When was InstaMed founded?

InstaMed was founded in 2004 and raised its 1st funding round 2 years after it was founded.

Where is InstaMed located?

InstaMed is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania.

How many employees does InstaMed have?

As of May 31, 2026, the latest employee count at InstaMed is 142.

Is InstaMed a funded company?

InstaMed is a funded company, having raised a total of $123M across 16 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 01, 2006.

How much is InstaMed worth?

The last known valuation of InstaMed was $***** as of May 21, 2019.

When was the latest funding round of InstaMed?

InstaMed's latest funding was a $***** Series E round on Sep 26, 2016, with participation from 1 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 InstaMed rank among its competitors?

InstaMed ranks 6th amongst 203 active competitors, of which 39 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Anomaly, which secured $17M in May, 2026.

Who are the top competitors of InstaMed?

InstaMed's top competitors include Cedar, Anomaly and PayZen. Among them, Anomaly secured the most recent funding round in May, 2026.

InstaMed - 2026 Company Profile, Team, Funding & Competitors

Q: Is InstaMed an acquired company?

InstaMed got acquired by JPMorgan Chase on May 17, 2019.

Company Details

InstaMed offers health care bill payment solutions. It enables providers to collect money from patients. It integrates with the existing platform. It can be accessed on mobile phones, tablets, desktop, etc.

Website: www.instamed.com/
Social
Registered Address: Philadelphia, Pennsylvania

Key Metrics

Founded Year

2004

Location

Philadelphia, United States

Stage

Acquired

Total Funding

$123M in 16 rounds

Latest Funding Round

Series E, Sep 26, 2016, $*****

Last Known Valuation

$***** as on May 21, 2019

Investors

Osage Venture Partners & 10 more

Ranked

6^th among 203 active competitors

Employee Count

142 as on May 31, 2026

Similar Companies

Cedar & 192 more

Exit Details

Acquired by JPMorgan Chase (May 17, 2019)

View InstaMed's full profile

InstaMed is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
INSTAMED COMMUNICATIONS, LLC CIN: 201594764 , United States, Active	Dec 31, 1999	-	275 (As on Dec 31, 2019)	-

InstaMed got acquired by JPMorgan Chase on May 17, 2019 at an acquisition amount of $*****.

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

InstaMed has raised a total funding of $123M over 16 rounds. Its first funding round was on Feb 01, 2006. Its latest funding round was a Series E round on Sep 26, 2016 for $*****. 1 investor participated in its latest round. InstaMed has 11 institutional investors.

Here is the list of recent funding rounds of InstaMed:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 26, 2016	3765817	Series E	4009220	7541415	6051325	6573926
Dec 02, 2014	5003790	Series D	9154535	8831899	7453360	4515110
Aug 21, 2013	3821146	Series C	7560901	7047659	8837940	5421563

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View details of InstaMed's funding rounds and investors

The founders of InstaMed are Chris Seib and Bill Marvin.

Here are the details of InstaMed's key team members:

Chris Seib: Founder & CTO of InstaMed.
Bill Marvin: Founder & CEO of InstaMed.

View details of InstaMed's Founder profiles and Board Members

InstaMed's employee count trend

InstaMed has 142 employees as of May 26. Here is InstaMed's employee count trend over the years:

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Top competitors of InstaMed include Cedar, Anomaly and PayZen. Here is the list of Top 10 competitors of InstaMed, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cedar 2016, New York City (United States), Series D	Cloud-based payment solutions for the healthcare industry	$351M	Tiger Global Management, Kinnevik & 28 others	69/100
2nd	Anomaly 2020, New York City (United States), Series B	AI-based healthcare billing and payment solution for employers and payers	$34M	RRE Ventures, Sound Ventures & 6 others	62/100
3rd	PayZen 2011, San Francisco (United States), Series B	AI medical billing software for healthcare professionals and organizations	$72M	7wire Ventures, SignalFire & 6 others	62/100
4th	Cherry 2017, San Francisco (United States), Funding Raised	Provides sales payment solution for businesses and customers	-	DCM Ventures, Financial Solutions Lab & 4 others	60/100
5th	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
6th	InstaMed 2004, Philadelphia (United States), Acquired	Healthcare bill payment solutions	$123M	Hercules Capital, Baleon Capital & 9 others	57/100
7th	HealthiPASS 2013, Lombard (United States), Acquired	Healthcare billing management	$11.3M	OCA Ventures, FCA Venture Partners & 7 others	57/100
8th	Rialtic 2020, Atlanta (United States), Series B	Payment solutions for healthcare sectors	$81M	F-Prime Capital, Socium Ventures & 4 others	56/100
9th	WTW 2001, Tampa (United States), Acquired	Global professional services firm providing risk management, insurance, and human capital solutions	$53.1M	HarbourVest Partners, ORIX & 9 others	55/100
10th	RevSpring 1981, St. Paul (Canada), Acquired	Platform for revenue cycle management in healthcare centers	-	New Enterprise Associates, WestView Capital ... & 4 others	55/100