FundedIQ
Health Care

Spencer Health Solutions: Funding, Investors & Team (Oct 2026)

Spencer Health Solutions is transforming healthcare by moving care delivery to the home. The company’s spencer adherence and engagement platform extends access and enables virtual care by making it simple for patients, family caregivers, pharmacists, and other healthcare providers to stay in touch. Their ability to provide products that help people live healthy and independent lives is what sets us apart. That’s why we’ve introduced spencer as the future of connected care. Spencer Health Solutions is the provider of an advanced in-home medication dispenser intended to make easier for people to live healthy and independent lives. The company's medication dispenser is provided via application that sends alert if medication is missed, enabling aged and chronically-ill individuals to self-manage their medications.

spencerhealthsolutions.com LinkedIn Morrisville, United States 51-100 employees
Health Care Medical Device Pharmaceutical
Total raised
$21.0M
Rounds
2
Latest
Undisclosed round
May 2023

Spencer Health Solutions has raised $21.0M across 2 funding rounds on record, the most recent an undisclosed round of $6.0M announced in May 2023.

That round is above the $4.9M median round size for Health Care companies tracked on FundedIQ over the last two years.

Spencer Health Solutions Company Profile and Key Stats

Total funding raised
$21.0M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Undisclosed round
$6.0M in May 2023
Employees
51-100
reported band
Headquarters
Morrisville, United States

Latest funding round on record: May 2023.

Spencer Health Solutions Funding Rounds

Date
Round
Amount
Undisclosed round
$6.0M
Debt Financing
$15.0M

Spencer Health Solutions raised $15.0M in a Debt Financing announced in Dec 2021.

1.4 years later, an undisclosed round of $6.0M was announced in May 2023.

Spencer Health Solutions Founders and Leadership Team

Name
Role
Contact
Thomas Rhoads
Founder
Locked

Contact details for the Spencer Health Solutions team: 1 of 1 has an email address on file.

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Spencer Health Solutions Funding Compared to Other Health Care Startups

Segment
Companies
Median round
3,659
$4.9M
30,234
$7.6M

Spencer Health Solutions' latest round of $6.0M is above the median round in Health Care. Medians cover the last 24 months of disclosed rounds.

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Spencer Health Solutions Funding FAQs

What does Spencer Health Solutions do?

Spencer Health Solutions is transforming healthcare by moving care delivery to the home. The company’s spencer adherence and engagement platform extends access and enables virtual care by making it simple for patients, family caregivers, pharmacists, and other healthcare providers to stay in touch. Their ability to provide products that help people live healthy and independent lives is what sets us apart. That’s why we’ve introduced spencer as the future of connected care. Spencer Health Solutions is the provider of an advanced in-home medication dispenser intended to make easier for people to live healthy and independent lives. The company's medication dispenser is provided via application that sends alert if medication is missed, enabling aged and chronically-ill individuals to self-manage their medications.

How much funding has Spencer Health Solutions raised?

Spencer Health Solutions has raised $21.0M across 2 rounds on record. The most recent is an undisclosed round of $6.0M announced in May 2023.

When did Spencer Health Solutions last raise funding?

Spencer Health Solutions' most recent funding round on record is an undisclosed round of $6.0M, announced in May 2023.

Who founded Spencer Health Solutions?

FundedIQ lists Thomas Rhoads (Founder) at Spencer Health Solutions.

Where is Spencer Health Solutions headquartered?

Spencer Health Solutions is based in Morrisville, North Carolina, United States.

How many employees does Spencer Health Solutions have?

Spencer Health Solutions is in the 51-100 employee band.

How does Spencer Health Solutions' funding compare to other Health Care startups?

Spencer Health Solutions' latest round of $6.0M is above the $4.9M median round size for Health Care companies on FundedIQ across 3,659 tracked companies over the last two years.

About FundedIQ's Spencer Health Solutions Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Spencer Health Solutions is left off this page rather than filled in.

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