Hixme Insurance Solutions, Inc., an Agoura Hills, Ca-based technology-enabled platform that allows employers to transition to a market-based private benefit exchange, raised $10.14m in a Series A funding.
The round was led by Kleiner Perkins Caufield & Byers (KPCB). In conjunction with the funding, KPCB General Partner Beth Seidenberg, M.D. joined Hixme’s Board of Directors.
The company is investing the proceeds in operational growth to further technology development and its national rollout.
Founded in 2013 by Dan Peate and Karen Albanese and now led by CEO Denny Weinberg, Hixme has created a private exchange that provides employees with access to retail and personalized benefit options specific to where each employee lives and works.
The company currently operates from locations in California with plans to open offices throughout the country in 2016 and 2017.