About Wheel
Wheel is a company based in Austin (United States) founded in 2018 by Michelle Davey and Griffin Mulcahey. It operates as a SaaS (Software-as-a-Service), and Managed Services. Wheel has raised $215.6 million across 4 funding rounds from investors including J P Morgan, Lightspeed Venture Partners and Tiger Global. The company has 131 employees as of December 31, 2022. Wheel offers products and services including Horizon, Convenience Care, Urgent Care, and Condition Care. Wheel operates in a competitive market with competitors including SnapMD, mediQ, HealtheMed, SBR Health and Signo Motus, among others.
- Headquarter Austin, United States
- Employees 131 as on 31 Dec, 2022
- Founders Michelle Davey, Griffin Mulcahey
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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
*********
- Legal Name Wheel Health, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$215.6 M (USD)
in 4 rounds
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Latest Funding Round
$150 M (USD), Series C
Jan 19, 2022
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Investors
J P Morgan
& 8 more
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Employee Count
131
as on Dec 31, 2022
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Products & Services of Wheel
Wheel offers a comprehensive portfolio of products and services, including Horizon, Convenience Care, Urgent Care, and Condition Care. 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.
A platform for delivering modular virtual care solutions.
Care for common conditions like UTIs and flu.
On-demand care for acute needs with rapid response.
Longitudinal care for ongoing conditions like weight management.
Unlock access to complete
Funding Insights of Wheel
Wheel has successfully raised a total of $215.6M across 4 strategic funding rounds. The most recent funding activity was a Series C 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 C — $150.0M
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First Round
First Round
(28 Nov 2018)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series C - Wheel | Valuation | Lightspeed Venture Partners , Tiger Global Management | |
| May, 2021 | Amount | Series B - Wheel | Valuation | Lightspeed Venture Partners , Slow Ventures | |
| Jan, 2020 | Amount | Series A - Wheel | Valuation | CRV |
| 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 Wheel
Wheel has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include J P Morgan, Lightspeed Venture Partners and Tiger Global. 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 investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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CRV is recognized as a venture capital firm investing in technology startups.
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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 Wheel
| 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 - Wheel
| 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 |
Wheel Comparisons
Competitors of Wheel
Wheel 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 SnapMD, mediQ, HealtheMed, SBR Health and Signo Motus, 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 |
Cloud-based telemedicine platform for provider consultations is provided.
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| domain | founded_year | HQ Location |
Virtual healthcare services are delivered via a mobile application.
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| domain | founded_year | HQ Location |
Provider of integrated digital system solution services
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| domain | founded_year | HQ Location |
Real-time video communications solutions are offered for health enterprises.
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| domain | founded_year | HQ Location |
Robotics and software solutions are provided for hospitals and doctors.
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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 Wheel
Frequently Asked Questions about Wheel
When was Wheel founded?
Wheel was founded in 2018.
Where is Wheel located?
Wheel is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Wheel?
Michelle Davey is the current CEO of Wheel. They have also founded this company.
Is Wheel a funded company?
Wheel is a funded company, having raised a total of $215.6M across 4 funding rounds to date. The company's 1st funding round was a Series A of $13.9M, raised on Nov 28, 2018.
How many employees does Wheel have?
As of Dec 31, 2022, the latest employee count at Wheel is 131.
What does Wheel do?
Wheel is established as a leading provider of virtual care solutions through its Horizon platform. Services are offered across various care types, including convenience, urgent, and condition care. Support is provided to industries such as digital health, health plans, pharma, and retail pharmacies. A nationwide clinician network is maintained to deliver evidence-based care programs. Operations are integrated to simplify deployment and enhance patient experience. Focus is placed on scalability and flexibility to launch and expand virtual care programs.
Who are the top competitors of Wheel?
Wheel's top competitors include mediQ, SnapMD and Signo Motus.
What products or services does Wheel offer?
Wheel offers Horizon, Convenience Care, Urgent Care, and Condition Care.
Who are Wheel's investors?
Wheel has 9 investors. Key investors include J P Morgan, Lightspeed Venture Partners, Tiger Global, CRV, and TVP.