Eden Health nets $25m for its Series B round

Heathcare and insurance company Eden Health has bagged $25m in its Series B round, which was led by Flare Capital Partners.

Other contributions came from private equity firm Stone Point Capital and previous Eden backers Greycroft, PJC, Max Ventures and Aspect Ventures. This investment brings the company’s total funding to $39m.

US-based Eden Health offers employers an integrated solution to provide their employees with primary care, mental healthcare and insurance support. Through the Eden Health app, a company’s employees are partnered with a personal care team which provide 24/ digital support, in-person care at an Eden Health medical office, guidance and referrals, and insurance navigation.

The platform helps consumers with their claim analysis, adjudication and filing, as well as price transparency and price control.

The company has seen interest in its services skyrocket by 500% since March, with the safety or employees and tenants becoming a major priority for property owners and employers, it claims.

Flare partner Dan Gebremedhin said, “One of the things we liked most about Eden Health was its commitment to human-centred design and how it aligns the incentives of healthcare and business.

“What we’re seeing now is that the pandemic has pressed the fast-forward button, bringing both employers and work-sites around to the fact that offloading healthcare labor onto patients and insurance companies is no longer a viable solution. We’re thrilled to partner with Matt, Scott and the Eden Health team to tackle some of the hardest problems in healthcare.”

The startup previously raised $10m in its Series A round last year, with backers including Greycroft, PJC, 645 Ventures and Max Ventures.

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