Total amount raised
$134.2 Millions
Latest funding date
08/01/2022
Location
Pager has successfully secured funding through multiple rounds, with its latest being a venture round in August 2022. The company boasts a diverse group of 21 investors, including notable names like Abundance Partners and Silicon Valley Bank.
Pager's platform focuses on enhancing healthcare experiences through integrated technology and concierge services. Keep reading to explore the intricacies of Pager's fundraising journey and the investors backing this innovative platform.
What Is Pager?
Founded in 2014, Pager operates in the healthcare technology industry, specializing in mHealth and mobile apps. The company is based in New York, New York, and was founded by Gaspard de Dreuzy, Oscar Salazar, and Philip Eytan.
Pager employs between 251 and 500 people and offers a virtual care technology platform. Their services include communication, collaboration, navigation, and care coordination solutions, aiming to enhance healthcare experiences by increasing access, reducing costs, and simplifying care.
How Much Funding Has Pager Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop the core technology platform.
- Venture Round
- Amount Raised: $5.9M
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series A
- Amount Raised: $14M
- Date: July 2015
- Lead Investors: New Enterprise Associates, Sound Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Venture Round
- Amount Raised: $5.2M
- Date: October 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand service offerings.
- Series A
- Amount Raised: Not publicly disclosed
- Date: January 2018
- Lead Investors: Horizon Healthcare Services
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and improve user experience.
- Series B
- Amount Raised: $22M
- Date: March 2020
- Lead Investors: Health Catalyst Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and support rapid growth.
- Debt Financing
- Amount Raised: $11M
- Date: March 2020
- Lead Investors: Silicon Valley Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional working capital for expansion.
- Series C
- Amount Raised: $70M
- Date: September 2021
- Lead Investors: Susquehanna International Group (SIG)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale capacity, accelerate platform innovation, and expand geographically.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Silicon Valley Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth initiatives.
- Venture Round
- Amount Raised: $6.1M
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding the platform and enhancing service offerings.
Total Amount Raised: $134.2M
Current Valuation: Not publicly disclosed
Key Investors
- Susquehanna International Group (SIG)
- Details: A global quantitative trading firm known for its expertise in trading and market-making.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: ByteDance, Alibaba, Robinhood.
- Silicon Valley Bank
- Details: A high-tech commercial bank that provides various financial services to startups and growth companies.
- Investment Focus Areas: Technology, life sciences, venture capital.
- Notable Investments: Pinterest, Fitbit, DocuSign.
- Health Catalyst Capital
- Details: A venture capital firm focused on investing in healthcare technology and services.
- Investment Focus Areas: Healthcare IT, digital health, medical devices.
- Notable Investments: Health Catalyst, Omada Health, Iora Health.
- Horizon Healthcare Services
- Details: New Jersey's largest health insurer, providing a range of health insurance products and services.
- Investment Focus Areas: Healthcare services, technology.
- Notable Investments: Quartet Health, Doctor On Demand, Pager.
- New Enterprise Associates
- Details: A global venture capital firm with a broad investment portfolio in technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Coursera, Duolingo, 23andMe.
What's Next for Pager?
Pager stands at the cusp of significant growth opportunities, driven by the increasing demand for virtual care and telemedicine services. With a recent $70 million funding round, the company is poised to scale its operations, innovate its platform, and expand geographically across the United States, Latin America, and beyond. The potential for growth is immense, as Pager partners with payers, providers, and employers representing over 15 million people.
Future fundraising opportunities seem promising, given the company's rapid growth and ambitious expansion plans. Additional funding rounds could support further technological advancements and market reach. However, Pager may face challenges such as maintaining service quality while scaling, navigating regulatory requirements in new markets, and staying ahead of competitors through continuous innovation.
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