Collective Healths’ client list includes Red Bull, Pinterest, Zendesk and more, and it counts GV, NEA, DFJ Growth and Sun Life among its financial backers. Its platform is an integrator for the various insurance and benefit providers that large employers offer to their employees, and provides access to info, as well as claims filing, eligibility checks and data sharing across vendors. The funding will also help with additional engineering hires to continue to build out the platform.
The funding will help the company add more partner providers, a process that’s key to continued growth as it seeks to expand its footprint and ensure that it can serve customers and their employees across the U.S. In addition to the Vision Fund, this round included new investors PSP Investments, DFJ Growth and G Squared, as well as new participation from existing investors.