When was Medl founded?

Medl was founded in 2013 and raised its 1st funding round within a year of its incorporation.

Where is Medl located?

Medl is headquartered in Durham, United States.

How many employees does Medl have?

As of Jul 31, 2026, the latest employee count at Medl is 1.

Is Medl a funded company?

Medl is a funded company, having raised a total of $448K across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 01, 2013.

When was the latest funding round of Medl?

Medl's latest funding was a $***** Grant (prize money) round on May 22, 2014, with participation from 1 investor. Its primary sector is Internet First Insurance Platforms. In United States, the Internet First Insurance Platforms sector has seen $984M in funding in 2026 to date.

Where does Medl rank among its competitors?

Medl ranks 23rd amongst 90 active competitors, of which 15 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was CoverSure, which secured $4M in May, 2024.

Who are the top competitors of Medl?

Medl's top competitors include CLARK, CoverSure and GloveBox. Among them, CoverSure secured the most recent funding round in May, 2024.

Medl - 2026 Company Profile, Team, Funding & Competitors

Company Details

Offers secure virtual health insurance card. The company has developed an app that connects patients directly with their doctors and insurance companies. The smartphone-based application provides real-time health benefits information, as well as a centralized location for creating, storing, and sharing patient's medical data. The application creates a better consumer healthcare experience, allowing patients to check-in directly from their smartphones. The check-in feature shares medical history forms' data and displays a real-time cost estimate for that visit. It enables users to see their health insurance benefits information, including co-pays and deductible balances. Patients then have the option to pay for their visit directly from the app using a credit card, bank account, or an HSA/FSA. The web-based application for providers enables doctors to give patients upfront cost estimates for a transparent transaction at the point of service.

Website: medl.io
Social

Key Metrics

Founded Year

2013

Location

Durham, United States

Stage

Acqui-Hired

Total Funding

$448K in 3 rounds

Latest Funding Round

Grant (prize money), May 22, 2014, $*****

Investors

IBX & 3 more

Ranked

23^rd among 90 active competitors

Employee Count

1 as on Jul 31, 2026

Similar Companies

CLARK & 113 more

View Medl's full profile

Medl has raised a total funding of $448K over 3 rounds. Its first funding round was on Jun 01, 2013. Its latest funding round was a Grant (prize money) round on May 22, 2014 for $*****. 1 investor participated in its latest round. Medl has 4 institutional investors.

Here is the list of recent funding rounds of Medl:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 22, 2014	1814433	Grant (prize money)	9972325	4980322	5673589	1707266
Jul 15, 2013	1235713	Seed	5342095	6421306	8352520	1416953
Jun 01, 2013	6027529	Seed	2411753	2781992	7889308	9386498

Access funding benchmarks and valuations. Sign up today!

View details of Medl's funding rounds and investors

The founders of Medl is David Brooks.

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

David Brooks: Cofounder & Head of Marketing of Medl.

View details of Medl's Founder profiles and Board Members

Medl's employee count trend

Medl has 1 employees as of Jul 26. Here is Medl's employee count trend over the years:

Uncover Medl's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Medl include CLARK, CoverSure and GloveBox. Here is the list of Top 10 competitors of Medl, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CLARK 2015, Frankfurt Am Main (Germany), Series C	Provider of insurance brokerage services	$128M	Portage, Target Global & 32 others	65/100
2nd	CoverSure 2023, Mumbai (India), Seed	Provider of insurance portfolio management, risk calculation, and advisory services	$6.6M	Enam Holdings, Volrado Venture Partners Fund ... & 1 others	52/100
3rd	GloveBox 2019, Denver (United States), Series A	Provider of an app-based policy management platform for individuals	$10M	Mercato Partners, Panoramic Ventures & 2 others	51/100
4th	Coverfy 2016, Barcelona (Spain), Series A	Insurance management app	$5.49M	K Fund, 4Founders Capital & 14 others	49/100
5th	Nationsbenefits India, Unfunded	Provider of healthcare benefit platforms for managed care organization members	-	-	49/100
6th	mySofie 2017, Bordeaux (France), Series A	App-based health insurance management platform for individuals	$5.9M	EURO-NMD, Open CNP & 2 others	48/100
7th	McXtra 2015, Mumbai (India), Seed	Insurance-agnostic policy management app	$1.57M	Felix, Crossroad & 24 others	46/100
8th	evermore 2021, United States, Unfunded	evermore	-	-	45/100
9th	SureIn 2021, Berlin (Germany), Seed	App-based comparison platform for property insurance	$5.37M	PactVC, Sequoia Capital & 6 others	43/100
10th	NSDL National Insurance Repository 2011, Mumbai (India), Unfunded	Insurance Repository	-	-	43/100
23rd	Medl 2013, Durham (United States), Acqui-Hired	Provider of a virtual health insurance card for pateints	$448K	MassChallenge, IBX & 2 others	33/100