About Trover Solutions
Trover Solutions is a company based in Louisville (United States) founded in 1988 was acquired by Abry in December 2010.. The company has 773 employees as of December 31, 2016. Trover Solutions operates in a competitive market with competitors including Vitraya, UnitedHealthcare, CareGain, Gain Servicing and Red Sky Health, among others.
- Headquarter Louisville, United States
- Employees 773 as on 31 Dec, 2016
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Sectors
Healthcare
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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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Latest Funding Round
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Investors
Abry Partners
& 1 more
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Employee Count
773
as on Dec 31, 2016
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Acquired by
Abry
(Dec 28, 2010)
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Funding Insights of Trover Solutions
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2010 | Amount | Debt – Conventional - Trover Solutions | 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 Trover Solutions
Trover Solutions has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Abry Partners and NewStar Financial. 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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Abry Partners is engaged in middle market private equity investments.
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Founded Year | Domain | Location | |
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Financial services are provided by NewStar Financial in Boston.
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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 Trover Solutions
| 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 - Trover Solutions
| 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 |
Trover Solutions Comparisons
Competitors of Trover Solutions
Trover Solutions 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 Vitraya, UnitedHealthcare, CareGain, Gain Servicing and Red Sky Health, 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 |
Automated claims adjudication and settlement are provided for healthcare.
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| domain | founded_year | HQ Location |
Claims management software is provided for clinics by UnitedHealthcare.
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| domain | founded_year | HQ Location |
Consumer-directed healthcare accounts are administered via specialized software.
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| domain | founded_year | HQ Location |
Provider of AI-based reimbursement software for healthcare providers
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| domain | founded_year | HQ Location |
AI-powered platform to fix denied health insurance claims
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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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Frequently Asked Questions about Trover Solutions
When was Trover Solutions founded?
Trover Solutions was founded in 1988 and raised its 1st funding round 22 years after it was founded.
Where is Trover Solutions located?
Trover Solutions is headquartered in Louisville, United States. It is registered at Louisville, Kentucky, United States.
How many employees does Trover Solutions have?
As of Dec 31, 2016, the latest employee count at Trover Solutions is 773.
What does Trover Solutions do?
Trover Solutions was founded in 1988 in Louisville, United States. Subrogation, claims recovery, and cost containment services are offered to healthcare payers. Payment integrity is supported across the healthcare sector through specialized software and recovery processes. Operations focus on enabling accurate claim handling and reducing financial losses for payers in the United States.
Who are the top competitors of Trover Solutions?
Trover Solutions's top competitors include Vitraya, UnitedHealthcare and Red Sky Health.
Who are Trover Solutions's investors?
Trover Solutions has 2 investors. Key investors include Abry Partners, and NewStar Financial.