About Wellpartner
Wellpartner is a company based in Tualatin (United States) founded in 2000.. Wellpartner has raised $37.6 million across 3 funding rounds from investors including 3i Group, Burrill and Company and Montlake Capital. The company has 89 employees as of December 31, 2022. Wellpartner has completed 2 acquisitions, including 340B SMART and Solutionsrx340b. Wellpartner operates in a competitive market with competitors including Pharmaceutical Strategies Group, Equiscript, PharMedQuest, doc&i and 340BDirect, among others.
- Headquarter Tualatin, United States
- Employees 89 as on 31 Dec, 2022
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.6 M (USD)
in 3 rounds
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Latest Funding Round
$16.1 M (USD), Series D
Aug 01, 2008
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Investors
3i Group
& 6 more
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Employee Count
89
as on Dec 31, 2022
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Investments & Acquisitions
340B SMART
& 1 more
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Funding Insights of Wellpartner
Wellpartner has successfully raised a total of $37.6M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $16.1 million completed in August 2008. 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 D — $16.1M
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First Round
First Round
(11 Jan 2005)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2008 | Amount | Series D - Wellpartner | Valuation |
investors |
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| May, 2007 | Amount | Series C - Wellpartner | Valuation |
investors |
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| Jan, 2005 | Amount | Private Equity Round - Wellpartner | Valuation |
investors |
| 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 Wellpartner
Wellpartner has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include 3i Group, Burrill and Company and Montlake 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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Private equity firm focused on mid-market businesses
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Founded Year | Domain | Location | |
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Investment support is offered for businesses in the Pacific Northwest.
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Founded Year | Domain | Location | |
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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 Wellpartner
Wellpartner has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 340B SMART and Solutionsrx340b. 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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Split billing solutions for 340B-eligible medications are provided automatically.
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2013 | ||||
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340B compliance solutions for pharmacies are provided by Solutionsrx340b.
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2011 |
| 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 - Wellpartner
| 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 |
Wellpartner Comparisons
Competitors of Wellpartner
Wellpartner 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 Pharmaceutical Strategies Group, Equiscript, PharMedQuest, doc&i and 340BDirect, 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 |
Pharmacy intelligence platform and clinical consulting services are provided.
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| domain | founded_year | HQ Location |
Provider of pharmacy management services
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| domain | founded_year | HQ Location |
Medical benefit management for specialty healthcare is developed.
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| domain | founded_year | HQ Location |
Cloud-based prescription transparency software
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| domain | founded_year | HQ Location |
Delivers tools for managing 340B programs in pharmacies.
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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 Wellpartner
Frequently Asked Questions about Wellpartner
When was Wellpartner founded?
Wellpartner was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Where is Wellpartner located?
Wellpartner is headquartered in Tualatin, United States. It is registered at Tualatin, Oregon, United States.
Is Wellpartner a funded company?
Wellpartner is a funded company, having raised a total of $37.6M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $14M, raised on Jan 11, 2005.
How many employees does Wellpartner have?
As of Dec 31, 2022, the latest employee count at Wellpartner is 89.
What does Wellpartner do?
Wellpartner was founded in 2000 and is based in Tualatin, United States, operating in the healthcare sector with a focus on 340B compliance. Services such as AccessConvergence are offered for program management, including claims administration, specialty pharmacy dispensing, and health plan coordination. Pharmaceuticals are dispensed through a nationally licensed, URAC-, ACHC-, and VIPPS-accredited specialty pharmacy to patients of hospitals and clinics. Existing pharmacy solutions are complemented to support health outcomes.
Who are the top competitors of Wellpartner?
Wellpartner's top competitors include Pharmaceutical Strategies Group, PharMedQuest and Elevate340B.
How many acquisitions has Wellpartner made?
Wellpartner has made 2 acquisitions, including 340B SMART, and Solutionsrx340b.
Who are Wellpartner's investors?
Wellpartner has 7 investors. Key investors include 3i Group, Burrill and Company, Montlake Capital, Integra Ventures, and Mediphase Venture Partners.
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