Healthtech startup Healthee secures $32m Series A funding to accelerate growth

Healthtech startup Healthee secures $32m Series A funding to accelerate growth

Published: 05-03-2024 10:05:00 | By: Pie Kamau | hits: 1838 | Tags:

Healthee, a tech healthcare provider, has announced the completion of its $32 million Series A funding round, co-led by Fin Capital, Glilot Capital Partners, and Group11, with strategic partner TriNet also participating. Focused on enhancing care outcomes and reducing overhead for employers and employees alike, Healthee's comprehensive platform provides personalized, instant, and uncomplicated answers to coverage, treatment, and benefits questions, end-to-end Open Enrollment support, and tailored preventive care suggestions.

This new funding 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.

Fin Capital, Glilot, and Group11, bring a wealth of knowledge and resources to the table. Their partnership as co-leaders in this funding round underscores the strength and vision of Healthee's business model, to enable employers to manage health costs effectively, thereby elevating the overall employee experience.

Dovi Frances, Founding Partner, Group 11: "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."

Lior Litwak, Managing Partner and Head, Glilot+: "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.

Guy Benjamin, CEO, Healthee: "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 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."

TriNet, a key contributor to this funding round, brings valuable expertise and resources to further strengthen Healthee's operational capabilities. The collaboration with TriNet aligns seamlessly with Healthee's commitment to building a robust infrastructure that supports its rapid expansion and enhances its ability to deliver high-quality healthcare solutions.

Christian Ostberg, General Partner, Fin Capital:  "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."