(ERA) Entrepreneurs Roundtable Accelerator is New York City’s leading technology accelerator and early-stage venture capital fund. It has invested in 330+ start-ups since launching in 2011. Our alumni companies, who come from all over the world, are already playing leading roles in the evolution of virtually every major global industry. To date, ERA alumni companies have raised more than $2 billion in capital and collectively exceed $10 billion in market capitalization. ERA’s initial investment in participant companies is $150,000 on a post-money SAFE in return for 6% of each company. ERA runs two four-month sessions per year one each in the winter and summer. We invest $150,000 on a post-money SAFE in return for 6% of each company selected. In addition to this financial investment, our companies are immersed in our mentor-driven program. We also provide free office space, free hosting credits with several major cloud providers, and additional benefits through our legal, finance, accounting, and other business-service partners.

(ERA) Entrepreneurs Roundtable Accelerator

Anthemis Group is a multi-stage asset management platform that cultivates change in the financial system by investing in, growing, and sustaining businesses committed to resiliency, transparency, access and equity. Founded in 2010, our deep understanding of markets and models, passion for emerging technology and values inspire everything we do. By creating fertile ground for a diverse group of startups, investors, entrepreneurs, institutions, academics, and visionaries to converge, we believe we can solve the financial systems’ most pressing challenges faster, better and for the benefit of all.

Anthemis

Plug and Play is a seed and early-stage investor focused on great teams leading emerging growth companies.  Plug and Play runs 12 industry-specific accelerator programs twice a year, that acts as a platform for major corporations and high quality startups to connect and collaborate.  Located in the heart of Silicon Valley, Plug and Play participates in Seed, Angel and Series A funding where they often co-invest with their strategic partners. Through years of experience and as part of their network, Plug and Play has put together a world-class network of serial entrepreneurs, strategic investors, and industry leaders who actively assist the firm with its successful and growing investment portfolio.  SEED ROUND. Plug and Play participates in seed round investing through a program called Startup Camp. Startup Camp is a 10-week program based in Silicon Valley for top-notch entrepreneurs to work intensively on building out their business model. Select startups will refine their business models and prototypes with help from a combination of structured workshops, speaker series and mentorship sessions, as well as active coaching from their investment team. At the culmination of Startup Camp, founders will have crystalized their business plans and pitched their company to the venture capital community at EXPO Demo Day.''  ANGEL ROUND Plug and Play makes angel round investments throughout the year, sourced from their monthly Plug and Play Angels (PAPA) sessions. They are partnered with local angel investors in Silicon Valley who participate in PAPA to find the most promising startups and best new technologies.  SERIES A. Series A typical Series A round is in the range of $2 million to $10 million, and is intended to provide operating capital for the company for six months to two years. This round capitalizes the company as it develops its products, performs initial marketing and branding, acquires talent, and conducts other early-stage business operations. It is in this stage that Plug and Play will co-invest with over 180 venture capital partners.  Plug and Play has helped grow market leaders such as PayPal, Danger, Google, DropBox, LendingClub, Zoosk, SoundHound, CreditSesame, Skytree, and has over 400 more early-stage startups in its portfolio.

Plug and Play

1984 Ventures is an early-stage venture capital firm that seeks to invest in fintech, healthcare, SaaS, e-commerce, and consumer sectors.

1984 Ventures

AI-first, seed-first fund in digital health, automation (cars, drones, robots) & enterprise. Tau Ventures was founded in 2019 and headquartered in Palo Alto, California.

Tau Ventures

Aperture Venture Capital is VC for the Multicultural Mainstream. We back diverse founders leveraging financial innovation to help individuals and businesses thrive.

Aperture Venture Capital

Twine Ventures is an early-stage venture capital firm that focuses on human health, climate, and financial empowerment. The firm was founded by Leshika Samarasinghe in 2021 and is based in San Francisco, California, United States.

Twine Ventures

Remarkable Ventures investing in startups serving and disrupting New York’s largest industries.

Remarkable Ventures

FirstMark is an early-stage venture capital firm based in New York City, backing exceptional founders making their mark on the world. FirstMark has proudly invested in founders of remarkable businesses like Pinterest, Shopify, DraftKings, Discord, Airbnb, Stubhub, Riot Games, and dozens more.

FirstMark

GingerBread Capital invests in the next generation of women founders and entrepreneurs leading high-growth businesses It helps women-led businesses gain access to the knowledge, networks, and capital they need to build and scale successful enterprises, and it encourages other women to do the same. Based in Menlo Park, California, GingerBread Capital was founded in 2017 by Linnea Roberts.

