Gravie, a Minneapolis-based “Insurance Independence” startup, raised $10.5m in a Series A financing.
The round was led by Aberdare Ventures with participation from existing investor FirstMark Capital. In conjunction with the funding, Aberdare Ventures partner Mohit Kaushal, MD, will join Gravie’s Board of Directors.
The company intends to use the funds to scale up its operations and expand its services to all 50 states by 2015.
Founded in 2013 by Abir Sen, CEO, Gravie provides a platform for individuals and employees to select and buy their own insurance coverage, choosing from both private market and public exchange options. It also offers members a number of after-sale services, including ongoing advice and support, trouble-shooting with health plans, an integrated analysis of healthcare spending across all healthcare accounts, help with understanding and paying doctor and hospital bills, and management of these and other healthcare services on one customized platform.