About Xevant
Xevant is a company based in Draper (United States) founded in 2017 by Brandon Newman.. 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 as of December 31, 2022. Xevant offers products and services including Xevant Platform, DataLogic, AlertLogic, ScripLogic, and Ivím at Work. Xevant operates in a competitive market with competitors including mPharma, Pharmarack, OmniSYS, Scripta Insights and KareXpert, among others.
- Headquarter Draper, United States
- Employees 42 as on 31 Dec, 2022
- Founders Brandon Newman
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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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- Legal Name Xevant
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.18 M (USD)
in 3 rounds
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Latest Funding Round
$9.07 M (USD), Series A
Feb 08, 2024
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Investors
HCAP Partners
& 4 more
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Employee Count
42
as on Dec 31, 2022
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Products & Services of Xevant
Xevant offers a comprehensive portfolio of products and services, including Xevant Platform, DataLogic, AlertLogic, ScripLogic, and Ivím at Work. 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.
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
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $9.1M
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First Round
First Round
(29 Dec 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Series A - Xevant | Valuation |
investors |
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| Mar, 2023 | Amount | Series A - Xevant | Valuation | HCAP |
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| Dec, 2021 | Amount | Series A - Xevant | Valuation | Tech Council Ventures , Martinson Ventures |
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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 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. 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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Growth capital is provided by HCAP Partners to established businesses.
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Founded Year | Domain | Location | |
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VC investments are directed at seed-to-growth tech startups in Mid-Atlantic.
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Founded Year | Domain | Location | |
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Venture capital and private equity investments are provided by Martinson Ventures.
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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 Xevant
| 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 - Xevant
| 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 |
Xevant Comparisons
Competitors of Xevant
Xevant 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 mPharma, Pharmarack, OmniSYS, Scripta Insights and KareXpert, 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 |
Provider of pharmacy management services and software for stock management for patients and pharmacies
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| domain | founded_year | HQ Location |
SaaS-based pharmacy management solutions are offered to retailers and distributors.
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| domain | founded_year | HQ Location |
Offers medical billing services for pharmacies and manages business policies and relationships.
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| domain | founded_year | HQ Location |
AI-driven pharmacy benefit management software is provided for pharmacies.
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| domain | founded_year | HQ Location |
Cloud-based software suite for healthcare providers is offered.
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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 Xevant
Frequently Asked Questions about Xevant
When was Xevant founded?
Xevant was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Xevant located?
Xevant is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Who is the current CEO of Xevant?
Brandon Newman is the current CEO of Xevant. They have also founded this company.
Is Xevant a funded 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 29, 2021.
How many employees does Xevant have?
As of Dec 31, 2022, the latest employee count at Xevant is 42.
What does Xevant do?
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.
Who are the top competitors of Xevant?
Xevant's top competitors include mPharma, Scripta Insights and KareXpert.
What products or services does Xevant offer?
Xevant offers Xevant Platform, DataLogic, AlertLogic, ScripLogic, and Ivím at Work.
Who are Xevant's investors?
Xevant has 5 investors. Key investors include HCAP Partners, Tech Council Ventures, HCAP Partners, Martinson Ventures, and Boston Millennia Partners.