More than 1 in 4 Americans had trouble paying a recent medical bill according to the New York Times. 66.5% of all bankruptcies are tied to medical issues. Despite ACA providing more coverage, often this coverage is not adequate enough to prevent financial strain on families. Brella Insurance is a modern, employer-sponsored supplemental health insurance provider that covers insured members for expenses for 13,000 covered conditions ranging from concussions to cancer. The company, founded in 2019, provides direct payments to the insured allowing them to skip the tedious complex claims and administration processes found with other providers. AlleyWatch caught up with Founder and CEO Veer Gidwaney to learn more about the state of the supplemental insurance market, the company’s plans for a nationwide rollout, recent round of funding from investors that include Brewer Lane, SymphonyAI, Digitalis Ventures, Two Sigma Ventures, New York Life Ventures, and Founder Collective.
A busy day in NYC funding with ten companies raising funding, representing over $300M in new cash.
Over $400M invested in NYC startups this week alone! NYC Tech News for the week ending 8/15 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Skillshare, Thirty Madison, INTURN, and much more…
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 8/11/2020 featuring funding details for NYC’s newest unicorn, Axle, and much more.