offer?
Tango Health offers Benefits Administration, Billing & Payroll, Data & Analytics, and Employee Engagement.
Who are Tango Health's investors?
Tango Health has 3 investors. Key investors include Benefitfocus, S3 Ventures, and Mike Turner.