InstaMed
Philadelphia, Pennsylvania, United States
Valuation · 2019
$550M
2021 Revenue
$14.9M
Customers
60K
Funding
$109.3M
Avg ACV
$248
Team
318
Founded
2004
InstaMed Revenue, Valuation & Funding (2021)
InstaMed generated $14.9M in revenue in 2021.
Provider of a payments network designed to connect providers, payers and consumers on one platform. The company's payments network reduces the risks, costs and complexities of working with multiple payment vendors by delivering one platform for all forms of payment in healthcare, designed and developed on one code base and supported by one onshore team of experts in healthcare payments, enabling providers to collect more money from patients and payers while reducing the cost and time to collect.
Last updated
InstaMed Revenue
In 2021, InstaMed's revenue reached $14.9M.
| Year | Milestone | Source |
|---|---|---|
| 2021 | InstaMed Hit $14.9m revenue in April 2021 | Not recorded |
| 2004 | Launched with $0 revenue |
InstaMed Valuation, Funding Rounds
InstaMed reached a $550M valuation in 2019, set during its Valuation round.
InstaMed has raised $109.3M in total funding across 9 rounds, with its most recent round in 2016.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Valuation | - | $550M | - | Not recorded |
| 2016 | Funding round | $50M | - | - | Not recorded |
| 2014 | Funding round | $17M | - | - | Not recorded |
| 2013 | Funding round | $5M | - | - | Not recorded |
| 2013 | Funding round | $3.5M | - | - | Not recorded |
| 2012 | Funding round | $14M | - | - | Not recorded |
| 2011 | Funding round | $5.5M | - | - | Not recorded |
| 2011 | Funding round | $4M | - | - | Not recorded |
| 2010 | Funding round | $6M | - | - | Not recorded |
| 2010 | Funding round | $4.3M | - | - | Not recorded |
Founder / CEO
Bill Marvin
CEO
Bill is a healthcare technology visionary, entrepreneur, thought leader and operator. Bill’s deep experience and expertise in the healthcare payments and revenue cycle industries date back to 1993. He possesses an unwavering passion for leveraging technology to transform the healthcare payments experience for providers, payers and consumers. Since co-founding InstaMed in 2004, Bill has led and scaled the company to power hundreds of billions of dollars in healthcare payments for providers and payers of all sizes nationwide. In July 2019, J.P. Morgan acquired InstaMed. Bill continues to lead InstaMed as CEO, and he is also Managing Director & Head of Healthcare Payments at J.P. Morgan.
Customers
InstaMed serves 60K customers.
InstaMed Employees & Team Size
InstaMed employs approximately 318 people as of 2026. It serves 60K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 318 employees (April 2021) | Not recorded |
Frequently Asked Questions about InstaMed
Who owns InstaMed?
InstaMed is owned by JP Morgan Chase, which acquired it.
What is InstaMed's revenue?
As of 2021, InstaMed generated $14.9M in revenue.
Who founded InstaMed?
InstaMed was founded by Bill Marvin.
When was InstaMed founded?
InstaMed was founded in 2004.
How much funding does InstaMed have?
InstaMed raised $109.3M across 9 rounds.
How many employees does InstaMed have?
As of 2021, InstaMed had 318 employees.
Where is InstaMed headquartered?
InstaMed is headquartered in Philadelphia, Pennsylvania, United States.
Compare InstaMed to the industry
InstaMed operates across multiple industries. Browse revenue, funding, and growth data for InstaMed in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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