AXA backs Gravie

Minneapolis-based benefits company Gravie has raised $28 million in a Series D round of financing led by AXA Venture Partners (AVP), with participation from existing investors FirstMark Capital, Split Rock Ventures and Revelation Partners.

“We are excited to partner with AXA Venture Partners in our mission to heal our broken healthcare system. Over the past couple of years, we have grown revenue four-fold, expanded into several new states, grown our marketplace of benefits including our own innovative insurance plan, Comfort, and most importantly, done all this while consistently getting top satisfaction ratings from employers and their employees. This financing will enable us to continue to scale the business and deliver an innovative approach to health benefits to employers and consumers across the country.” – Abir Sen, co-founder and Executive Chairman of Gravie.

“Gravie is revolutionizing how businesses and their employees access the healthcare system. We are proud to partner with Abir and the Gravie team to scale the company.” – Alex Scherbakovsky, AVP General Partner.