About Xevant
Xevant is a Healthcare company based in Draper (United States) founded in 2017 by Brandon Newman. A SaaS-based platform for pharmacy benefit management is provided. Xevant has raised $17.18 million across 3 funding rounds from investors including HCAP Partners, Tech Council Ventures and HCAP Partners. The company has 42 employees. Its chief executive, as recorded, is Brandon Newman. Xevant offers products and services including Xevant Platform, DataLogic, AlertLogic, ScripLogic, and Ivím at Work. Its focus areas include HealthTech, Pharmacy IT and Pharmacy Management Systems. Its competitors include OmniSYS, Scripta Insights and UpHealth; 2 of its 3 listed competitors have raised funding.
Company details
Xevant was founded in 2017 and is headquartered in Draper, United States, within the healthcare technology sector. SaaS solutions for pharmacy benefit management are offered, including ScripLogic for analyzing benefits in pharmacies. ClinicalLogic supports benefit plans with real-time data analysis, while BidLogic manages claims processing. FinanceLogic delivers financial insights to pharmacies. An automated system enables customized medical benefits for pharmacy operations.
- Headquarters Draper, United States
- Employees 42
- Founders Brandon Newman
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website xevant.com
- Social LinkedIn X Facebook
- Legal Name Xevant
- Total Equity Funding$17.18M (USD)
in 3 rounds
- Latest Funding Round$9.07M (USD), Series A
Feb 2024
- InvestorsHCAP Partners
& 4 more
- Employee Count42
Products & Services of Xevant
Xevant offers a comprehensive portfolio of products and services, including Xevant Platform, DataLogic, AlertLogic, ScripLogic, and Ivím at Work.
AI-driven tool for optimizing pharmacy benefits and costs
Automates pharmacy claims analysis for cost savings
Provides alerts for performance issues in benefits data
Manages script data for rebate and utilization tracking
Supports corporate weight management programs
Funding Insights of Xevant
Xevant has successfully raised a total of $17.18M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9.07 million completed in February 2024. 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 $17.18M
- Total Rounds 3
- Last Round Series A — $9.07M
- First Round $3.11M
(Dec 2021)
- Investors Count 5
All 3 funding rounds of Xevant with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $9.07M | Series A | – | – | |
| Mar 2023 | $5M | Series A | – | HCAP | – |
| Dec 2021 | $3.11M | Series A | – | Tech Council Ventures, Martinson Ventures | – |
5 investors in total: 5 institutional.
Investors in Xevant
Xevant has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include HCAP Partners, Tech Council Ventures and HCAP Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth capital is provided by HCAP Partners to established businesses. | hcapllc.com | La Jolla, United States | ||
VC investments are directed at seed-to-growth tech startups in Mid-Atlantic. | techcouncilventures.com | Summit, United States | ||
Venture capital and private equity investments are provided by Martinson Ventures. | martinsonventures.com | |||
US-focused private equity and venture capital investments are managed. | bostonmillenniapartners.com | Boston, United States | ||
Growth capital is provided by HCAP Partners to established businesses. | 2000 | hcap.com | San Diego, United States |
Investor details for Xevant
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People of Xevant
23 people are tracked at Xevant (12 in leadership, 11 in team); the tracked headcount is 42.
| Name | Role | Group |
|---|---|---|
Brandon Newman | Co-Founder & CEO | Leadership |
Alan Kellogg | Ex-Principal | Leadership |
Cody Hatch | Director of Data Platform | Leadership |
Greg Heaps | Chief Marketing Officer | Leadership |
Jason Hardin | Chief Revenue Officer | Leadership |
Scott Sorensen | Chief Technology Officer | Leadership |
Sahily Paoline | Chief Clinical Officer | Leadership |
David Sanders | Vice President Of Data Engineering | Leadership |
Udine Falabella | Senior Director, Data Engineering | Leadership |
Jeff Lininger | President | Leadership |
Dan Telford | Director & Corporate Treasurer | Leadership |
Chad Davis | Director, Compliance | Leadership |
Brandon Gill | Data Analyst | Team |
Ashley Maxwell | Data Quality Analyst | Team |
Chris Young | Senior Data Platform Engineer | Team |
Ben Young, CBAP | Sr. Manager Corporate Operations | Team |
Joanne Newman | Accountant | Team |
Makena Newman | Marketing Staff | Team |
Tim Mahoney | Senior Data Engineer | Team |
Ian Humphreys | Manager, Client Data Solutions | Team |
3 more people are available in the full profile.
Complete people profiles for Xevant
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Xevant
3 dated milestones of Xevant across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Xevant is founded.
- Funding First funding round of $3.1M.
- Funding Latest funding round, Series A, of $9.1M.
Competitors of Xevant
Xevant has 3 listed competitors in our database, 2 of them funded. They include OmniSYS, Scripta Insights and UpHealth.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| omnisys.com | 1997 | Dallas, United States | $11M | 151 | Offers medical billing services for pharmacies and manages business policies and relationships. | |
| scriptainsights.com | 2019 | Wellesley, United States | $17M | AI-driven pharmacy benefit management software is provided for pharmacies. | ||
| uphealthinc.com | 2019 | North Salt Lake, United States | 45 | Administrative and pharmacy management software is provided for healthcare. |
Detailed competitors of Xevant
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Xevant
The website of Xevant (xevant.com) receives about 6.7K visits a month.
- Monthly visits6.7K
▲ 24.8% vs previous month
Websites whose visitors overlap most with Xevant. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| maxor.com | 100% | 6.9K | #3,164,329 | View details |
Top companies in Pharmacy & Healthcare Retail Systems
3 companies that operate in the same segment as Xevant (Pharmacy & Healthcare Retail Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | 802 | ||
Optum is recognized as a leading health solution and care delivery organization. | 2011 | Eden Prairie, Minnesota, United States | USD 250 K | USD 383.36 M | 140 | |
Materials management and business analytics solutions for healthcare are provided. | 1992 | Mountain View, California, United States | USD 20 M | USD 1.18 B | 3,670 |
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Frequently Asked Questions about Xevant
Xevant was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Xevant is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Brandon Newman is the CEO of Xevant, as recorded in our data. They have also founded this company.
Xevant is a funded company, having raised a total of $17.18M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.11M, raised on Dec 2021.
Xevant has 42 employees.
Xevant was founded in 2017 and is headquartered in Draper, United States, within the healthcare technology sector. SaaS solutions for pharmacy benefit management are offered, including ScripLogic for analyzing benefits in pharmacies. ClinicalLogic supports benefit plans with real-time data analysis, while BidLogic manages claims processing. FinanceLogic delivers financial insights to pharmacies. An automated system enables customized medical benefits for pharmacy operations.
Xevant's top competitors include Scripta Insights, UpHealth and OmniSYS.
Xevant offers Xevant Platform, DataLogic, AlertLogic, ScripLogic, and Ivím at Work.
Xevant has 5 investors. Key investors include HCAP Partners, Tech Council Ventures, HCAP Partners, Martinson Ventures, and Boston Millennia Partners.
Xevant operates through Xevant.