Sana, an Austin, Texas-based provider of health insurance for small and midsize businesses, closed a $20M Series A extension funding.
Backers included Gigafund, American Family Ventures, Breyer Capital, JAM Fund, Harmon Brothers Ad Ventures, Trust Ventures and mark vc.
The company intends to use the funds to invest in strategic initiatives such as advanced primary care and to accelerate their expansion into new markets and within their existing footprint, in key aspects of their value-based care approach, including zero-cost care options, digital health offerings, care navigation, and building a new network of high-quality providers committed to fair pricing practices, and expand its direct sales model.
Led by Will Young, CEO and Co-Founder, Sana provides small and midsize businesses with Fortune 500-level healthcare via a care ecosystem of providers, direct primary care, and more. The company enables the administration of benefits for employers and offers simplified health plans and customer service to employees.
Currently, Sana is available in Arizona, Oklahoma, Texas, Illinois, and Kentucky.