NEW
YORK, March 4, 2024 /PRNewswire/
-- Healthee, a healthcare tech pioneer, is thrilled to
announce the successful completion of its Series A funding round,
co-led by Fin Capital, Glilot Capital Partners, and Group11, with
strategic partner TriNet (NYSE: TNET) 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.
Healthee raises $32M Series A, revolutionizing employee
healthcare with AI.
The $32 million in 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.
"Reflecting on Healthee's journey from its inception,
this year stands out as pivotal to the company's trajectory", says
Dovi Frances, Founding Partner of
Group 11. "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 of Glilot+, the early growth fund of Glilot Capital Partners,
who is joining Healthee's board, adds: "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.
"We believe that everyone deserves access to quality health
services at a reasonable price", says Guy Benjamin, Healthee's
CEO. "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.
"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," said
Christian Ostberg, General Partner
at Fin Capital, who will be joining Healthee's Board of Directors.
"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."
About Healthee
Healthee, a pioneering health tech
company, is dedicated to reshaping the way employees interact with
their healthcare. 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. For
additional details, please visit Healthee.co or connect with us on
Twitter, Facebook, LinkedIn, Instagram, and Youtube.
About Fin Capital
Founded in 2018, Fin Capital is a global asset manager focused on
full lifecycle investing in B2B FinTech software companies. Fin
Capital is passionate about rolling up its sleeves and partnering
with repeat entrepreneurs that have deep financial services
experience, differentiated products, and a global mindset. Fin is
headquartered in San Francisco,
with offices in Los Angeles,
London, Miami, and New
York. To learn more, visit www.fin.capital.
About Glilot Capital Partners
Glilot Capital Partners,
a multi-stage venture fund, invests in exceptional Israeli
entrepreneurs focusing on Cybersecurity, Cloud Computing, AI/ML,
DevOps, DevTools, and more. Founded in 2011, it manages over $700M+
across funds, offering long-term support from inception to
acquisition. This round is led by Glilot+, the early growth fund of
Glilot Capital Partners, specializing in Series A and B rounds
within its targeted sectors.
About Group11
Group11 is a renowned venture capital firm specializing in
early-stage investments with a focus on groundbreaking
technologies. With a proven track record of identifying and
nurturing innovative companies, Group11 plays a pivotal role in
shaping the future of industries. Their strategic investments span
across sectors such as healthcare, technology, and beyond,
contributing to the success and growth of pioneering ventures.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/healthee-secures-32m-series-a-funding-accelerating-how-employees-interact-with-their-healthcare-302076602.html
SOURCE Healthee Inc