About Verge Health
Verge Health is a company based in Charleston (United States) founded in 2001 was acquired by RLDatix in October 2020.. Verge Health has raised $15.75 million across 3 funding rounds from investors including RLDatix and Brook Venture Partners. The company has 140 employees as of December 31, 2022. Verge Health has completed 1 acquisition, including Peminic. Verge Health offers products and services including Converge Platform and Credentialing. Verge Health operates in a competitive market with competitors including HealthVerity, Flywheel, RLDatix, Medallion and Axuall, among others.
- Headquarter Charleston, United States
- Employees 140 as on 31 Dec, 2022
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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
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- Legal Name Verge Solutions, Llc
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Products & Services of Verge Health
Verge Health offers a comprehensive portfolio of products and services, including Converge Platform and Credentialing. 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.
Platform for managing healthcare safety and risk events
System for staff and payer credentialing processes
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Funding Insights of Verge Health
Verge Health has successfully raised a total of $15.75M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in August 2018. 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 3
- Last Round Series A — $7.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2018 | Amount | Series A - Verge Health | Valuation |
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| Dec, 2010 | Amount | Series A - Verge Health | Valuation |
investors |
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| Apr, 2008 | Amount | Seed - Verge Health | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Verge Health
Verge Health has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include RLDatix and Brook Venture Partners. 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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Capital is provided by Brook Venture Partners to expansion-stage businesses.
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GRC software solutions for healthcare risk management are delivered.
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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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Venture capital is directed toward companies in multiple sectors.
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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 Verge Health
Verge Health has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Peminic. 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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eSurveillance software is developed for patient safety and risk management.
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2002 |
| 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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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 - Verge Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Verge Health Comparisons
Competitors of Verge Health
Verge 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 HealthVerity, Flywheel, RLDatix, Medallion and Axuall, 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 |
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| domain | founded_year | HQ Location |
Cloud-based platform for healthcare and consumer data management is utilized.
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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 |
GRC software solutions for healthcare risk management are delivered.
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| domain | founded_year | HQ Location |
Cloud-based licensing and credentialing are managed for healthcare providers.
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| domain | founded_year | HQ Location |
Digital credentialing services are provided for healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare information management services are provided by Andros.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Verge Health
Frequently Asked Questions about Verge Health
When was Verge Health founded?
Verge Health was founded in 2001 and raised its 1st funding round 7 years after it was founded.
Where is Verge Health located?
Verge Health is headquartered in Charleston, United States. It is registered at Charleston, South Carolina, United States.
Is Verge Health a funded company?
Verge Health is a funded company, having raised a total of $15.75M across 3 funding rounds to date.
How many employees does Verge Health have?
As of Dec 31, 2022, the latest employee count at Verge Health is 140.
What does Verge Health do?
Verge Health was founded in 2001 in Charleston, United States, within the healthcare technology sector. Web-based SaaS solutions are provided to organizations for streamlining administrative tasks. Three suiteshospital, practitioner, and employeeare offered to manage processes, identify operational gaps, enhance patient safety, ensure compliance, evaluate physician performance, and oversee personnel capabilities. Integrated credentialing and privileging tools are also supplied to hospitals.
Who are the top competitors of Verge Health?
Verge Health's top competitors include HealthVerity, Medallion and Flywheel.
What products or services does Verge Health offer?
Verge Health offers Converge Platform and Credentialing.
How many acquisitions has Verge Health made?
Verge Health has made 1 acquisition, including Peminic.
Who are Verge Health's investors?
Verge Health has 2 investors. Key investors include RLDatix, and Brook Venture Partners.