ADURO, Inc.

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ADURO, Inc. - overview

Established

2001

Location

Redmond, WA, US

Primary Industry

Business Support Services

About

ADURO, Inc. is a health and wellness company specializing in innovative solutions designed to enhance employee well-being through a variety of integrated platforms and services. Founded in 2001 and headquartered in Redmond, US, ADURO, Inc. focuses on developing health management solutions for organizations.


The company was established by Mark Thompson and has seen a strategic pivot towards comprehensive employee wellness offerings in recent years. With only one recorded deal, the latest funding was a GROWTH round in January 2019, where ABRY Partners invested USD 22 mn, bringing the total amount raised to USD 22 mn. The current CEO is Darren White, who leads the company in its mission to improve workforce health outcomes. ADURO specializes in health and wellness solutions through its core product offerings, including the Aduro Connect Platform, Connect Care, Wellmetrics, Human Performance Coaching, and Mental Health and Resilience services.


The Aduro Connect Platform utilizes a proprietary LEAP framework to integrate health management tools aimed at enhancing employee well-being. Connect Care focuses on preventing and managing cardiometabolic conditions while Wellmetrics provides health screenings and assessments. Human Performance Coaching grants access to board-certified coaches and over 800 digital self-service experiences, serving a diverse clientele mainly in the US, along with markets in Canada and select European countries. ADURO generates revenue through a subscription-based model, partnering with organizations to deliver their comprehensive wellness solutions.


Clients engage in service agreements that cover various offerings, including the Aduro Connect Platform and coaching services. Pricing structures are typically tiered based on employee enrollment and specific services utilized, such as the Connect Care program, which includes personalized health assessments and continuous monitoring. Revenue primarily stems from B2B transactions, with potential additional income from usage-based fees for specific coaching or assessment services. Following the GROWTH funding round in January 2019, ADURO plans to leverage the USD 22 mn investment to enhance its product offerings and expand into new markets.


The company is working on launching new features within the Aduro Connect Platform, aimed at improving user engagement, with anticipated release dates in the coming year. Additionally, ADURO aims to penetrate further into the Canadian and European markets by 2024, targeting organizations seeking innovative health solutions.


Current Investors

Abry Partners

Primary Industry

Business Support Services

Sub Industries

Business Support Services, HR & Workforce Software

Website

www.adurolife.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

ADURO, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedADURO, Inc.-

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