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.
Brewer Lane Ventures
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.