About Vamstar
Vamstar is a Healthcare company based in London (United Kingdom) founded in 2019 by Richard Freeman. AI platform for automating procurement data in healthcare is provided. It operates in the Healthcare and Technology sectors. Vamstar has raised $11.2 million across 3 funding rounds from investors including Celltrion, AICapital and Dutch Founders Fund. Vamstar was last valued at $32.31 million in May 2022. Its chief executive, as recorded, is Praful Mehta. Vamstar offers products and services including Polaris, Pricing Co-Pilot, Data Orchestration, and Pharma Net Price Tracker. Its focus areas include HealthTech, Life Sciences Tech, Supply Chain Solutions and Supply Chain Management. Its legal entity is VAMSTAR LIMITED. Its competitors include Marken and Veratrak; 1 of its 2 listed competitors has raised funding.
Company details
Vamstar was founded in 2019 in London, United Kingdom, focusing on healthcare procurement. An AI-based platform is utilized for managing purchases, where natural language processing and deep learning extract data from websites, registries, and documents. Interactive dashboards and reports are generated to analyze buyer and competitor behaviors, aiding commercial decisions. AI is employed to match procurement needs with supplier capabilities.
- Headquarters London, United Kingdom
- Founders Richard Freeman
- Stage Minicorn
- SectorsHealthcareTechnology
- Email••••••••
- Phone•••• ••••
- Website vamstar.io
- Social LinkedIn X YouTube
- Legal Name Vamstar Limited
- Date of Incorporation 12 Sep, 2019
- Jurisdiction LONDON, UNITED KINGDOM
- Total Equity Funding$11.2M (USD)
in 3 rounds
- Latest Funding Round$9.5M (USD), Series A
May 2022
- InvestorsCelltrion
& 6 more
Products & Services of Vamstar
Vamstar offers a comprehensive portfolio of products and services, including Polaris, Pricing Co-Pilot, Data Orchestration, and Pharma Net Price Tracker.
Offers data science tools for tendering and pricing optimization.
AI system for enhancing pharmaceutical tender bidding strategies.
Platform for processing and analyzing market data in life sciences.
Monitors net prices and revenue in pharmaceutical markets.
Apps and channels of Vamstar
its YouTube channel Vamstar has 64 subscribers and 19 videos.
Videos from Vamstar
The most watched videos on Vamstar's YouTube channel, Vamstar (64 subscribers). Click a video to play it here.
More on Vamstar.
Funding Insights of Vamstar
Vamstar has successfully raised a total of $11.2M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9.5 million completed in May 2022. 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 $11.2M
- Total Rounds 3
- Last Round Series A — $9.5M
- Investors Count 7
All 3 funding rounds of Vamstar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $9.5M | Series A | $32.31M | AIC, Dutch Founders Fund | |
| Dec 2020 | $1.7M | Seed | $8.01M | b2venture | |
| Jan 2020 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $32.31M | •••••••• |
| Dec 2020 | $8.01M | •••••••• |
Last known valuation $32.31M (May 2022). 7 investors in total: 7 institutional.
Investors in Vamstar
Vamstar has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Celltrion, AICapital and Dutch Founders Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AI-first companies are supported through venture capital investments. | aicapital.ai | Luxembourg, Luxembourg | ||
Early-stage investing and founder support services are offered globally by Antler. | 2018 | antler.co | ||
Venture capital is provided to innovative startups by b2venture. | b2venture.vc | St. Gallen, Switzerland | ||
| begincl.com | ||||
Early-stage venture capital is provided for digital solutions in non-digital industries. | 2018 | dutchfoundersfund.com | Amsterdam, Netherlands | |
Antibody biosimilars for autoimmune diseases are developed. | 2002 | celltrion.com | Incheon, South Korea | |
| am.miraeasset.com |
Investor details for Vamstar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Vamstar
38 people are tracked at Vamstar (9 in leadership, 29 in team).
| Name | Role | Group |
|---|---|---|
Richard Freeman | Co-Founder & CTO | Leadership |
Praful Mehta | CEO | Leadership |
Shane Walker | Senior Director - MedTech | Leadership |
Richard Freeman, Ph.D. | Co-founder and CTO Data | Leadership |
Soumitra Sharma | Senior Vice President of Customer Success & Consulting | Leadership |
Tim Farnham CMktr | Director Of Marketing | Leadership |
Andrew Connorton | Director Of Sales And Business Development | Leadership |
Ivailo Zhelev | Director Of Engineering | Leadership |
Tomas Jasaitis | Head of Data Science | Leadership |
Jagrati Asati | Senior Software Engineer, Python | Team |
Vinay Pundhir | Python Backend Developer | Team |
Harsh Mishra | Software Engineer | Team |
Indra Karan Reddy | Data Analyst | Team |
MD NISAR AHMED | SME - Data Engineering | Team |
Ritish Kumar | Data Analyst | Team |
Nitin Dixit | Senior Consultant | Team |
Khushil Patel | Account Executive | Team |
Meena menon | Engineer | Team |
Sindhu Yepuri | Jr. Data Engineer | Team |
Himanshu Parihar | Team Lead 2 (data Analyst) | Team |
18 more people are available in the full profile.
Complete people profiles for Vamstar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Vamstar
4 dated milestones of Vamstar across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Vamstar is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $9.5M.
Competitors of Vamstar
Vamstar has 2 listed competitors in our database, 1 of them funded. They include Marken and Veratrak.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| marken.com | 1980 | Durham, United Kingdom | 290 | Provider of supply chain logistics solutions and services for pharma and medical devices industry | ||
| veratrak.com | 2017 | London, United Kingdom | $8.11M | 9 | Supply chain software is offered for pharmaceutical logistics and compliance. |
Detailed competitors of Vamstar
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Verified entity values are shown only after access is granted.
Web traffic of Vamstar
The website of Vamstar (vamstar.io) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 48.2% vs previous month
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Related news about Vamstar
Complete news archive for Vamstar
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Frequently Asked Questions about Vamstar
Vamstar was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Vamstar is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Praful Mehta is the CEO of Vamstar, as recorded in our data.
Vamstar is a funded company, having raised a total of $11.2M across 3 funding rounds to date.
Vamstar was founded in 2019 in London, United Kingdom, focusing on healthcare procurement. An AI-based platform is utilized for managing purchases, where natural language processing and deep learning extract data from websites, registries, and documents. Interactive dashboards and reports are generated to analyze buyer and competitor behaviors, aiding commercial decisions. AI is employed to match procurement needs with supplier capabilities.
Vamstar offers Polaris, Pricing Co-Pilot, Data Orchestration, and Pharma Net Price Tracker.
Vamstar has 7 investors. Key investors include Celltrion, AICapital, Dutch Founders Fund, Antler, and Mirae Asset Global Investments.
The valuation of Vamstar is $32.31M as of May 2022.
Vamstar operates through Vamstar Limited.