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
-
Sectors
HealthcareFinancial Services
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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
-
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 |
|
| Mar, 2008 | Amount | Series C - TransEngen | 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments are focused on healthcare system transformation.
|
Founded Year | Domain | Location | |
|
Carlson Capital is engaged in alternative asset management services.
|
Founded Year | Domain | Location | |
|
Technology solutions for improving patient access to specialty pharmacy prodcuts
|
Founded Year | Domain | Location |
Investments & Acquisitions by TransEngen
Financial Statements - TransEngen
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Clinical payment technology for patient transactions in research is provided.
|
|
| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
|
|
| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
|
|
| domain | founded_year | HQ Location |
Cloud-based patient revenue management is delivered to healthcare providers.
|
|
| domain | founded_year | HQ Location |
AI medical billing software for healthcare professionals and organizations
|
|
| domain | founded_year | HQ Location |
Healthcare bill payments are facilitated for providers and patients.
|
Frequently Asked Questions about TransEngen
TransEngen was founded in 2006 and raised its 1st funding round 1 year after it was founded.
TransEngen is headquartered in Shelton, United States. It is registered at Shelton, Washington, United States.
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.
As of Dec 31, 2014, the latest employee count at TransEngen is 13.
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.
TransEngen's top competitors include Greenphire, Cedar and PayZen.
TransEngen has 3 investors. Key investors include VirMedica, Lemhi Ventures, and Carlson Capital.