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

Olive Healthcare Overview

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

South KoreaSeoul

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

Olive Healthcare valuation by funding round
DateStageValuation
May 2021Series 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

Olive Healthcare funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2021Series C-$13M$4BOlive 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 2019Series BShinhan Bank; Intops Investment; Partners Investment; Hyundai Investment Partners; Pathfinder H$7M--
Mar 2018Series APartners 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

Investors in Olive Healthcare by funding rounds participated
InvestorHQRoundsRoleFirst check
Partners InvestmentSouth KoreaSeoul2LeadMar 2018
Shinhan BankSouth KoreaSeoul1ParticipantDec 2019
Intops InvestmentSouth KoreaSeoul1ParticipantDec 2019
Korea Investment PartnersSouth KoreaSeoul1ParticipantMar 2018

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Olive 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.

Public and private companies comparable to Olive Healthcare
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Jiangsu BioperfectusChinaChinaPublicly listed$51M$4M$459M-
Detection TechnologyFinlandFinlandPublicly listed$116M$11M$128M0.9x
Telix PharmaceuticalsAustraliaAustraliaPublicly listed$804M$29M$4.2B4.9x
DiasorinItalyItalyPublicly listed$1.4B$410M$4.3B3.7x
Neko HealthSwedenStockholmPrivate--$7B-
Radiology PartnersUnited StatesLos Angeles, CAPrivate$2B-$2B1.0x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Telix Pharmaceuticals$804M$29M5.7x4.9x155.4x77.5x
Diasorin$1.4B$410M3.8x3.7x12.8x11.5x
HeartFlow$176M($99M)23.7x18.3x(42.3x)(109.8x)
GRAIL$147M($407M)19.0x16.3x(6.9x)(7.6x)
Diagens$25M($10M)185.7x-(455.2x)-
Dr. Lal PathLabs$288M$82M11.3x10.4x39.5x36.2x
Veracyte$517M$77M5.4x4.9x36.6x18.0x
NeoGenomics$727M($48M)3.9x3.7x(59.8x)53.8x

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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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