The Helper Bees, an Austin TX-based insurtech company, raised $12M in Series B funding.
The round was led by Trust Ventures, with participation from Silverton Partners, Northwestern Mutual Future Ventures, Impact Engine, and Congress Avenue Ventures.
The company intends to use the funds to expand their in-home service offerings to expand its Aging-in-Place Marketplace services and delivery to reach a wider variety of aging Americans.
Led by Char Hu, Ph.D. and CEO, The Helper Bees is a full-service insurtech company that creates innovative aging-in-place solutions for both payers and insureds. The company is focused on conscientious member engagement and is backed by a regulatory platform powered by healthAlign, a company pioneering supplemental benefit administration in Medicare Advantage. Using its network and technology platform, The Helper Bees can deploy a range of services into the home. Older adults can access vetted vendors directly through the Aging-in-Place Marketplace, which serves as an e-commerce platform for services that support independent aging. The platform provides carriers with a singular tool for complete and simplified administration, dramatically increasing their ability to scale their in-home offerings.
Through its second company acquisition, healthAlign, earlier this year, The Helper Bees entered the Medicare Advantage market just as MA plans were expanding their in-home service offerings to create a more meaningful aging-in-place solution for plan members.