About Turquoise
Turquoise is a company based in San Diego (United States) founded in 2020 by Chris Severn and Adam Geitgey.. Turquoise has raised $95 million across 4 funding rounds from investors including Bessemer Venture Partners, Adams Street Partners and Andreessen Horowitz. The company has 52 employees as of December 31, 2022. Turquoise operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
- Headquarter San Diego, United States
- Employees 52 as on 31 Dec, 2022
- Founders Chris Severn, Adam Geitgey
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Turquoise Health Co.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$95 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series C
Mar 17, 2026
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Investors
Bessemer Venture Partners
& 10 more
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Employee Count
52
as on Dec 31, 2022
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Funding Insights of Turquoise
Turquoise has successfully raised a total of $95M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in March 2026. 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 C — $40.0M
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First Round
First Round
(22 Jul 2021)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2026 | Amount | Series C - Turquoise | Valuation | Oak HC/FT | |
| Jan, 2024 | Amount | Series B - Turquoise | Valuation | Adams Street Partners | |
| May, 2022 | Amount | Series A - Turquoise | Valuation | a16z |
| 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 Turquoise
Turquoise has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Adams Street Partners and Andreessen Horowitz. 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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Private markets investment management with strategies in equity, credit, and secondary investments.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Investing in early-stage tech companies and ideas.
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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 Turquoise
| 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 - Turquoise
| 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 |
Turquoise Comparisons
Competitors of Turquoise
Turquoise 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 Turquoise
Frequently Asked Questions about Turquoise
When was Turquoise founded?
Turquoise was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Turquoise located?
Turquoise is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of Turquoise?
Chris Severn is the current CEO of Turquoise. They have also founded this company.
Is Turquoise a funded company?
Turquoise is a funded company, having raised a total of $95M across 4 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jul 22, 2021.
How many employees does Turquoise have?
As of Dec 31, 2022, the latest employee count at Turquoise is 52.
What does Turquoise do?
Online platform for employee health benefits. The company has designed an online platform that enlists prices of different medical expenses, insurances, and healthcare plans for patients, providers, and employees to browse through. Users can browse medical expenses based on a particular surgery. diagnosis, treatment, or medical organization. Payers can use the platform to let patients compare insurance rates and calculate estimates. Providers can benchmark rates against the market by comparing other rates, hospitals are allowed to patients browsing experience of services with prices on the platform, and employees can go through healthcare claims.
Who are the top competitors of Turquoise?
Turquoise's top competitors include Accolade, Hinge Health and Wellhub.
Who are Turquoise's investors?
Turquoise has 11 investors. Key investors include Bessemer Venture Partners, Adams Street Partners, Andreessen Horowitz, BoxGroup, and Yosemite.