About Verana Health
Verana Health is a company based in San Francisco (United States) founded in 2011 by Mark Blumenkranz and Miki Kapoor. It operates as a Data-as-a-Service, SaaS (Software-as-a-Service), and HealthTech. Verana Health has raised $287.8 million across 4 funding rounds from investors including General Electric, MedTech Venture Partners and Johnson & Johnson Innovation. Verana Health has completed 1 acquisition, including PYA Analytics. Verana Health offers products and services including Qdata, Verana Trial Connect, and Quality Measures Dashboards. Verana Health operates in a competitive market with competitors including Carta Healthcare, Flywheel, Clearsense, nference and ClearDATA, among others.
- Headquarter San Francisco, United States
- Founders Mark Blumenkranz, Miki Kapoor
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Verana Health
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Annual Revenue
$296.17 K (USD)33as on Dec 31, 2023
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Net Profit
$26.29 K (USD)82as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$287.8 M (USD)
in 4 rounds
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Latest Funding Round
$150 M (USD), Series E
Jan 14, 2022
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Investors
General Electric
& 14 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Verana Health
Verana Health offers a comprehensive portfolio of products and services, including Qdata, Verana Trial Connect, and Quality Measures Dashboards. 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.
Real-world data analytics for healthcare insights are provided.
Clinical trial connectivity for patient recruitment is facilitated.
Dashboards for tracking healthcare quality metrics are offered.
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Funding Insights of Verana Health
Verana Health has successfully raised a total of $287.8M across 4 strategic funding rounds. The most recent funding activity was a Series E round of $150 million completed in January 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 Total Funding
- Total Rounds 4
- Last Round Series E — $150.0M
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First Round
First Round
(09 Feb 2015)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series E - Verana Health | Valuation | Johnson & Johnson Innovation , Novo Holdings | |
| Feb, 2020 | Amount | Series D - Verana Health | Valuation | Google Ventures | |
| Jul, 2018 | Amount | Series C - Verana Health | Valuation | Google Ventures |
| 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 Verana Health
Verana Health has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include General Electric, MedTech Venture Partners and Johnson & Johnson Innovation. 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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MedTech Venture Partners is focused on medical technology investments.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Corporate-backed venture capital is focused on the life science sector.
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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 Verana Health
Verana Health has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PYA Analytics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Data analytics solutions are provided for the healthcare industry.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Verana Health
| 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 |
Verana Health Comparisons
Competitors of Verana Health
Verana Health 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 Carta Healthcare, Flywheel, Clearsense, nference and ClearDATA, 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 |
AI-driven clinical data management tools are offered to healthcare providers.
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| domain | founded_year | HQ Location |
Cloud-based platform for healthcare data capture and analysis is offered.
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| domain | founded_year | HQ Location |
Healthcare analytics platforms and applications are developed for clinicians.
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| domain | founded_year | HQ Location |
AI platform provided for clinical data analysis and insights.
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| domain | founded_year | HQ Location |
Cloud-based clinical data management platform for healthcare providers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Verana Health
Frequently Asked Questions about Verana Health
When was Verana Health founded?
Verana Health was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Verana Health located?
Verana Health is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Verana Health?
Miki Kapoor is the current CEO of Verana Health. They have also founded this company.
Is Verana Health a funded company?
Verana Health is a funded company, having raised a total of $287.8M across 4 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Feb 09, 2015.
What is the annual revenue of Verana Health?
Annual revenue of Verana Health is $296.17K as on Dec 31, 2023.
What does Verana Health do?
Verana Health is engaged in leveraging real-world data to transform patient outcomes in healthcare. Advanced AI and machine learning technologies are utilized to analyze near real-time data across therapeutic areas like ophthalmology, neurology, and urology. Solutions for clinical research, trial design, patient recruitment, and market insights are provided. Partnerships with medical societies are maintained to accelerate research using large clinical databases. Services cater to life sciences for clinical development, health economics, and commercialization strategies.
Who are the top competitors of Verana Health?
Verana Health's top competitors include Carta Healthcare, Truveta and ClearDATA.
What products or services does Verana Health offer?
Verana Health offers Qdata, Verana Trial Connect, and Quality Measures Dashboards.
How many acquisitions has Verana Health made?
Verana Health has made 1 acquisition, including PYA Analytics.
Who are Verana Health's investors?
Verana Health has 15 investors. Key investors include General Electric, MedTech Venture Partners, Johnson & Johnson Innovation, Google Ventures, and Merck Global Health Innovation Fund.