The Zero Card, a Tulsa, Okla. and Denver, CO-based data-driven marketplace for the U.S. healthcare system, raised $7m in Series A funding.
The round was led by the George Kaiser Family Foundation (GKFF) with participation from Revolution’s Rise of the Rest Seed Fund. As part of the investment, Robert Thomas, Chief Investment Officer of GKFF, will join The Zero Card Board of Directors.
The company intends to use the funds to open new geographic markets, further round out the executive team, scale the engineering & analytics team and grow the sales and customer success teams.
Led by Jim Millaway, Co-Founder and CEO, The Zero Card works with mid-market, self-insured employers to help them save on their episodic healthcare costs by connecting their plan members with doctors and hospitals in a healthcare marketplace.
The marketplace matches plan members with the right healthcare providers based on cost, quality and convenience.
Employees can still access care through traditional health plan channels, but when they elect to use The Zero Card, their employer is able to lower costs and employees get access to the care they need for $0.