Alaffia Health, which creates genAI solutions for health insurance claims, secured $10 million in Series A funding, bringing its total raise to $17.6 million.
FirstMark Capital led the funding round with participation from GingerBread Capital and existing investors Aperture Venture Capital, Anthemis, 1984 Ventures, Tau Ventures and Remarkable Ventures.
Amish Jani, founder and partner of FirstMark, will join Alaffia’s board of directors.
Alaffia plans to use the capital to invest in AI research and development and expand the company’s commercial footprint.
“The advent of advanced, multimodal, AI systems represents the breakthrough we all needed to finally bend the healthcare cost curve.We’re pioneering the adoption of these new AI tools across the ecosystem and are excited to partner with FirstMark to achieve our next set of milestones,” TJ Ademiluyi, cofounder and CEO of Alaffia Health, said in a statement.
Clarity Pediatrics, a digital health company that focuses on pediatric chronic care, brought in $10 million in seed funding.
The funding was led by Rethink Impact with participation from Homebrew and Maverick Ventures.
The company will use the funds to launch a new clinical service line, further develop its care platform and expand to new markets.
Clarity Pediatrics also announced the expansion of its ADHD platform, which provides 12 months of virtual group therapy sessions with programs designed to address executive function challenges and emotional dysregulation.
“Clarity Pediatrics integrates with referring pediatricians, so families stay close to their doctor and physicians get additional support. We’ve made the impossible now possible for thousands of families experiencing ADHD: affordable, expert diagnosis and multi-specialty treatment, coordinated on a single convenient platform with no waitlists,” CEO and cofounder Christina LaMontagne said in a statement.
Los Angeles-based startup Handl Health has secured $2.5 million in an oversubscribed seed fundraise for its benefits platform built to help consultants build health plans for their employer clients.
Mucker Capital and Everywhere Ventures initiated the seed round while Riverfront Ventures, Tau Ventures, DHVP, Plug and Play Ventures and Techstars also participated.
Handl Health was founded in 2022. The company’s platform uses AI to analyze publicly available pricing data for employer benefits.
The startup was also awarded a $1.3 million Phase II SBIR grant from the NIH’s National Institute of Nursing Research. The company will use the grant to develop a pre-appointment billing and payment system that partners third party administrators, providers and plan members.
“We are thrilled to announce this significant milestone in our journey. Securing $2.5 million seed funding from our esteemed investors validates our vision and underscores their confidence in our ability to revolutionize the employer-sponsored benefits market,” Ahmed Marmoush, CEO and cofounder of Handl Health, said in a statement.
“This funding not only fuels our growth but also affirms our commitment to empowering brokers and transforming the way health plans are built and managed.”
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