When was Alegeus founded?

Alegeus was founded in 1995 and raised its 1st funding round 22 years after it was founded.

Where is Alegeus located?

Alegeus is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts.

How many employees does Alegeus have?

As of May 31, 2026, the latest employee count at Alegeus is 795.

Is Alegeus a funded company?

Alegeus is a funded company, having raised a total of $***** in its 1st and only funding round, a Conventional Debt round on Apr 2017.

When was the latest funding round of Alegeus?

Alegeus' latest funding was a $***** Conventional Debt round on Apr 2017, with participation from 0 investor. Its primary sector is Healthcare IT. In United States, the Healthcare IT sector has seen $3.96B in funding in 2026 to date.

Where does Alegeus rank among its competitors?

Alegeus ranks 32nd amongst 317 active competitors, of which 40 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Nomi Health, which secured an undisclosed amount in Aug, 2025.

Who are the top competitors of Alegeus?

Alegeus' top competitors include HealthEdge, Change Healthcare and Novotech. Among them, Nomi Health secured the most recent funding round in August, 2025.

Alegeus - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of healthcare benefits administration solutions. It offers a platform for the administration of tax-advantaged benefit accounts, including FSAs, HSAs, HRAs, MERPs, VEBAs, DCAPs, and transit accounts. Benefit account management solutions such as health reimbursement, medical expense reimbursement, benefits card processing, mobile account access, eBill presentation, and payment solutions. The company also provides an employer portal with resources for explaining and promoting plan options, enrolling participants, managing administrative duties, and insurance exchange solutions.

Website: www.alegeus.com
Social
Phone Number: +1 **********
Registered Address: Waltham, Massachusetts

Key Metrics

Founded Year

1995

Location

Waltham, United States

Stage

Acquired

Latest Funding Round

Conventional Debt, Apr 2017, $*****

Investors

Ares Capital Corporation & 2 more

Ranked

32^nd among 317 active competitors

Employee Count

795 as on May 31, 2026

Similar Companies

HealthEdge & 137 more

Exit Details

Acquired by Vista Equity Partners (Aug 07, 2018)

View Alegeus' full profile

Alegeus is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Alegeus Technologies, Llc CIN: 900808825 , United States, Active	Dec 26, 999	-	687 (As on Dec 31, 2024)	-
Alegeus Technologies, Llc CIN: 001t000000WoDRCAA3 , United States, Active	Dec 21, 2017	-	-	-

Alegeus got acquired by Vista Equity Partners on Aug 07, 2018.

Click here to take a look at Alegeus's acquisition in detail

Alegeus has raised funding over 1 round. Alegeus has 3 institutional investors.

Here is the list of recent funding rounds of Alegeus:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 2017	8873569	Conventional Debt	6213201	8697342	8393789	1204572

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View details of Alegeus's funding rounds and investors

The founders of Alegeus is Thomas Torre.

Here are the details of Alegeus' key team members:

Thomas Torre: Chief Executive Officer, Board Member and Co-Founder of Alegeus and founder of 2 other companies, Bend Financial and clareon.co.uk.

View details of Alegeus's Founder profiles and Board Members

Alegeus' employee count trend

Alegeus has 795 employees as of May 26. Here is Alegeus's employee count trend over the years:

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Top competitors of Alegeus include HealthEdge, Change Healthcare and Novotech. Here is the list of Top 10 competitors of Alegeus, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	HealthEdge 2004, Burlington (United States), Acquired	Provider of a suite solutions for healthcare payer	$108M	Psilos Group, Ardan Equity Partners & 7 others	78/100
2nd	Change Healthcare 2007, Nashville (United States), Acquired	Cloud-based suite solution for payers, providers and patients	$36M	Mitsui Global Investment, Noro-Moseley Partners ... & 14 others	72/100
3rd	Novotech 2002, Sydney (Australia), Acquired	Provider of clinical research services across all trial phases and therapeutic areas	$255M	GIC, Sequoia Capital & 5 others	68/100
4th	Concert AI 2018, Boston (United States), Series C	Provider of AI and real-world data solutions for life sciences	$300M	Sixth Street, Declaration Partners & 4 others	64/100
5th	Nomi Health 2018, Orem (United States), Series A	Provider of diversified system and services for health care sector	$110M	Rose Park Advisors, Arbor Ventures & 7 others	62/100
6th	Bioptimus 2024, Paris (France), Series A	Developer of AI foundation model to transform biological research	$76M	Cathay Innovation, Sofinnova Partners & 15 others	62/100
7th	Dotmatics 2005, Bishop s Stortford (United Kingdom), Acquired	AI powered scientific data management and workflow automation solutions	$11.3M	Scottish Equity Partners, Insight Partners ... & 4 others	62/100
8th	Inovalon 1998, Bowie (United States), Acquired	Cloud-based data analytics platform for providers and payers	-	RHEINEST	61/100
9th	Zelis Healthcare 1995, Boston (United States), Funding Raised	Digital solutions to modernize the healthcare financial experience for payers, providers, and members	-	Mubadala, HarbourVest Partners & 9 others	59/100
10th	Trek Health 2021, San Mateo (United States), Series A	Cloud-based insurance workflow management tool	$13.7M	Madrona, Lionheart Ventures & 12 others	59/100
32nd	Alegeus 1995, Waltham (United States), Acquired	Provider of healthcare benefits administration solutions	-	Ares Capital Corporation, Audax Group & 1 others	47/100