When was CareGain founded?

CareGain was founded in 2001 and raised its 1st funding round 3 years after it was founded.

Where is CareGain located?

CareGain is headquartered in Plainsboro, United States.

How many employees does CareGain have?

As of Jul 31, 2026, the latest employee count at CareGain is 8.

Is CareGain a funded company?

CareGain is a funded company, having raised a total of $***** in its 1st and only funding round, a Series B round on Jun 10, 2004.

When was the latest funding round of CareGain?

CareGain's latest funding was a $***** Series B round on Jun 10, 2004, with participation from 4 investors. Its primary sector is Healthcare Payer Tech. In United States, the Healthcare Payer Tech sector has seen $540M in funding in 2026 to date.

Where does CareGain rank among its competitors?

CareGain ranks 6th amongst 23 active competitors, of which 3 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Red Sky Health, which secured $3M in Jan, 2025.

Who are the top competitors of CareGain?

CareGain's top competitors include Vitraya, Ayu Health and Red Sky Health. Among them, Red Sky Health secured the most recent funding round in January, 2025.

CareGain - 2026 Company Profile, Funding & Competitors

Company Details

CareGain provides application software solutions for the consumer directed healthcare industry. Its CareGain Defined Care platform enables health plans and third-party administrators, such as health savings accounts, health reimbursement accounts, and flexible spending accounts to create and administer consumer-directed health plans. The company's products comprises of CareGain Asset Management Platform, an integrated software solution for CDH benefits administration; CareGain BankConnect that links the health plans back-end systems with the systems of banks and other financial institutions that take on the role of health savings account custodians; and CareGain CardConnect, which facilitates the integration to multiple card transaction processing engines.

Key Metrics

Founded Year

2001

Location

Plainsboro, United States

Stage

Acqui-Hired

Total Funding

$6.8M in 1 round

Latest Funding Round

Series B, Jun 10, 2004, $*****

Investors

Inflection Point Ventures & 5 more

Ranked

6^th among 23 active competitors

Employee Count

8 as on Jul 31, 2026

Similar Companies

Vitraya & 25 more

View CareGain's full profile

CareGain has raised a total funding of $6.8M over 1 round. Its latest funding round was a Series B round on Jun 10, 2004 for $*****. 4 investors participated in its latest round. CareGain has 6 institutional investors.

Here is the list of recent funding rounds of CareGain:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 10, 2004	5953642	Series B	1519921	7803220	9101216	8209264

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View details of CareGain's funding rounds and investors

CareGain's employee count trend

CareGain has 8 employees as of Jul 26. Here is CareGain's employee count trend over the years:

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Top competitors of CareGain include Vitraya, Ayu Health and Red Sky Health. Here is the list of Top 10 competitors of CareGain, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Vitraya 2019, Delhi (India), Series A	Platform offering claims processing for healthcare sector	$12.8M	Startupxseed Ventures, CACTUS & 47 others	58/100
2nd	Ayu Health 2019, Bengaluru (India), Series B	Technology-enabled network of hospitals	$39.7M	Fundamentum, Stellaris & 25 others	47/100
3rd	Red Sky Health 2022, New York City (United States), Seed	AI-powered platform to fix denied health insurance claims	$6.46M	Marble Creek Ventures, Charles River Data ... & 3 others	31/100
4th	UnitedHealthcare 1977, Minnetonka (United States), Funding Raised	Provider of claims management software for clinics	-	Booner Capital	31/100
5th	Trover Solutions 1988, Louisville (United States), Acquired	Provider of cost containment services and payment integrity software for healthcare payers	-	NewStar Financial, VSS & 2 others	31/100
6th	CareGain 2001, Plainsboro (United States), Acqui-Hired	Consumer-directed healthcare account administration and management software	$6.8M	Inflection Point Ventures, Activate Venture Partners ... & 4 others	30/100
7th	HealthLift 2014, Salt Lake City (United States), Unfunded	Online platform to simplify pharmacy processing for workers compensation	-	-	29/100
8th	Gain Servicing 2010, Atlanta (United States), Funding Raised	Provider of AI-based reimbursement software for healthcare providers	-	121G	28/100
9th	MVA reCOUP 2017, Huntersville (United States), Unfunded	Data intelligence platform for motor vehicle accident claims recovery	-	-	24/100
10th	ediLive 2003, Houston (United States), Unfunded	Provider of claim management software for healthcare providers	-	-	24/100