US-based health insurance services provider EasyHealth has received $135m in equity and debt financing from investors including Nationwide Ventures, the venture capital arm of insurance and financial services group Nationwide.
Venture investment platform Anthemis Group and venture capital firm QED Investors co-led the round, which also featured Victory Park Capital, Healthy Ventures, Brewer Lane Ventures and Operator Partners.
EasyHealth has created a service which uses artificial intelligence technology to help patients find the best care possible through national insurance scheme Medicare. The round comprised $35m in equity funding together with a $100m credit facility, according to TechCrunch.
David Duel, EasyHealth’s co-founder and chief executive, said: “EasyHealth’s mission is to harness technology to deliver better health outcomes. We use our position at the front door of Medicare to drive meaningful change for members, brokers and health plans.
“We have assembled a proven executive team with deep insurance, Medicare and medical experience in order to deliver a disruptive end-to-end experience that improves member health outcomes and health plan retention.”
