# Anagram

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/anagram

- Industry: Software
- Headquarters: Santa Monica, US
- Website: www.anagram.care
- Total disclosed funding: $12M
- Latest round: Series A (Dec 23, 2019)
- Investors on record: 9

## About

Anagram Inc. is a technology company providing specialized insurance billing solutions for the eye care sector, streamlining administrative tasks for professionals in ophthalmology, optometry, and opticianry.Anagram Inc. is dedicated to delivering advanced insurance billing solutions tailored for eye care providers. Founded in 2015 in Santa Monica, US, the company has successfully raised USD 9.1 mn in Series A funding as of December 23, 2019, led by ManchesterStory Group with participation from other investors including Synchrony Financial and Waterline Ventures. The founders, Austin Winfield and Christopher Nakayama, have leveraged their experience to enhance operational efficiencies for their clients. Anagram has closed three deals since inception, solidifying its presence in the eye care market.Anagram offers a comprehensive insurance billing software platform specifically designed for ophthalmology, optometry, and opticianry. The platform enables eye care professionals to efficiently handle patient eligibility verification, benefits assessment, claims filing, and order management. By merging these functions, Anagram alleviates the administrative burden that typically consumes up to 80 hours per month for busy practices. The service supports over 2,000 eye care providers across the United States and has facilitated more than USD 400 mn in vision care revenue, significantly improving operational efficiency and profitability in this market.Anagram generates revenue primarily through a subscription-based model, catering to eye care providers using its software for insurance billing management. Clients engage on a contractual basis for ongoing access to the platform, with pricing tailored to suit different practice sizes ranging from independent practitioners to larger enterprises. The company’s focus on enhancing billing transparency and client support fosters long-term relationships, contributing to consistent revenue streams and high client loyalty within the industry.Anagram plans to utilize its recent Series A funding of USD 9.1 mn, secured in December 2019, to expand its software capabilities and develop new products targeting enhanced billing efficiencies. The company aims to penetrate additional geographic markets, specifically targeting the Midwest and Northeast regions of the United States by the end of 2023. These strategic initiatives are designed to broaden their market share and provide comprehensive solutions to a growing number of eye care practices.

## Funding rounds

- Series A, Dec 23, 2019, $9.1M — Rogue Venture Partners, KEC Ventures, Waterline Ventures, Launchpad Digital Health, Healthy Ventures, Synchrony Financial, LLC, ManchesterStory
- Seed, Dec 1, 2016, $2.9M — E-Merge, KEC Ventures, Healthy Ventures, Cantos Ventures

## Investors

- E-Merge (https://capitalatlas.ai/funds/e-merge) — Seed
- KEC Ventures (https://capitalatlas.ai/funds/kec-ventures) — Seed, Series A
- Healthy Ventures (https://capitalatlas.ai/funds/healthy-ventures) — Seed, Series A
- Cantos Ventures (https://capitalatlas.ai/funds/cantos-ventures) — Seed
- Rogue Venture Partners (https://capitalatlas.ai/funds/rogue-venture-partners) — Series A
- Waterline Ventures (https://capitalatlas.ai/funds/waterline-ventures) — Series A
- Launchpad Digital Health (https://capitalatlas.ai/funds/launchpad-digital-health) — Series A
- Synchrony Financial, LLC — Series A
- ManchesterStory (https://capitalatlas.ai/funds/manchesterstory) — Series A