It's All Gravie: Health Insurance Marketplace Gets $10.5M
March 18, 2014
Gravie, a health insurance marketplace, has secured $10.5 million in Series A funding led by Aberdare Ventures. Existing investor FirstMark Capital also contributed to the round, which brings the total funding raised by the company to about $13 million including a 2013 seed round. The funding will enable the company to scale up its operations and expand its services to all 50 states by 2015.
Gravie helps individuals and employees select and buy their own insurance coverage, choosing from both private market and public exchange options. The company also provides its members with a number of after-sale services, including ongoing advice and support, troubleshooting and help with understanding and paying doctor and hospital bills, among other things. In conjunction with the financing, Aberdare's Mohit Kaushal will join Gravie's Board of Directors.