Gravie raises $75 million

Health benefits company Gravie has raised $75 million in a Series E round led by Georgian, with participation from existing investors FirstMark Capital, AXA Venture Partners, Split Rock Partners and Revelation Partners.

Gravie’s flagship product – Comfort – is “a first-of-its-kind” comprehensive health plan that eliminates copays and deductibles on most common healthcare services including primary and preventive care, mental health care, specialist visits, labs and imaging, generic prescriptions, online care, and more – all at a cost comparable to plans from legacy insurance carriers.

“Gravie is focused on rebuilding the consumer experience in healthcare from the bottom-up, and creating health benefits solutions that are sustainable long-term for employers. Georgian’s experience with relevant technologies, and the data and platform assets they bring to bear, will be instrumental as we build toward our vision for the future.” – Abir Sen, co-founder and co-CEO of Gravie.

“We are proud to partner with Gravie as they bring much-needed innovation to the health benefits industry. The team’s ability to rapidly scale the business while maintaining attractive unit economics is impressive. We look forward to working with them to build an enduring company that will improve healthcare for all.” – Tyson Baber, lead investor, Georgian.