Jiff, a US-based healthcare IT company backed by conglomerate General Electric, raised a $17.7m extension yesterday for its series C round, closing the round at $41.2m.
The company has not revealed who provided the additional money.
Jiff raised an initial $23.5m for the round in May 2015 from investors including General Electric’s investment unit GE Ventures, VC firms Venrock Associates, Aberdare Partners and Aeris Capital and Rosemark Capital, which led the tranche.
Founded in 2010, Jiff offers a healthcare benefits platform that enables employers to minimise costs by assigning each employee to a customised benefits program. The platform enables employees to receive incentives in return for completing steps that improve their health.
Employers can see an overview of savings and access real-time data analytics.
Jiff will use the money to further expand its offering.
Previously, Aberdare Ventures and Aeris Capital invested $18.5m in series B capital 2014. Jiff also obtained $7.5m in a series A round in 2012 backed by Venrock, Aeris and Aberdare.
Ooga Labs, the digital networks guild now called NFX Guild, Aberdare and Aeris reportedly put $1m into Jiff in 2011.