Gravie raises $50M in equity to expand employer health benefits plan
What's the deal? Gravie, a provider of employer health benefits, has raised $50 million in equity, according to a recent SEC filing.
The round was backed by General Atlantic, FirstMark CapitalDealroom has a profile for this one. Try Dealroom →, and AXA Venture PartnersDealroom has a profile for this one. Try Dealroom →.
Gravie sells a health plan built for small and medium-sized businesses, covering employees and their families. It now serves more than 1,200 businesses nationwide.
Why now? The investment lands amid renewed interest in healthtech and digital health, with several large funding rounds across the sector.
Gravie plans to use the cash to expand its flagship health plan and fuel further growth.
The signal: Now a late-stage company, Gravie has drawn backing from heavyweight investment funds including General Atlantic and AXA Venture Partners — a mix that signals confidence in its ability to scale a health plan aimed at the long-underserved small and medium-sized business market.
Read more: SEC Form D · AInvest
