Troy Medicare, a Charlotte, N.C.-based pharmacy-powered, technology-driven Medicare Advantage company, raised $10m in Series B funding.
The round was led by AXA Venture Partners with participation from Sunwater Capital.
The company intends to use the funds to continue to expand adoption of its Medicare Advantage plan.
Led by Flaviu Simihaian, CEO and Co-Founder, Troy Medicare provides a Medicare Advantage plan that gives care to underserved communities via partnerships with local, independent pharmacies.
In 2021, the company will expand its offering to dual-eligible Medicare beneficiaries and continue to grow its team and expand its geographic presence.