Transcarent - About the company
Transcarent is a series D company based in San Francisco (United States), founded in 2018 by Glen Tullman. It operates as a Provider of employee health benefits solutions. Transcarent has raised $424M in funding from investors like General Catalyst, 7wire Ventures and Kinnevik, with a current valuation of $2.2B. The company has 832 active competitors, including 205 funded and 115 that have exited. Its top competitors include companies like Accolade, Hinge Health and Practo.
Sectors and market segments that Transcarent operate in
Transcarent serves in the HealthTech market segments.The primary business model of Transcarent is:Company Details
Provider of employee health benefits solutions. Platform offers AI-powered tool that guides users through their healthcare journey, helping them navigate benefits, clinical guidance, and care delivery. The platform connects users with both virtual and in-person care options and support for various health needs, including mental health, cancer care, and weight health.
- Website
- transcarent.com
- Social
- Email ID
- *****@transcarent.ai
- Registered Address
- San Francisco (United States)
Key Metrics
Founded Year
2018
Location
San Francisco, United States
Stage
Series D
Total Funding
$424M in 4 rounds
Latest Funding Round
Post Money Valuation
$2.2B as on May 02, 2024
Investors
Ranked
20th among 832 active competitors
Employee Count
709 as on Mar 31, 2026
Legal entities associated with Transcarent
Transcarent is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Transcarent, Inc. CIN: 84-3296541 , United States, Active | Dec 31, 2017 | - | 348 (As on Dec 31, 2024) | - |
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Transcarent's funding and investors
Transcarent has raised a total funding of $424M over 4 rounds. Its first funding round was on Oct 22, 2020. Its latest funding round was a Series D round on May 02, 2024 for $126M. 11 investors participated in its latest round. Transcarent has 19 institutional investors.
Here is the list of recent funding rounds of Transcarent:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 02, 2024 | $126M | Series D | $2.2B | - | ||
Jan 11, 2022 | $200M | Series C | $1.62B | - | ||
Jun 10, 2021 | $58M | Series B | - | - |
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Transcarent's founders and board of directors
Founder? Claim ProfileThe founders of Transcarent is Glen Tullman. Glen Tullman is the CEO of Transcarent.
Here are the details of Transcarent's key team members:
- Glen Tullman: Founder & CEO of Transcarent and founder of 1 other company. They are also an angel investor in 5 startups.
Transcarent's Board of Directors
Transcarent's board has 7 active members. Hemant Taneja, Glen Tullman, Lee Shapiro, Holly Maloney, Erica Davila, Stephanie Peng and Ken Frazier are independent board members.Here is the list of Transcarent's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 0y 8m | |
Independent board member | - | Current | 0y 8m | |
Independent board member | - | Current | 0y 8m | |
Independent board member | - | Current | 0y 8m | |
Independent board member | - | Current | 0y 8m | |
Independent board member | - | Current | 0y 8m | |
Independent board member | - | Current | 0y 8m |
View details of Transcarent's Founder profiles and Board Members
Transcarent's employee count trend
Transcarent has 709 employees as of Mar 26. Here is Transcarent's employee count trend over the years:
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Transcarent's Competitors and alternates
Top competitors of Transcarent include Accolade, Hinge Health and Practo. Here is the list of Top 10 competitors of Transcarent, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Accolade 2007, Plymouth Meeting (United States), Acquired | Cloud-based platform for employee health benefits | $228M | 84/100 | |
2nd |  Hinge Health 2015, San Francisco (United States), Public | Provider of virtual physical therapy and digital pain care solutions | $854M | 82/100 | |
3rd | Online platform for booking doctor appointments and consulting healthcare professionals | $228M | 78/100 | ||
4th | Provider of employee health benefits platform offering integrated healthcare services | $27M | 77/100 | ||
5th | Bswift 1996, Chicago (United States), Acquired | Provider of benefits administration solutions for enterprises | $51M | 74/100 | |
6th | Visit Health 2016, Noida (India), Series A | Operator of a platform providing wellness and outpatient healthcare benefit solutions | $7.79M | 74/100 | |
7th |  Wellhub 2012, New York City (United States), Series F | Cloud based corporate wellness program for employee health, productivity, and retention | $85M | 73/100 | |
8th | Sharecare 2010, United States, Acquired | Provider of health and wellness social network for employees | $64M | 73/100 | |
9th | Provider of SaaS based digital platform to manage employee health benefits | $242M | 73/100 | ||
10th |  Eden Health 2004, New York City (United States), Acquired | Provider of medical practice platform for concierge physician and employee | $103M | 72/100 | |
20th | Transcarent 2018, San Francisco (United States), Series D | Provider of employee health benefits solutions | $424M | 69/100 |
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Transcarent's Investments and acquisitions
Transcarent has acquired 3 companies including Accolade, 98point6 and BridgeHealth. Transcarent has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
- | Acquisition | 2007 | Denver (United States) | |
Jan 08, 2025 | Acquisition | 2007 | Plymouth Meeting (United States) | |
Mar 06, 2023 | Acquisition | 2015 | Seattle (United States) |
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Reports related to Transcarent
Here is the latest report on Transcarent's sector:
News related to Transcarent
Filter this listMedia has covered Transcarent for a total of 4 events in the last 1 year, 2 of them have been about people movement and 1 about company updates.
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Transcarent Partners with Bluespine to Launch Payment Integrity Category for Self-Insured EmployersHIT Consultant•Mar 17, 2026•Transcarent, , Bluespine
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Transcarent Welcomes Erica Palsis as Chief Legal OfficerWorld Business Outlook•Oct 21, 2025•Transcarent
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Accolade Stockholders Approve Merger Between Accolade and TranscarentGlobeNewswire•Mar 28, 2025•Accolade, Transcarent
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The M&A Class Action Firm Continues To Investigate The Merger – YOTA, PORT, ACCD, ESSABenzinga•Feb 22, 2025•Monteverde, Driveitfg, Angel Studios, Accolade and 4 others
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Transcarent to acquire Accolade in $621M dealSeeking Alpha•Jan 08, 2025•Transcarent, Accolade, Evercore, Wilson Sonsini Goodrich & Rosati and 3 others
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