GingerBread Capital

Healthworx Accelerator aims to close the gap between new and established businesses and established organizations by supporting an ecosystem through funding, pilot projects, and mentoring. Healthworx Accelerator aims to support businesses that are transforming healthcare and enhancing the well-being of their members and patients by utilizing its resources, networks, and collaborations.

Healthworx Accelerator

Alaffia Health

Alaffia Health is a healthtech company that uses machine learning and AI to proactively eliminate provider fraud, waste, and abuse in healthcare claims. The company offers an AI-driven payment integrity service to healthcare payers such as health plans, third-party administrators, self-insured employers, stop-loss carriers, and government agencies to eliminate overpayments and reduce healthcare costs.

Alaffia Health provides AI-powered payment integrity technology and solutions for health insurance plans. The company's flagship product, Ask Autodor, is a generative AI co-pilot built for health insurance claims teams that automates complex manual tasks such as patient medical record reviews, clinical policy document assessments, and insurance claim adjudication. The technology helps clinicians and medical coders across utilization management, payment integrity, special investigations, and appeals to complete facility claim reviews up to 20 times faster than traditional processes. The system forensically reviews claims to determine the true value of treatments provided and flags claims requiring deeper analysis. This approach helps eliminate both intentional and unintentional fraud, which accounts for approximately 80% of wastage in healthcare claims. The company offers both full-service pre-payment protection solutions including itemized bill reviews and clinical chart reviews, as well as AI-powered payment integrity SaaS solutions for health plans that want to enhance their internal operations. Alaffia Health demonstrated significant growth with a 24-fold revenue increase in 2021, followed by a 4-fold revenue increase in the 12 months leading up to April 2024. One health plan partner achieved nearly USD 15 million in savings through Alaffia's solutions.

InsurTech: Infrastructure

Alaffia Health Raises $10M in Funding

Alaffia Health provides AI-powered payment integrity technology and solutions for health insurance plans. The company's flagship product, Ask Autodor, is a generative AI co-pilot built for health insurance claims teams that automates complex manual tasks such as patient medical record reviews, clinical policy document assessments, and insurance claim adjudication. The technology helps clinicians and medical coders across utilization management, payment integrity, special investigations, and appeals to complete facility claim reviews up to 20 times faster than traditional processes. The system forensically reviews claims to determine the true value of treatments provided and flags claims requiring deeper analysis. This approach helps eliminate both intentional and unintentional fraud, which accounts for approximately 80% of wastage in healthcare claims. The company offers both full-service pre-payment protection solutions including itemized bill reviews and clinical chart reviews, as well as AI-powered payment integrity SaaS solutions for health plans that want to enhance their internal operations. Alaffia Health demonstrated significant growth with a 24-fold revenue increase in 2021, followed by a 4-fold revenue increase in the 12 months leading up to April 2024. One health plan partner achieved nearly USD 15 million in savings through Alaffia's solutions.
Key customers and partnerships
Alaffia Health works with health insurance payers including Medicaid, Medicare Advantage, and commercial partners for plans with up to 2 million covered members. The company serves various healthcare stakeholders including health plans, third-party administrators, self-insured employers, stop-loss carriers, and government agencies.

Why We Invested — Alaffia Health. Announcing our investment in…

Alaffia Health Raises $10M in Funding to Expand AI Technology for Health Plan Claims

Association For Community Affiliated Plans

HFS OneOffice™ Hot Vendor: Alaffia Health

Alaffia Health: Health Plan Claim Operations Company Secures $10 Million

Alaffia Health Announces $5M in Seed Funding, Harnessing AI to Disrupt a Legacy Healthcare Payments Industry

Alaffia Health Raises $10M to Supercharge Health Plan Operations With Generative AI

Claims operation AI company Alaffia Health raises $10M in series A round

AgentSync develops modern insurance infrastructure solutions that automate and streamline compliance and producer management processes for insurance carriers, agencies, and MGAs. The company's core product offerings include AgentSync Manage, Autopilot, and ProducerSync API, which help validate licensing, appointing, and personal information for insurance producers by connecting with the National Insurance Producer Registry (NIPR). In January 2024, AgentSync launched its first commercially available ProducerSync API, which allows insurance businesses to access and validate NIPR data through REST API architecture. The company's technology reduces manual data entry processes from hours to minutes by using APIs and cloud-native solutions. In 2021, AgentSync acquired Finvera and subsequently acquired eContractPro in 2022. As of December 2021, the company generated annual revenue of USD 29.3 million.
Key customers and partnerships
AgentSync has established strategic partnerships with several industry leaders including the National Insurance Producer Registry (NIPR), Salesforce, Varicent, DocuSign, Verified First, Accurate, and LIMRA LOMA. Veterans United Insurance is among the company's notable customers. The company's platform enables its customers to onboard producers in hours instead of the traditional timeframe of weeks or months.

