TLDR:
Key points:
- Transcarent raised $126 million in Series D funding.
- Chapter secured $50 million in Series C funding.
In May 2024, several major funding announcements were made by payer/employer companies. Transcarent, a San Francisco-based company, raised $126 million in Series D funding to invest in AI, support commercial growth, and bring on new clients. Chapter, based in New York City, secured $50 million in Series C funding to accelerate product development and hiring to support more Americans in need of better healthcare coverage.
Boulder Care, located in Portland, Oregon, raked in $35 million in Series C funding to grow its team and expand its footprint, focusing on treating opioid and alcohol use disorder. Expressable, an Austin-based virtual speech therapy provider, secured $26 million in Series B funding to improve its care delivery platform, expand its clinical network, and grow its partnerships with health plans and providers. Fay, a San Francisco-based company, emerged from stealth with $25 million in funding to enhance its offerings for dietitians and clients. Fay connects patients to virtual and in-person support from registered dietitians, accepts insurance, and partners with employer health plans at companies like Google and Accenture.
