Bind Benefits, Inc., a Minneapolis-based health insurance company, raised $105m in Series B funding.
Backers included Ascension Ventures, among others existing investors.
The proceeds from this round will be used to rapidly accelerate the company’s growth and expansion associated with its recent announcement that its personalized health plan will be offered on a fully-insured basis to employers with more than 50 employees, launching immediately in the state of Florida. Bind expects to serve more than 30 states with its fully-insured offering by year-end 2021.
Led by CEO Tony Miller, Bind currently provides a personalized health plan to dozens of employers, including Best Buy, Culligan, Lumen, and Medtronic.