Alaffia Health Raises $5M in Seed Funding

Alaffia Health

Alaffia Health, a NYC-based healthtech company that is using proprietary AI technology to eliminate overpayments on medical claims, raised $5M in Seed funding, bringing its total amount of capital raised to $6.6M.

The round was led by Anthemis with participation from investors including 1984 Ventures, Aperture Venture Capital, Tau Ventures, Twine Ventures, Plug and Play Ventures, ERA’s Remarkable Ventures Fund, and a group of other investors and healthcare leaders.

The company intends to use the funds to both scale its operations and expand its commercial presence.

Co-founded by TJ Ademiluyi and Adun Akanni, Alaffia Health is a healthtech company that is using proprietary AI technology to eliminate overpayments on medical claims. The company offers an AI-driven payment integrity service to healthcare payers such as health plans, third-party administrators, self-insured employers, stop-loss carriers, and government agencies to eliminate overpayments and reduce healthcare costs.

FinSMEs

13/02/2022