The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 5/21/22 featuring funding details for Perennial, Unit, Akuity, and thirteen other rounds representing $1.15B in new funding that you need to know about.
Ness Raises $15.5M to Prioritize Health With its Credit Card and Rewards Platform
COVID has transformed how consumers view credit card rewards. Travel-based card owners have had to adjust the way they earn and spend rewards. To address this change in consumer behavior, an increasing number of card providers have enhanced their offerings to provide more lifestyle benefits. The pandemic also introduced a shift in spending behavior that placed an emphasis on personal health. Ness is a new digital credit card and rewards platform that’s focused on integrating wellcare into the credit card industry by incentivizing cardholders to be healthy. The company’s first product is the Ness Rewards platform that allows users to earn rewards for everyday healthy behaviors like going to the doctor, maintaining sound sleep habits, or going to the gym. Accrued rewards can be used with a number of popular health and wellness-focused brands like Sweetgreen, Noom, and One Medical as well as with a network of over 4000 health coaches, nutritionists, and other specialists. Ness is also launching its own suite of credit cards to provide more enhanced benefits by increasing a cardholder’s ability to accumulate rewards for everyday behaviors. All of this serves as a foundation for the company’s plan to expand to offer integrated health insurance benefits. By fostering healthy habits through incentivization, Ness seeks to make wellcare more accessible and affordable, creating a new paradigm for an emphasized and integrated approach to preventative healthcare. AlleyWatch caught up with Ness CEO, Cofounder, and serial entrepreneur Derek Flanzraich (Greatist acquired by Healthline) to learn more about the business, the company’s strategic plans, latest round of funding, and much, much more…
The Weekly Notable Startup Funding Report: 5/16/22
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 5/14/22 featuring funding details for SironLabs, Full Harvest, Civic Eagle, and twenty-two other rounds representing $1.78B in new funding that you need to know about.
Addition Wealth Rasies $4.2M for its Employee Financial Wellness Platform
63% of full-time employees indicate that financial stress has increased during the pandemic; 72% of employees would be attracted to another company that cares more about financial well-being than their existing employers. Keeping employees engaged and satisfied during the current intensified competition for talent is not only good business but absolutely essential. Addition Wealth is a financial wellness platform for employees to receive trusted guidance in navigating their financial circumstances. Employers, through Addition Wealth, are able to offer financial education and tailored solutions to their employees as a workplace benefit with free, unlimited access to certified financial advisers in addition to a suite of digital tools. Founded by an ex-Uber employee, the company is able to address the needs of employees that have significant equity compensation components in addition to handling more traditional financial planning like budgeting, debt management, retirement, taxes, purchase of a home, and educational planning. AlleyWatch caught up with Addition Wealth CEO and Founder Ana Mahony to learn more about how Additional Wealth is democratizing access to financial solutions for employees, the company’s strategic plans, recent round of funding from investors that include Nyca Partners, Core Innovation Capital, and Financial Venture Studio.
Chapter Raises Another $42M to Make Medicare Navigation Seamless for 60M+ Americans
For the 60M+ Americans that are eligible for Medicare, navigating the 24,000+ options available is a difficult and arduous process without help. The open enrollment period also places a time constraint for selecting a plan to meet an insured planned coverage needs. Chapter is a Medicare advisory platform that uses a blend of technology and a trained team of advisors to decipher all plans at a microscopic level, ensuring that members are able to enroll in the plans that are best suited for their needs based on cost and coverage. Typically, Medicare advisors are incentivized by insurance companies to enroll members and naturally, these advisors steer members towards plans that offer the best compensation; often creating a misalignment. Chapter’s advisors are all full-time employees that are not compensated directly based on commissions. Combining this dynamic with plan data that Chapter’s technology generates, members are confident that are receiving unbiased and impartial recommendations. AlleyWatch caught up with Chapter CEO and Cofounder Cobi Blumenfeld-Gantz to learn more about how Chapter eliminates confusion for the millions signing up for coverage through Medicare annually, the company’s strategic plans, latest round of funding from investors that include Addition, Lee Fixel, Narya Capital, Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Health2047 Capital Partners.
The Weekly Notable Startup Funding Report: 12/27/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 12/25/21 featuring funding details for Kneron, Overjet, and seven other rounds that you need to know about.
Chapter Raises $17M to Allow Americans to Navigate the Endless Medicare Plan Options
The open enrollment period for Medicare started on Friday, October 15th and will continue through early December. For the 60M+ Americans, this is a critial period where they can make changes to and add/drop coverage. For most Americans, navigating the 24,000+ options available is a difficult and arduous process without help. Chapter is a Medicare advisory platform that uses a blend of technology and a trained team of advisors to decipher all plans at a microscopic level, ensuring that members are able to enroll in the plans that are best suited for their needs based on cost and coverage. Typically, Medicare advisors are incentivized by insurance companies to enroll members and naturally, these advisors steer members towards plans that offer the best compensation; often creating a misalignment. Chapter’s advisors are all full-time employees that are not compensated directly based on commissions. Combining this dynamic with plan data that Chapter’s technology generates, members are confident that are receiving unbiased and impartial recommendations. AlleyWatch caught up with Chapter CEO and Cofounder Cobi Blumenfeld-Gantz to learn more about the inspiration for the business, the company’s future plans, and latest round of funding from Narya Capital, Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Health2047 Capital Partners.
#NYCtech Week in Review: 9/19/21 – 9/25/21
20 new startup deals totaling $660M+ in new funding for NYC startups last week. NYC Tech News for the week ending 9/25 featuring news for Broker Genius, Chapter, Dash, and much, much more.
The AlleyWatch Startup Daily Funding Report: 9/21/2021
$130M in new funding! The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 9/21/2021 featuring funding details for Pager, Bilt Rewards, and much more.
The Weekly Notable Startup Funding Report: 7/19/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 7/17/21 featuring funding details for Lamba, Cardless, Billd, and thirty-two other rounds that you need to know about.