TLDR:
- Auxa Health raised a $5.2M seed round led by Zeal Capital Partners
- The health tech company uses AI to make health benefits navigation easier
Staff and leadership from Auxa Health and Zeal Capital Partners at the NASDAQ. (Courtesy Auxa Health) As billions of dollars in government aid go unused per year, a health tech firm that just wrapped a robust fundraising round is working to streamline benefits access. Auxa Health, a tech company with offices in New York and DC, uses AI to help people get connected to health benefits. The team raised a $5.2 million seed announced on Monday and led by the DC-based venture capital firm Zeal Capital Partners. Existing investor AlleyCorp and new investors K50 Ventures, Laconia Capital Group and Chaac Ventures also participated in the funding round, bringing Auxa Health’s total funding to $6.2 million. The company’s CEO Monica Chopra, who has more than two decades of healthcare experience, aims to make benefit information easily accessible and understandable for all parties involved. The company has already started using its platform in a few states and plans to use the funding to scale the technology and hire more engineers and business development leaders.
Nasir Qadree, the founder and managing partner at Zeal Capital Partners, expressed the firm’s mission to invest in equity-minded companies like Auxa Health that are working to make healthcare and other industries more accessible and affordable. As part of the deal, Zeal Capital Partner Emily Zhen will be joining Auxa Health’s board, bringing expertise in health equity investing. The company’s strategy of using AI to simplify care and benefits stood out to Zhen, who believes in the power of leveraging technology for social good.
