About TransEngen
TransEngen is a company based in Shelton (United States) founded in 2006 was acquired by VirMedica in February 2015.. TransEngen has raised $10.5 million across 5 funding rounds from investors including VirMedica, Lemhi Ventures and Carlson Capital. The company has 13 employees as of December 31, 2014. TransEngen operates in a competitive market with competitors including Greenphire, Zelis Healthcare, Cedar, VisitPay and PayZen, among others.
- Headquarter Shelton, United States
- Employees 13 as on 31 Dec, 2014
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Sectors
HealthcareFinancial Services
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Phone
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Website
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Social
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Funding Insights of TransEngen
TransEngen has successfully raised a total of $10.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $2.5 million completed in August 2010. 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 C — $2.5M
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First Round
First Round
(01 Jan 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2010 | Amount | Series C - TransEngen | Valuation | Carlson Capital | |
| Jul, 2009 | Amount | Series C - TransEngen | Valuation |
investors |
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| Mar, 2008 | Amount | Series C - TransEngen | Valuation |
investors |
| 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 TransEngen
TransEngen has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include VirMedica, Lemhi Ventures and Carlson Capital. 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 focused on healthcare system transformation.
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Founded Year | Domain | Location | |
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Carlson Capital is engaged in alternative asset management services.
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Founded Year | Domain | Location | |
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Technology solutions for improving patient access to specialty pharmacy prodcuts
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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 TransEngen
| 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 - TransEngen
| 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 |
Transengen Comparisons
Competitors of TransEngen
TransEngen 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 Greenphire, Zelis Healthcare, Cedar, VisitPay and PayZen, 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 |
Clinical payment technology for patient transactions in research is provided.
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
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| domain | founded_year | HQ Location |
Cloud-based patient revenue management is delivered to healthcare providers.
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| domain | founded_year | HQ Location |
AI medical billing software for healthcare professionals and organizations
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| domain | founded_year | HQ Location |
Healthcare bill payments are facilitated for providers and patients.
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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 Transengen
Frequently Asked Questions about TransEngen
When was TransEngen founded?
TransEngen was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is TransEngen located?
TransEngen is headquartered in Shelton, United States. It is registered at Shelton, Washington, United States.
Is TransEngen a funded company?
TransEngen is a funded company, having raised a total of $10.5M across 5 funding rounds to date. The company's 1st funding round was a Series C of $4M, raised on Jan 01, 2007.
How many employees does TransEngen have?
As of Dec 31, 2014, the latest employee count at TransEngen is 13.
What does TransEngen do?
TransEngen was founded in 2006 and is based in Shelton, United States, where healthcare payment processing solutions are developed for providers. The company, previously known as TriHelix, integrates healthcare and financial transactions through its TransEngen engine. Its core platform, TIER4, is utilized for automating benefits verification in specialty products, facilitating communication between patients and providers, and delivering reporting to manufacturers. Acquisition by Virmedica occurred in February 2015.
Who are the top competitors of TransEngen?
TransEngen's top competitors include Greenphire, Cedar and PayZen.
Who are TransEngen's investors?
TransEngen has 3 investors. Key investors include VirMedica, Lemhi Ventures, and Carlson Capital.