New York-based Healthee, a healthcare advantages navigation platform, introduced an oversubscribed $50 million Collection B funding increase led by Key1 Capital.
Current traders Group11, Fin Capital and Glilot Capital Companions additionally participated within the spherical.
The corporate stated in an announcement that it didn’t formally launch the increase however somewhat was approached by the spherical’s lead investor after monitoring the corporate’s progress.
WHAT IT DOES
Healthee provides a platform that solutions staff’ questions concerning advantages, protection and therapy. It additionally supplies open enrollment assist and preventative care suggestions.
The corporate will use the funds to increase its choices and scale its operations.
“The truth that this spherical got here collectively with out us actively searching for it speaks volumes,” Man Benjamin, CEO and cofounder of Healthee, stated in an announcement.
“Our traders see what we see: an enormous alternative to alter how staff expertise healthcare and the way employers ship it. This funding offers us the sources to speed up that mission and proceed delivering a greater, smarter technique to navigate advantages.”
MARKET SNAPSHOT
Final yr, Healthee scored $32 million in a Collection A funding spherical.
The corporate launched in 2021 as Insurights, at which era it raised $22 million in seed funding. It was rebranded to Healthee in 2022.
In 2023, Healthee introduced a collaboration with human sources firm TriNet to offer its prospects with entry to Healthee’s advantages navigation choices, together with people who assist staff select the appropriate healthcare advantages and navigate present advantages.
Different firms providing healthcare advantages navigation embrace Solace, which secured $60 million in Collection B funding this month, lower than one yr after scoring $14 million in Collection A funding.
Sharecare additionally provides a digital healthcare navigation platform for people, employers, authorities organizations, communities, well being plans and suppliers.
The as soon as publicly traded firm was acquired by funding agency Altaris in 2024 in a $518 million deal that noticed Sharecare go personal.
Different firms within the house embrace Glen Tullman’s firm Transcarent, Rightway, and Pebble.
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