About Updox
Updox is a company based in Dublin (United States) founded in 2008 was acquired by EverCommerce in December 2020.. Updox has raised $24.15 million across 7 funding rounds from investors including EverCommerce, Triple Tree and Rev1 Ventures. Updox offers products and services including eFax, Telehealth, Patient Portal, Appointment Reminders, and Charge Capture. Updox operates in a competitive market with competitors including MatrixCare, Actium Health, Trilliant Health, Swoop and Doctor.com, among others.
- Headquarter Dublin, United States
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Updox Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.15 M (USD)
in 7 rounds
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Latest Funding Round
$12.7 M (USD), Series B
May 10, 2017
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Investors
EverCommerce
& 5 more
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Employee Count
Employee Count
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Acquired by
EverCommerce
(Dec 24, 2020)
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Products & Services of Updox
Updox offers a comprehensive portfolio of products and services, including eFax, Telehealth, Patient Portal, Appointment Reminders, and Charge Capture. 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.
Secure HIPAA-compliant platform for sending and receiving faxes.
Enables secure virtual visits to increase patient access to care.
Allows patients to view results and manage appointments online.
Sends texts or emails to prevent no-shows and cancellations.
Platform to reduce lost revenue and streamline billing processes.
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Funding Insights of Updox
Updox has successfully raised a total of $24.15M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $12.7 million completed in May 2017. 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 7
- Last Round Series B — $12.7M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Series B - Updox | Valuation | Triple Tree | |
| Feb, 2017 | Amount | Series A - Updox | Valuation |
investors |
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| May, 2015 | Amount | Debt – Venture - Updox | 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 Updox
Updox has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include EverCommerce, Triple Tree and Rev1 Ventures. 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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Startup Studio building companies in the US & Europe and Angel Network for Ohio based companies
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Founded Year | Domain | Location | |
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Venture capital is provided to B2B healthcare innovators by Tamarind Hill.
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Founded Year | Domain | Location | |
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Healthcare-focused investment banking services are offered by Triple Tree.
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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 Updox
| 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 - Updox
| 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 |
Updox Comparisons
Competitors of Updox
Updox 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 MatrixCare, Actium Health, Trilliant Health, Swoop and Doctor.com, 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 |
Web-based software for long term care, senior living, and assisted living
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| domain | founded_year | HQ Location |
AI-powered marketing solutions are delivered for healthcare providers.
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| domain | founded_year | HQ Location |
A healthcare analytics platform is provided for industry strategies.
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| domain | founded_year | HQ Location |
AI-based advertising solutions for pharmaceuticals are offered by Swoop.
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| domain | founded_year | HQ Location |
Online visibility and reputation for healthcare providers are optimized.
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| domain | founded_year | HQ Location |
Cloud-based CRM platform for healthcare providers
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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 Updox
Frequently Asked Questions about Updox
When was Updox founded?
Updox was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Updox located?
Updox is headquartered in Dublin, United States.
Is Updox a funded company?
Updox is a funded company, having raised a total of $24.15M across 7 funding rounds to date. The company's 1st funding round was a Debt – Venture of $3.5M, raised on Aug 03, 2009.
What does Updox do?
Founded in 2008 and based in Dublin, United States, Updox operates in the healthcare sector as a connectivity platform. Secure communication tools, including integrated fax solutions, patient portals, and messaging software, are offered to independent medical practices. These services enable coordination with patients, labs, and third parties, while CRM features manage communications from a single inbox. Integration with existing EHR systems is provided, supporting over 20,000 members across operations.
Who are the top competitors of Updox?
Updox's top competitors include Actium Health, MatrixCare and Fingerpaint.
What products or services does Updox offer?
Updox offers eFax, Telehealth, Patient Portal, Appointment Reminders, and Charge Capture.
Who are Updox's investors?
Updox has 6 investors. Key investors include EverCommerce, Triple Tree, Rev1 Ventures, Tamarind Hill, and SaaS Capital.