Healia (Healia Health), a healthcare benefits platform built for dual-income families, raised $18 million in funding, including a $14 million Series A round to cut healthcare costs for families.
111° West Capital led the investment round with participation from Y Combinator, First Round Capital, Pioneer Fund, GoAhead Ventures, and North Coast Ventures.
Healia says it will use the fresh funds to expand its sales, engineering, and operations teams in Columbus, Ohio.
Healia is a Columbus, Ohio, healthcare tech startup building health reimbursement arrangements (HRAs) for employers. Its Total Care Option (TCO) reduces benefit costs for employers and out-of-pocket costs for dual-income employees: when an employee enrolls in a spouse’s plan, Healia enables employers to reimburse the family’s out-of-pocket costs in full. Employers using Healia have provided $33 million in additional coverage to their employees since its founding in 2021.
“In 5 years, picking a health plan will work the way it should have all along. Every family will see both plans side by side, know exactly what each one costs them, and get paid back for choosing well. When 30 million households make that decision with full information, the whole market has to respond. Plans will compete for families instead of families accepting the status quo,” said Priyang Shah, founder and CEO of Healia Health.