About Waystar
Waystar is a company based in Greenwood Village (United States) founded in 2006 was acquired by Waystar in December 2019. It operates as a SaaS (Software-as-a-Service), and HealthTech. Waystar has raised $36 million across 3 funding rounds from investors including Waystar, Lemhi Ventures and Bridge Capital. Waystar offers products and services including Waystar Software Platform, Financial Clearance, Patient Financial Care, and Denial Prevention + Recovery. Waystar operates in a competitive market with competitors including iMedX, Xifin, Infinx, AKASA and R1 RCM, among others.
- Headquarter Greenwood Village, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Waystar
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Products & Services of Waystar
Waystar offers a comprehensive portfolio of products and services, including Waystar Software Platform, Financial Clearance, Patient Financial Care, and Denial Prevention + Recovery. 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.
Healthcare payments are simplified through AI-powered software solutions.
Insurance benefits are verified and price transparency is offered.
Self-service payment options are provided for healthcare patients.
Denials are tracked and appealed for faster payments.
Funding Insights of Waystar
Waystar has successfully raised a total of $36M across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(24 Jan 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2016 | Amount | Series B - Waystar | Valuation | Lemhi Ventures |
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| Oct, 2016 | Amount | Debt – Conventional - Waystar | Valuation |
investors |
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| Jan, 2013 | Amount | Series B - Waystar | Valuation | Bregal Sagemount |
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| 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 Waystar
Waystar has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Waystar, Lemhi Ventures and Bridge Capital. 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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Venture capital investments are focused on healthcare system transformation.
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Founded Year | Domain | Location | |
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Investments are directed toward high-growth startups in multiple sectors.
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Founded Year | Domain | Location | |
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Bridge Capital, LLC is engaged in investment banking and asset management.
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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 Waystar
| 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 - Waystar
| 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 |
investors |
Waystar Comparisons
Competitors of Waystar
Waystar 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 iMedX, Xifin, Infinx, AKASA and R1 RCM, 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 |
Revenue cycle management platform is provided to healthcare providers.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Billing solutions for dentists are provided by Zentist.
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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 Waystar
Frequently Asked Questions about Waystar
When was Waystar founded?
Waystar was founded in 2006 and raised its 1st funding round 7 years after it was founded.
Where is Waystar located?
Waystar is headquartered in Greenwood Village, United States. It is registered at Greenwood Village, Colorado, United States.
Is Waystar a funded company?
Waystar is a funded company, having raised a total of $36M across 3 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Jan 24, 2013.
What does Waystar do?
Healthcare revenue cycle management solutions are offered by Waystar through an AI-powered software platform. Services are focused on financial clearance, patient payment solutions, revenue capture, claim and payer payment management, denial prevention, and analytics. The platform is utilized by various healthcare providers, including hospitals, physician practices, and specialty centers. Advanced automation and generative AI are integrated to enhance productivity, reduce errors, and improve financial outcomes. Support is extended across the United States to optimize payment processes and elevate patient care experiences.
Who are the top competitors of Waystar?
Waystar's top competitors include R1 RCM, AKASA and ABI Health.
What products or services does Waystar offer?
Waystar offers Waystar Software Platform, Financial Clearance, Patient Financial Care, and Denial Prevention + Recovery.
Who are Waystar's investors?
Waystar has 4 investors. Key investors include Waystar, Lemhi Ventures, Bridge Capital, and Bregal Sagemount.