Handl Health, a Los Angeles, CA-based provider of an AI platform built to help benefits consultants design and deliver health benefits, raised $2.5M in Seed funding.
The round was led by Mucker Capital and Everywhere VC, with participation from Tau Ventures, Riverfront Ventures, DHVP (Digital Health Venture Partners), Boutique Venture Partners, Plug and Play Ventures and Techstars.
The company intends to use the funds to invest in further advancing its analytics and workflow automation capabilities.
Founded by Ahmed Marmoush and Ria Shah, Handl Health provides an AI platform that aggregates and analyzes publicly available healthcare pricing data to help benefits consultants convert new business, retain clients and execute on savings opportunities.
In addition to their seed funding, Handl Health has been awarded a $1.3M Phase II SBIR grant from the National Institute of Nursing Research of the NIH (Award Number R44NR021119) to drive the development of an interconnected system that manages pre-appointment billing and payment of healthcare services between third party administrators, providers and plan members.
Commenting on the news, Ahmed Marmoush said: “This funding not only fuels our growth but also affirms our commitment to empowering brokers and transforming the way health plans are built and managed.”
FinsMEs
25/04/2024