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- Olive Healthcare
Olive Healthcare Valuation, Funding & Investors
Olive Healthcare is valued at $4B as of May 2021.
Last Olive Healthcare valuation
$4B
Series C · May 2021
Last Olive Healthcare funding round
$13M
Series C · May 2021
Cumulative funding Olive Healthcare raised
$23M
across 3 funding rounds
Key investors in Olive Healthcare
Partners Investment
Korea Investment Partners
Hyundai Investment Partners
Intops Investment
Pathfinder H
Shinhan Bank
About Olive Healthcare
Seoul-based Olive Healthcare develops noninvasive near-infrared devices for abdominal fat measurement and breast cancer screening. Employing AI algorithms and big data, its portable scanners provide customized diagnostic reports without radiation.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$4B (May 2021)
Olive Healthcare Valuation
Olive Healthcare is currently valued at $4B, based on its Series C in May 2021.
Olive Healthcare valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series C | $4B |
Olive Healthcare Funding History
Olive Healthcare has raised a total of $23M across 3 funding rounds.
Olive Healthcare's first fundraising round was a $3M Series A in March 2018. The most recent completed round was a $13M Series C in May 2021.
Olive Healthcare funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2021 | Series C | - | $13M | $4B | Olive Healthcare is a Cleveland-based automation company providing AI-powered software to handle repetitive administrative tasks for hospitals, such as prior authorizations, inventory management, and insurance verification. Its AI workforce connects patients, providers, and payers, and is deployed in over 900 hospitals across more than 40 U.S. states, including 20 of the top 100 health systems. The company strengthened its offerings through the acquisition of Empiric Health for clinical analysis capabilities and launched products like Olive Assure for instant claim payments and Olive Helps as a free tool for healthcare workers. In July 2021, Olive closed a $400 million funding round led by Vista Equity Partners with participation from Base10 Partners Advancement Initiative, achieving a $4 billion post-money valuation. This round brought total funding to $902 million since inception in 2012, with $832 million raised since March 2020, following a prior $1.5 billion valuation in December 2020. The capital supports scaling product development, expanding to new clients, doubling staff to over 1,600 employees, and opening its platform via the Loop Development Kit to a developer community. Olive positions itself as a transformative force in healthcare AI, automating workflows to improve efficiency and interoperability amid rising industry adoption of AI technologies. |
| Dec 2019 | Series B | Shinhan Bank; Intops Investment; Partners Investment; Hyundai Investment Partners; Pathfinder H | $7M | - | - |
| Mar 2018 | Series A | Partners Investment (lead); Korea Investment Partners | $3M | - | - |
Who has invested in Olive Healthcare?
6 investors have backed Olive Healthcare across its funding rounds, including Partners Investment, Korea Investment Partners, Hyundai Investment Partners, Intops Investment, Pathfinder H and Shinhan Bank.
Lead investors include Partners Investment.
Olive Healthcare Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2018 | ||
| 1 | Participant | Dec 2019 | ||
| 1 | Participant | Dec 2019 | ||
| 1 | Participant | Mar 2018 | ||
This data is available for Pro users. Sign up to see all 6 Olive Healthcare investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOlive Healthcare Competitors
Olive Healthcare competitors include listed companies like Jiangsu Bioperfectus, Detection Technology, Telix Pharmaceuticals and Diasorin, and private ones like Neko Health and Radiology Partners.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $51M | $4M | $459M | - | ||
| Publicly listed | $116M | $11M | $128M | 0.9x | ||
| Publicly listed | $804M | $29M | $4.2B | 4.9x | ||
| Publicly listed | $1.4B | $410M | $4.3B | 3.7x | ||
| Private | - | - | $7B | - | ||
| Private | $2B | - | $2B | 1.0x |
Olive Healthcare Public Comps
Olive Healthcare is still privately-owned, but its public comps include Telix Pharmaceuticals, Diasorin, HeartFlow, GRAIL, Diagens, Dr. Lal PathLabs, Veracyte, NeoGenomics, Fleury and Alamar Biosciences.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $804M | $29M | 5.7x | 4.9x | 155.4x | 77.5x | |||
| $1.4B | $410M | 3.8x | 3.7x | 12.8x | 11.5x | |||
| $176M | ($99M) | 23.7x | 18.3x | (42.3x) | (109.8x) | |||
| $147M | ($407M) | 19.0x | 16.3x | (6.9x) | (7.6x) | |||
| $25M | ($10M) | 185.7x | - | (455.2x) | - | |||
| $288M | $82M | 11.3x | 10.4x | 39.5x | 36.2x | |||
| $517M | $77M | 5.4x | 4.9x | 36.6x | 18.0x | |||
| $727M | ($48M) | 3.9x | 3.7x | (59.8x) | 53.8x | |||
This data is available for Pro users. Sign up to see all Olive Healthcare competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Olive Healthcare
| When was Olive Healthcare founded? | Olive Healthcare was founded in 2016. |
| Where is Olive Healthcare headquartered? | Olive Healthcare is headquartered in Seoul, South Korea. |
| Is Olive Healthcare publicly listed? | No, Olive Healthcare is a private, VC-backed company. |
| What is Olive Healthcare's valuation? | Olive Healthcare was last valued at $4B in its Series C in May 2021. |
| How much funding has Olive Healthcare raised? | Olive Healthcare has raised $23M across 3 funding rounds. |
| What was Olive Healthcare's last funding round? | Olive Healthcare's last funding round was a $13M Series C in May 2021. |
| Who are Olive Healthcare's investors? | Olive Healthcare's investors include Partners Investment, Shinhan Bank, Intops Investment, Korea Investment Partners, Hyundai Investment Partners and Pathfinder H. |
| Which companies are comparable to Olive Healthcare? | Companies comparable to Olive Healthcare include Jiangsu Bioperfectus, Detection Technology, Telix Pharmaceuticals, Diasorin, Neko Health and Radiology Partners. |
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