Zeel Networks, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Zeel Networks, Inc. - overview

Established

2010

Location

New York, NY, US

Primary Industry

Healthcare

About

Zeel Networks, Inc. is a US-based online platform specializing in delivering in-home healthcare services, primarily focused on massage therapy, enhancing wellness through convenient, professional care. Founded in 2010 and headquartered in New York, US, Zeel Networks, Inc. operates a digital marketplace for in-home massage therapy services.


The company has successfully completed a Series A funding round, raising USD 10. 00 mn, led by ECP Growth, with additional participation from New Atlantic Ventures, Partech, Slow Ventures, and Spafinder. Zeel has closed a total of 8 deals, with the most recent funding round occurring on January 12, 2022. The company was founded by Samer Hamadeh, who has a background in establishing other ventures in the wellness and healthcare space.


Zeel provides a range of in-home healthcare services with a primary focus on massage therapy. The core offering includes personalized massage sessions delivered directly to clients' homes or workplaces, aimed at addressing pain relief, stress management, and overall wellness. Customers can easily book appointments through a user-friendly platform, selecting their preferred massage type, therapist gender, and scheduling that is convenient for them. Zeel's therapists are vetted professionals, licensed and insured, ensuring a high standard of care across all services.


The company serves not only individual consumers but also veterans through a fully covered VA benefit program, as well as businesses looking to enhance employee wellness and spas seeking to optimize revenue through massage therapy staffing. Geographically, Zeel operates in various markets across the United States, catering to an extensive client base that includes private individuals, military veterans, employers, and healthcare plans. Zeel generates revenue primarily through direct-to-consumer transactions for its massage therapy services, with a structure that includes one-time appointment fees and potentially recurring bookings for regular clients. Customers can utilize tax-advantaged funds, such as HSA/FSA, to pay for services, reflecting the financial flexibility offered to end-users.


While specific pricing details are proprietary, the service model includes a transparent fee structure based on the type and duration of the massage. Additionally, revenue is supplemented through partnerships with businesses and healthcare plans that integrate Zeel’s services into their employee wellness programs. Overall, Zeel’s approach emphasizes accessibility and convenience, enhancing revenue potential through both individual client bookings and organizational contracts. The company plans to enhance its service offerings with new products currently in development, aimed at expanding its therapeutic portfolio by the end of 2023.


Zeel is also targeting expansion into new geographic markets, specifically the West Coast of the United States, with plans to establish a presence in California and Washington by mid-2024. The recent funding round, which raised USD 10. 00 mn, will support these initiatives, including the launch of new services and market expansion efforts. Furthermore, Zeel Networks, Inc.


secured venture debt funding from Multiplier Capital in January 2022 to bolster its operational capabilities and growth strategies.


Current Investors

Partech Partners, NAV.VC, ECP Growth

Primary Industry

Healthcare

Sub Industries

Consumer Services, Home Healthcare, Nursing Homes & Assisted Living, Web Applications

Website

www.zeel.com

Verticals

E-commerce, Mobile Apps

Company Stage

Series B

Total Amount Raised

Subscriber access only

Zeel Networks, Inc. - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.