Healthee secures $32m to scale its operations

Healthee, a healthcare tech pioneer, has managed to secure $32m in its Series A funding round, as it looks to strategically scale its operations.

Healthee, a healthcare tech pioneer, has managed to secure $32m in its Series A funding round, as it looks to strategically scale its operations.

The round, which was co-led by Fin Capital, Glilot Capital Partners, and Group11, with strategic partner TriNet also participating.

The tranche will facilitate the strategic scaling of operations, accelerate product development, and support expansion initiatives, underscoring the company’s unwavering commitment to redefine the healthcare landscape through innovative, AI-driven technology solutions.

Dovi Frances, Founding Partner of Group 11, stated, “Reflecting on Healthee’s journey from its inception, this year stands out as pivotal to the company’s trajectory. TriNet, a top player in the U.S. employer management sector, holds a critical position with exposure to the latest market offerings. Securing an investment from TriNet signifies a profound trust and strategic alignment with a market leader. We are excited to lead another investment round, championing Healthee’s ongoing growth and success as an active board member.”

Guy Benjamin, Healthee’s CEO, stated, “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. Additionally, our tech streamlines operational tasks within organisations, 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.”

Christian Ostberg, General Partner at Fin Capital, who will be joining Healthee’s Board of Directors, added, “Today, the lack of transparency and clarity on healthcare plans results in excessive employer healthcare costs and has contributed to a spike in premium prices over the last -four years. We believe Healthee’s platform leverages AI to simplify the benefits process for both employers and employees alike. We are excited by Guy’s vision to reshape the benefits landscape and look forward to partnering with Healthee in this next phase of growth.”

Focused on enhancing care outcomes and reducing overhead for employers and employees alike, Healthee’s comprehensive platform provides personalised, instant, and uncomplicated answers to coverage, treatment, and benefits questions, end-to-end Open Enrolment support, and tailored preventive care suggestions.

Harnessing the dynamic fusion of innovation and cutting-edge AI technology, Healthee strives to empower individuals in making informed decisions about their well-being, ultimately enhancing care outcomes and reducing overhead for all parties.

Lior Litwak, Managing Partner and Head of Glilot+, the early growth fund of Glilot Capital Partners, who is joining Healthee’s board, commented, “Health navigation remains one of the toughest challenges for American employees across sectors and sizes. Healthee’s GenAI-based solution is a real game-changer in this industry, and a true platform play for managing employers and employees complete health benefit needs. We were greatly impressed by Healthee’s impact not only on employer healthcare costs, but more importantly on employee wellbeing and out-of-pocket spend. We look forward to supporting Healthee on their journey to transform healthcare delivery to U.S. employees.

Copyright © 2024 InsurTech Analyst

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