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 Mar 31, 2026, the latest employee count at InstaMed is 139.

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.

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.

Where does InstaMed rank among its competitors?

InstaMed ranks 10th amongst 206 active competitors, of which 48 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Alaffia Health, which secured $55M in Feb, 2026.

Who are the top competitors of InstaMed?

InstaMed's top competitors include Greenphire, Cedar and PayZen. Among them, Alaffia Health secured the most recent funding round in February, 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, $*****

Investors

Osage Venture Partners & 10 more

Ranked

10^th among 206 active competitors

Employee Count

139 as on Mar 31, 2026

Similar Companies

Greenphire & 204 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, 2022)	-

InstaMed got acquired by JPMorgan Chase on May 17, 2019 at an acquisition amount of $500M. It was facilitated by J P Morgan, FT Partners, Wachtell, Lipton, Rosen & Katz and 1 more.

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	5631543	Series E	9708367	2560122	5442567	1003098
Dec 02, 2014	8196794	Series D	9834285	3005471	2501440	5451351
Aug 21, 2013	9543215	Series C	5038730	5069639	5360064	6964944

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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 139 employees as of Mar 26. Here is InstaMed's employee count trend over the years:

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Top competitors of InstaMed include Greenphire, Cedar 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	Greenphire 2007, King Of Prussia (United States), Acquired	Clinical trial technology simplifying the journey for patients, sites, and sponsors	$5.81M	FirstMark, Saratoga Investment & 3 others	71/100
2nd	Cedar 2016, New York City (United States), Series D	Cloud-based payment solutions for the healthcare industry	$351M	Kinnevik, Andreessen Horowitz & 28 others	70/100
3rd	PayZen 2011, San Francisco (United States), Series B	AI medical billing software for healthcare professionals and organizations	$72M	SignalFire, 7wire Ventures & 6 others	62/100
4th	Cherry 2017, San Francisco (United States), Funding Raised	Provides sales payment solution for businesses and customers	-	Financial Solutions Lab, DCM Ventures & 3 others	61/100
5th	Flex 2023, San Francisco (United States), Series A	Online marketplace for the purchase of products and services related to fitness and nutrition	$18.7M	Core Innovation Capital, SV Angel & 8 others	60/100
6th	Anomaly 2020, New York City (United States), Series B	AI-based healthcare billing and payment solution for employers and payers	$30.1M	RRE Ventures, Madrona & 4 others	60/100
7th	Zelis Healthcare 1995, Boston (United States), Funding Raised	Digital solutions to modernize the healthcare financial experience for payers, providers, and members	-	Mubadala, Norwest & 8 others	59/100
8th	Cedar Gate 2014, Greenwich (United States), Late Stage	Provider of analytical decision tools for healthcare enterprises to manage payments	$200M	Ascension Ventures, Cobalt Ventures & 1 others	58/100
9th	Alaffia Health 2020, New York City (United States), Series B	Developer of AI platform for healthcare claims management and automation	$72M	Transformation Capital, Anthemis Group & 12 others	58/100
10th	InstaMed 2004, Philadelphia (United States), Acquired	Healthcare bill payment solutions	$123M	Carrick Capital Partners, US Bank & 9 others	57/100