Picwell - About the company
Picwell is an acquired company based in Philadelphia (United States), founded in 2012 by Bob Town, Ani Vemprala, Tom Baker and Jonathan Kolstad. It operates as a Predictive analytics for personalized health insurance decision-making for employees. Picwell has raised $14M in funding from MassMutual Ventures and BVF. The company has 560 active competitors, including 141 funded and 97 that have exited. Its top competitors include companies like Hinge Health, Sharecare and Castlight.
Company Details
Picwell operates an online predictive recommendation engine that enables consumers to select their health plan. It simultaneously helps businesses that sell plans to reach consumers and employers that provide employees with plans to save money. The company forecasts consumer's future healthcare needs using predictive analytics on lifestyle, behavioral, and financial data, as well as various health claims.
- Website
- picwell.com
- Email ID
- *****@picwell.com, *****@picwell.com
- Registered Address
- Philadelphia, Pennsylvania
Key Metrics
Founded Year
2012
Location
Philadelphia, United States
Stage
Acquired
Total Funding
$14M in 4 rounds
Latest Funding Round
Investors
Ranked
105th among 560 active competitors
Employee Count
18 as on Mar 31, 2022
Exit Details
Acquired by Jellyvision (Jan 09, 2023)
Legal entities associated with Picwell
Picwell is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PICWELL, INC. CIN: 462626035 , United States, Active | Apr 14, 2013 | $1M - $5M (As on Dec 28, 2015) | 18 (As on Dec 31, 2022) | - |
Picwell's acquisition details
Picwell got acquired by Jellyvision on Jan 09, 2023.
Click here to take a look at Picwell's acquisition in detail
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Picwell's funding and investors
Picwell has raised a total funding of $14M over 4 rounds. Its first funding round was on Jul 06, 2015. Its latest funding round was a Series B round on Feb 20, 2018 for $*****. 4 investors participated in its latest round. Picwell has 9 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Picwell:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 20, 2018 | 3526801 | Series B | 7387743 | 6730183 | 9934240 | 2495998 |
Jan 12, 2016 | 4994928 | Series A | 9181250 | 1782077 | 6738608 | |
Dec 28, 2015 | 7525572 | Series A | 2713375 | 3866886 | 9974151 | 9768830 |
View details of Picwell's funding rounds and investors
Picwell's founders and board of directors
Founder? Claim ProfileHere are the details of Picwell's key team members:
- Bob Town: Former Co-Founder of Picwell.
- Ani Vemprala: Former Co-Founder of Picwell.
- Tom Baker: Former Co-Founder of Picwell.
- Jonathan Kolstad: Former Co-Founder of Picwell.
View details of Picwell's Founder profiles and Board Members
Picwell's employee count trend
Picwell has 18 employees as of Mar 22. The total employee count is 18.0% lower than what it was in Mar 21. Here is Picwell's employee count trend over the years:
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Picwell's Competitors and alternates
Top competitors of Picwell include Hinge Health, Sharecare and Castlight. Here is the list of Top 10 competitors of Picwell, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Hinge Health 2015, San Francisco (United States), Public | Provider of virtual physical therapy and digital pain care solutions | $854M | 84/100 | |
2nd | Sharecare 2010, United States, Acquired | Provider of health and wellness social network for employees | $64M | 78/100 | |
3rd | Castlight 2008, San Francisco (United States), Acquired | Cloud-based healthcare information on providers and pricing for enterprises | $181M | 76/100 | |
4th | Provider of integrated healthcare services encompassing care delivery, financial solutions, and pharmacy services | - | 75/100 | ||
5th | Wellhub 2012, New York City (United States), Series F | Cloud based corporate wellness program for employee health, productivity, and retention | $85M | 74/100 | |
6th | HealthEquity 2002, Draper (United States), Public | Employee benefits management platform for individuals and businesses | $15.3M | 74/100 | |
7th | Accolade 2007, Plymouth Meeting (United States), Acquired | Cloud-based platform for employee health benefits | $228M | 74/100 | |
8th | Sword Health 2015, New York (United States), Series E | Provider of AI-powered digital physical therapy and pelvic health solutions | $450M | 74/100 | |
9th | Chapter 2013, New York City (United States), Series E | Digital medicare plan and benefits management tool for employees and individuals | $284M | 73/100 | |
10th | Businessolver 1998, West Des Moines (United States), Late Stage | Cloud-based employee benefits administration solution | $65.2M | 73/100 | |
105th | Picwell 2012, Philadelphia (United States), Acquired | Predictive analytics for personalized health insurance decision-making for employees | $14M | 46/100 |
Looking for more details on Picwell's competitors? Click here to see the top ones
Picwell's Investments and acquisitions
Picwell has made no investments or acquisitions yet.
Reports related to Picwell
Here is the latest report on Picwell's sector:
News related to Picwell
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Jellyvision Acquires Picwell to Power Highly Personalized Employee Benefits ExperiencesGlobeNewswire•Jan 09, 2023•Jellyvision, Picwell
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TouchCare and Picwell Partner to Simplify Plan Selection and Enhance Decision SupportBusiness Wire•Jun 02, 2021•TouchCare, Picwell
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Alegeus and Picwell Partner to Deliver Smart Decision Support for 2020 Open EnrollmentBusiness Wire•Jul 30, 2019•Alegeus, Picwell
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Picwell Raises $4 Million Series B Led By Aflac’s Venture ArmCitybizlist•Feb 22, 2018•Picwell, Aflac, BlueCross BlueShield Venture Partners, MassMutual and 1 other
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