# American Well Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/american-well

- Industry: Healthcare IT
- Headquarters: Boston, US
- Website: https://business.amwell.com/
- Total disclosed funding: $425M
- Latest round: Series C (May 1, 2020)
- Investors on record: 3

## About

American Well Corporation is a US-based telehealth company that provides advanced virtual healthcare solutions, connecting patients with licensed professionals for real-time consultations.Founded in 2006 and headquartered in Boston, US, American Well Corporation focuses on delivering telehealth services. The company underwent a strategic pivot to enhance its technology platform for better patient access. The founders include Nitin Nanda and Roy Schoenberg. In its latest funding round, American Well raised USD 310.22 mn through a Private Placement/Follow on, bringing the total amount raised to USD 310.22 mn.American Well offers a telehealth platform that enables virtual consultations for various medical needs, including urgent care and chronic disease management. Its services cater to healthcare providers, insurers, and employers, facilitating access to care from locations including the US, Canada, and select European regions.In the most recent fiscal year, 2024, American Well reported a revenue of USD 254.36 mn with an EBITDA of USD -181.65 mn.American Well plans to enhance its telehealth offerings with new product features aimed at improving patient engagement, anticipated for release in 2025. The company is targeting expansion into additional international markets, including Asia and South America, by 2026. Recent funding will support these initiatives, particularly in technology enhancements and market entry strategies.

## Funding rounds

- Series C, May 1, 2020, $134M — Takeda Pharmaceutical, Allianz X
- Series C, Jun 29, 2018, $291M — Royal Philips, Allianz X

## Investors

- Royal Philips — Series C
- Allianz X (https://capitalatlas.ai/funds/allianz-x) — Series C
- Takeda Pharmaceutical — Series C