Announcing HealthJoy’s $30M Series C Funding Round

by | Feb 24, 2020 | Company News

Today, we are excited to share that HealthJoy, the first and only benefits experience platform, has secured $30 million in Series C venture funding.

The round is led by Health Velocity Capital, with participation by existing investors: U.S. Venture Partners, Chicago Ventures, Epic Ventures, Brandon Cruz, and Clint Jones, co-founders of GoHealth. Saurabh Bhansali, Partner at Health Velocity Capital, will be joining our board.

Today is a memorable day for everyone at HealthJoy, their families, our partners, previous investors, our customers, and especially our members. Thousands of members every day depend on us to guide them to affordable, high-quality healthcare, and we strive to deliver the best help possible. Their happiness is our North Star and the driving force behind every choice we make. We plan to use the proceeds of this funding round to accelerate the development of our core platform and improve our service.

Artificial intelligence, top talent, and new partners

Our new funding will allow us to drastically improve our product and include additional intelligence in many parts of our product, including our virtual assistant. We want JOY to be more proactive, helpful and have increased capacity. We plan to improve every aspect of the member’s journey year-round. To make that happen, we’re planning on doubling our engineering talent in our Chicago office. Due to our accelerated growth, we’ll also be expanding our implementation, member services, and customer success teams to deliver industry-leading service. To continue to delight our members, we’ll also be integrating more partners within our platform to help members throughout their healthcare journeys. We want to remove the complexity of being healthy by becoming the most trusted source of healthcare guidance available.

A focused partner

When deciding on a new investment partner, we’ve been selective in who we work with. We always look for someone who brings more than a checkbook; we look for strategic partners who want to bring value to our mission. We couldn’t have asked for a better partner than Health Velocity Capital. For the last 25 years, they have exclusively invested in and helped build healthcare companies looking to create a more affordable, sustainable, consumer-friendly healthcare system. Our missions are aligned, and we look forward to working with them to help shape our company.

 

Join us in changing healthcare

If you’re looking to change your employee’s benefits experience to lower your healthcare costs, increase satisfaction, and reduce benefits questions, get a demo of HealthJoy today. If you’re looking to join a company on a mission to change healthcare, visit our career page. We are planning to hire over 200 new employees in 2020-2021. We would love to speak with you!

Related Posts

How the HealthJoy Benefits Wallet Works

How the HealthJoy Benefits Wallet Works

The HealthJoy benefits wallet makes it easy for our members to find and use their benefits, cutting HR questions and saving everyone time.
Fall 2020 Product Updates

Fall 2020 Product Updates

We've settled into our remote work routines and have focused on tackling some exciting product updates just in time for open enrollment. In addition to delivering some product enhancements for the app and the client dashboard, we’ve also been doing some behind-the-scenes product planning to expand our offering.
How the Pandemic Changed HR’s Views on Virtual Care

How the Pandemic Changed HR’s Views on Virtual Care

2020 changed our minds about virtual care and telemedicine. Here's how—and how to maintain this benefit’s momentum in the years to come.

See the future of benefits

With HealthJoy’s personalized guidance and AI tech, improving your benefits experience has never been easier. Schedule a demo today.

[gravityforms id=9]
<div class='gf_browser_unknown gform_wrapper' id='gform_wrapper_9' ><form method='post' enctype='multipart/form-data' id='gform_9' action='/blog/series-c-funding/'> <div class='gform_heading'> <h3 class='gform_title'>10 Benefits Presentation Tips from TED Talks eBook - 2-Col (Pop-up)</h3> <span class='gform_description'></span> </div> <div class='gform_body'><ul id='gform_fields_9' class='gform_fields top_label form_sublabel_below description_below'><li id='field_9_8' class='gfield gf_left_half gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_9_8' >First Name<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_text'><input name='input_8' id='input_9_8' type='text' value='' class='large' placeholder='First Name' aria-required="true" aria-invalid="false" /></div></li><li id='field_9_9' class='gfield gf_right_half gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_9_9' >Last Name<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_text'><input name='input_9' id='input_9_9' type='text' value='' class='medium' placeholder='Last Name' aria-required="true" aria-invalid="false" /></div></li><li id='field_9_4' class='gfield gf_left_half gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_9_4' >Email<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_email'> <input name='input_4' id='input_9_4' type='text' value='' class='medium' placeholder='Email' aria-required="true" aria-invalid="false" /> </div></li><li id='field_9_5' class='gfield gf_right_half gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_9_5' >Company name<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_text'><input name='input_5' id='input_9_5' type='text' value='' class='medium' placeholder='Company name' aria-required="true" aria-invalid="false" /></div></li><li id='field_9_10' class='gfield gf_left_half gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_9_10' >Company Size<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_select'><select name='input_10' id='input_9_10' class='large gfield_select' aria-required="true" aria-invalid="false"><option value='' selected='selected' class='gf_placeholder'>Company Size</option><option value='1-100' >1-100</option><option value='100-500' >100-500</option><option value='500-3000' >500-3000</option><option value='3000-1000' >3000-1000</option><option value='10000+' >10000+</option></select></div></li><li id='field_9_7' class='gfield gf_right_half gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_9_7' >What Describes You?<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_select'><select name='input_7' id='input_9_7' class='large gfield_select' aria-required="true" aria-invalid="false"><option value='' selected='selected' class='gf_placeholder'>What Describes You?</option><option value='Employer' >Employer</option><option value='Benefit Consultant' >Benefit Consultant</option><option value='TPA' >TPA</option><option value='PEO' >PEO</option><option value='Other' >Other</option></select></div></li> </ul></div> <div class='gform_footer top_label'> <input type='submit' id='gform_submit_button_9' class='gform_button button' value='Get Your eBook' onclick='if(window["gf_submitting_9"]){return false;} window["gf_submitting_9"]=true; ' onkeypress='if( event.keyCode == 13 ){ if(window["gf_submitting_9"]){return false;} window["gf_submitting_9"]=true; jQuery("#gform_9").trigger("submit",[true]); }' /> <input type='hidden' class='gform_hidden' name='is_submit_9' value='1' /> <input type='hidden' class='gform_hidden' name='gform_submit' value='9' /> <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' /> <input type='hidden' class='gform_hidden' name='state_9' value='WyJbXSIsImFkODg5MTk3ZmY1MDIyZGVjZjEyNWI2ODk1Y2YyMGZiIl0=' /> <input type='hidden' class='gform_hidden' name='gform_target_page_number_9' id='gform_target_page_number_9' value='0' /> <input type='hidden' class='gform_hidden' name='gform_source_page_number_9' id='gform_source_page_number_9' value='1' /> <input type='hidden' name='gform_field_values' value='' /> </div> </form> </div><script type='text/javascript'> jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 9) {if(typeof Placeholders != 'undefined'){ Placeholders.enable(); }} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} );</script><script type='text/javascript'> jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [9, 1]) } ); </script>