Gravie Raises $28M in Series D Financing


Gravie, a Minneapolis, MI-based defined contribution healthcare company, raised $28m in Series D financing.

The round was led by AXA Venture Partners, with participation from existing investors FirstMark Capital, Split Rock Ventures and Revelation Partners.

The company intends to use the capital to accelerate continued growth through investments in product and technology, sales and marketing, and expansion into new markets through new and existing distribution channels.

Led by Abir Sen, co-founder and Executive Chairman, Gravie is an innovative health benefits company that allows employers to set to a benefits budget that works for their business, and employees to choose the out-of-pocket maximum that works for them.