FinTech News
Health Tech Startup Healthee Raises $32 Million
A health tech company focused on changing the way employees interact with their benefits has raised an impressive new round of funds.
About the round:
This week, Healthee announced that it had raised $32 million. The Series A was co-led by Fin Capital, Glilot Capital Partners, and Group 11. Additionally, strategic partner TriNet participated. To date, the company has now raised $55.5 million, including a $22 million seed round (led by Group 11) in 2021.
According to Healthee, the new round of funds will help them to strategically scale their operations and increase the speed of their product development.
About Healthee:
Healthee is a platform that aims to provide a better health benefits experience for both employees and employers. Using the service, employees can gain guidance on their open enrollment options, get answers to their billing and claims questions, make appointments, access telehealth resources, and more. The platform also utilizes AI technology to help individuals make more informed decisions for their well-being.
Additionally, by utilizing Healthee, the startup says that employers can save money. In fact, the site states that companies can achieve savings of up to 14% annually on healthcare expenses.
What they’re saying:
Speaking to the company’s mission and what these funds will mean for its future, Healthee CEO Guy Benjamin said, “We believe that everyone deserves access to quality health services at a reasonable price. We are delighted to amplify our impact through Healthee’s cutting-edge technology, enhancing the lives of millions of employees across the United States by eliminating the challenges of finding affordable care.” Benjamin added, “Additionally, our tech streamlines operational tasks within organizations, fostering a more productive and thriving workplace. We firmly believe that healthy and content employees create a positive ripple effect on those around them, both within the workplace and in their personal lives.”
Elsewhere, Group 11 founding partner Dovi Frances said of the firm’s investment, “Reflecting on Healthee’s journey from its inception, this year stands out as pivotal to the company’s trajectory… We are excited to lead another investment round, championing Healthee’s ongoing growth and success as an active board member.”
My thoughts:
Having previously attempted to navigate my health benefits as an employee, the idea of the Healthee sounds great. Therefore, it’s not surprising to see that the startup is garnering investor attention. On that note, a $32 million Series A is quite an impressive round and represents the promise that the platform holds. Overall, it sounds like the startup is bound to be a health tech and FinTech star.
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