About WageWorks
WageWorks is a company based in San Mateo (United States) founded in 2000 was acquired by HealthEquity in June 2019. WageWorks has raised $40 million across 2 funding rounds from investors including HealthEquity. The company has 1,679 employees as of December 31, 2022. WageWorks has completed 1 acquisition, including Crosbybenefits.com. WageWorks operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
- Headquarter San Mateo, United States
- Employees 1679 as on 31 Dec, 2022
- Stage Public
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Sectors
TechnologyHealthcare
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Phone
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Website
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Social
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Annual Revenue
$472.18 M (USD)-1as on Dec 31, 2018
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Net Profit
$25.97 M (USD)-52as on Dec 31, 2018
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EBITDA
$44.38 M (USD)-37as on Dec 31, 2018
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Total Equity Funding
$40 M (USD)
in 2 rounds
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Latest Funding Round
$129 K (USD), Grant
Jun 01, 2017
- Investors
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Employee Count
1679
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
HealthEquity
(Jun 27, 2019)
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People of WageWorks
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Software Development Team
131 people
Leadership Team
93 people
Sales and Marketing
49 people
Data Analysis and Operations Team
43 people
Senior Team
38 people
Product Management Team
38 people
Finance and Accounting
23 people
Service Team
20 people
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Funding Insights of WageWorks
WageWorks has successfully raised a total of $40M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $129 thousand completed in June 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.
Investors in WageWorks
WageWorks has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HealthEquity.
| Investor | Description | Founded Year | Domain | Location |
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Health benefits and savings are managed through an app-based platform.
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Investor details for WageWorks
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Investments & Acquisitions by WageWorks
WageWorks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Crosbybenefits.com.
Investment portfolio details for WageWorks
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Employee benefits services are provided by Crosbybenefits.com.
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Complete acquisition details for WageWorks
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Financial Statements - WageWorks
Detailed financials for WageWorks
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Wageworks Comparisons
Peer comparison for WageWorks
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Competitors of WageWorks
WageWorks 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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Virtual physical therapy and digital pain care solutions are provided.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Health and wellness social network for employees is provided.
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Provider of prepaid cards for financial benefits of employees
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Employee health and well-being solutions are delivered through a platform.
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Detailed competitors of WageWorks
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Latest news on Wageworks
Complete news archive for WageWorks
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Frequently Asked Questions about WageWorks
WageWorks was founded in 2000 and raised its 1st funding round 11 years after it was founded.
WageWorks is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
WageWorks is a funded company, having raised a total of $40M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at WageWorks is 1,679.
Annual revenue of WageWorks is $472.18M as on Dec 31, 2018.
WageWorks was founded in 2000 in San Mateo, United States, within the employee benefits management sector. A web and mobile platform is operated to provide flexible spending accounts, allowing pre-tax contributions for benefits such as tuition reimbursement, health and wellness programs, and fitness expenses. Services are charged to employers on a per-employee basis, with clients including Bank of America, Pfizer, and Union Pacific.
WageWorks's top competitors include Accolade, Hinge Health and Wellhub.
WageWorks has made 1 acquisition, including Crosbybenefits.com.
WageWorks has 1 investor. Key investors include HealthEquity.