About Transcarent
Transcarent is a company based in San Francisco (United States) founded in 2018. Transcarent has raised $424 million across 4 funding rounds from investors including Intermountain Healthcare, Kleiner Perkins and Northwell. The company has 179 employees as of December 31, 2021. Transcarent has completed 2 acquisitions, including 98point6 and Accolade. Transcarent offers products and services including WayFinding, Transcarent Clinic, and Health Guides. Transcarent operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
- Headquarter San Francisco, United States
- Employees 179 as on 31 Dec, 2021
- Stage Unicorn
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Sectors
TechnologyHealthcare
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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
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$424 M (USD)
in 4 rounds
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Latest Funding Round
$126 M (USD), Series D
May 02, 2024
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Investors
Intermountain Healthcare
& 17 more
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Employee Count
179
as on Dec 31, 2021
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Investments & Acquisitions
98point6
& 1 more
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Products & Services of Transcarent
Transcarent offers a comprehensive portfolio of products and services, including WayFinding, Transcarent Clinic, and Health Guides.
AI-guided tool for health journey steps and benefits access
Provides 24/7 virtual clinical support and care delivery
Offers personalized advice on benefits and health needs
People of Transcarent
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Leadership Team
50 people
Software Development Team
46 people
Sales and Marketing
30 people
Senior Team
13 people
Operations Team
8 people
Finance and Accounting
7 people
Data Analysis and Operations Team
7 people
Client Team
3 people
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Funding Insights of Transcarent
Transcarent has successfully raised a total of $424M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $126 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.
Investors in Transcarent
Transcarent has secured backing from 18 investors, including venture fund and institutional investors. Prominent investors backing the company include Intermountain Healthcare, Kleiner Perkins and Northwell.
| Investor | Description | Founded Year | Domain | Location |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Tech focused early stage VC firm investing primarily in the US
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Growth-stage tech investments are targeted in the US and Japan.
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Investor details for Transcarent
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Investments & Acquisitions by Transcarent
Transcarent has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 98point6 and Accolade.
Investment portfolio details for Transcarent
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Digital platform offering virtual care experiences for providers and patients
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Employee health benefits are facilitated via a cloud-based platform.
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Complete acquisition details for Transcarent
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- Domains and locations
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Financial Statements - Transcarent
Detailed financials for Transcarent
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- Profit trends
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Transcarent Comparisons
Peer comparison for Transcarent
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Competitors of Transcarent
Transcarent 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, Practo, Accolade, Sharecare and Spendesk, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Virtual physical therapy and digital pain care solutions are provided.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Health and wellness social network for employees is provided.
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Provider of prepaid cards for financial benefits of employees
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Employee health and well-being solutions are delivered through a platform.
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Detailed competitors of Transcarent
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Latest news on Transcarent
Complete news archive for Transcarent
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- Full article archive
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- Older coverage
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Frequently Asked Questions about Transcarent
Transcarent was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Transcarent is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Glen Tullman is the current CEO of Transcarent.
Transcarent is a funded company, having raised a total of $424M across 4 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Transcarent is 179.
Transcarent was founded in 2018 in San Francisco, United States, as a provider of employee health benefits solutions within the healthcare sector. An AI-powered platform is utilized to guide users through healthcare navigation, including benefits management, clinical advice, and care coordination. Virtual and in-person care options are connected for various needs, such as mental health support, cancer treatment, and weight management services.
Transcarent's top competitors include Accolade, Hinge Health and Wellhub.
Transcarent offers WayFinding, Transcarent Clinic, and Health Guides.
Transcarent has 18 investors. Key investors include Intermountain Healthcare, Kleiner Perkins, Northwell, Rush University Medical Center, and Memorial Hermann.
The valuation of Transcarent is $1.62B as of Jan 2022.