Simplee, a Palo Alto, Calif.-based developer of an online platform to track, review and and pay medical claims and bills online, has raised a $6m in Series A funding.
The round was led by The Social+Capital Partnership, with participation from existing investor Greylock Partners.
The company intends to use the funding to accelerate its growth strategy through new products, features and partners.
Founded in 2011 by CEO Tomer Shoval, Simplee is a free online tool that categorizes and explains all medical, dental, vision and pharmacy expenses in plain language for its members. Members also receive benefit alerts, payment reminders, deductible updates, and access to electronic bill pay.
The company, which maintains a development center in Israel, will soon introduce a number of large partners (employers, HSA banks, and FSA/HRA administrators) that will use the platform to help their members better manage health plans and medical expenses.
In conjunction with the funding, The Social+Capital Partnerships’ General Partner Ted Maidenberg and Greylock’s Tilli Kalisky joined Simplee’s Board of Directors.