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
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Net Profit
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EBITDA
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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. 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.
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
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $126.0M
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First Round
First Round
(22 Oct 2020)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series D - Transcarent | Valuation | General Catalyst , 7wire Ventures | |
| Jan, 2022 | Amount | Series C - Transcarent | Valuation | Kinnevik , Human Capital | |
| Jun, 2021 | Amount | Series B - Transcarent | Valuation | General Catalyst , 7wire Ventures |
| 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 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. 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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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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Growth-stage tech investments are targeted in the US and Japan.
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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 Transcarent
Transcarent has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 98point6 and Accolade. 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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Digital platform offering virtual care experiences for providers and patients
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2015 | ||||
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Employee health benefits are facilitated via a cloud-based platform.
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2007 |
| 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 - Transcarent
| 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 |
Transcarent Comparisons
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. 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 |
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 |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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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 Transcarent
Frequently Asked Questions about Transcarent
When was Transcarent founded?
Transcarent was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Transcarent located?
Transcarent is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Transcarent?
Glen Tullman is the current CEO of Transcarent.
Is Transcarent a funded company?
Transcarent is a funded company, having raised a total of $424M across 4 funding rounds to date. The company's 1st funding round was a Series B of $58M, raised on Oct 22, 2020.
How many employees does Transcarent have?
As of Dec 31, 2021, the latest employee count at Transcarent is 179.
What does Transcarent do?
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.
Who are the top competitors of Transcarent?
Transcarent's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does Transcarent offer?
Transcarent offers WayFinding, Transcarent Clinic, and Health Guides.
How many acquisitions has Transcarent made?
Who are Transcarent's investors?
Transcarent has 18 investors. Key investors include Intermountain Healthcare, Kleiner Perkins, Northwell, Rush University Medical Center, and Memorial Hermann.
What is Transcarent's valuation?
The valuation of Transcarent is $1.62B as of Jan 2022.
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