Hint Health, a San Francisco, CA-based provider-focused direct care administration platform that enables doctors to disintermediate the health insurance industry, secured $10m in Series A financing.
The round was led by AXA Venture Partners who is joining the board, with participation from Webb Investment Network, Draper Associates, and healthcare funds Springrock Ventures, Meridian Street Capital, Launchpad Digital Health, and Tom Williams.
The company intends to use the funds to continue expanding operations.
Co-founded in 2013 by Stanford GSB alum Zak Holdsworth and CTO Graham Melcher, Hint Health provides healthcare providers with tools to operate and administer their own plans, and compete directly with insurance-based models.
Clients include Redirect Health, Nextera Healthcare, Wellness For Life, Peakmed, and Parsley Health.