Pebble, a Seattle, WA-based company dedicated to providing comprehensive health benefits, added $12M to close out a $17M in Seed funding.
The round was led by XYZ Venture Capital with participation from Founders’ Co-op. XYZ’s Ross Fubini joined the company’s board of directors.
The company intends to use the funds to scale its go-to-market teams as well as to invest in ongoing product development.
Led by CEO Manoj Pinna, Pebble provides a healthcare benefits technology platform that enables startups to offer affordable healthcare to their employees through customized health plans covering people across all 50 states.
Pebble partners with all major health carriers to create packages tailored to each company’s needs, goals, and budget. In addition to developing plans, health reimbursement arrangements (HRAs) and flexible spending accounts (FSAs), the company also steps up when benefits like mental health or fertility coverage can’t be negotiated or worked into a company’s package with a single carrier. It leverages tools available as a Third-Party Administrator to help manage costs, filling in these gaps left by large insurance carriers.
The technology integrates with Gusto, Rippling, Justworks, ADP and more. Early customers include startups like Joshu, Dendron and Mystery.
FinSMEs
07/12/2022