AgentSync

Artificial is an insurance software business offering an algorithmic underwriting, data extraction and machine learning platform to commercial insurers, empowering them to write better risks, faster. We provide solutions to partners across the London and global markets, including Convex, Chaucer and more. Our platform specialises in instantly and accurately capturing data at the point of entry for use in downstream applications. We enable clients to augment this data through effortless integrations and use it to write risks algorithmically, build contracts and plug into other systems. Behind the platform is decades' worth of experience in engineering, insurance and analysis. We do more than just provide software; we work with you every step of the journey to make sure our technology drives growth, improves efficiency and reduces costs across your business.

Artificial Labs

Bambi Dynamic developed a white-label mobility platform for the insurance sector. Their technology generated personalized, usage-based insurance options for the mobility sector, with the platform calculating premiums based on individual user data including driver safety scores, on-demand activation/deactivation, and time or distance driven. The system accounted for occasional drivers and multi-use vehicles, and was designed to integrate with IT systems of insurance companies, OEMs, and Mobility-as-a-Service providers such as ridesharing, ride-hailing, carsharing, e-scooters, and delivery services. The company operated between 2017 and 2023, ultimately ceasing operations in March 2023.
Key customers and partnerships
The company partnered with The Phoenix Insurance Company in Israel to launch 'The Phoenix Drive', a pay-as-you-go private vehicle insurance product. This offering included a web/mobile onboarding sales and underwriting portal for direct customers and insurance agents, back-office interfaces for insurers, and a consumer mobile app. Through this partnership, Bambi Dynamic was also involved in running the InsureMyTesla program in Israel.

Bambi Dynamic

CLARA Analytics offers an AI-powered insurance claims platform, aimed at improving claims outcomes. Its core claims platform is called CLARAty.ai, which includes generative and predictive AI models developed specifically for casualty claims. Its platform includes several products: 1) Claims Document Intelligent Pro, 2) Triage, 3) Treatment, 4) Litigation, 5) Clara Fraud, and 6) Clara MSP Compliance.&nbsp;&nbsp;<a href="https://sp-edge.com/updates/32243">Claims Document Intelligent Pro</a> is an AI-powered tool that automates the review of claims documents, including legal demands and medical records. It can analyze thousands of pages in seconds, identify key information, and detect treatment patterns to assess risks, improving efficiency and reducing costs.CLARA Triage is an AI tool for claims professionals that predicts claim severity, identifies high-risk claims, and issues real-time alerts to help adjusters act proactively. It improves productivity, reduces costs, and enables faster resolution of simple claims.CLARA Treatment is an AI tool that scores healthcare providers to identify the best options for resolving workers' compensation cases quickly and effectively. It improves claim resolution times, enhances patient outcomes, and reduces costs by matching injured workers with the right providers.CLARA Litigation is an AI tool that analyzes attorney performance and provides insights to reduce the cost and impact of litigated claims. It offers strategic recommendations for case management and helps optimize attorney selection to support decision-making.<a href="https://sp-edge.com/updates/30120">CLARA Fraud</a> is an AI tool that analyzes large workers' compensation datasets to detect suspicious patterns and clusters of potentially fraudulent activity. It increases visibility into suspicious claims, supports SIU referrals, and reduces losses from undetected fraud.CLARA MSP Compliance is an AI tool that automates Medicare Secondary Payer (MSP) compliance by identifying Medicare beneficiaries, determining the need for Medicare Set-Asides, and assisting with mandatory reporting. It reduces compliance risks, improves accuracy, and saves costs in handling Medicare-related claims.In 2023, the company launched CLARAty.ai, a casualty claims intelligence platform using predictive and generative AI to support claims professionals. It provides insights, recommended actions, and advanced claim summaries to guide next steps, enhancing traditional systems and workflows.Key customers and partnershipsIts notable customers include Berkshire Hathaway Homestate Companies, AmTrust, Amerisure, and QBE.&nbsp;Moreover, the company was selected by Amazon in August 2024, as its technology partner to improve health and claim outcomes for its corporate workers' compensation claims.

CLARA Analytics

Coterie Insurance is a Cincinnati-based insurtech company that provides digital small business insurance solutions. Founded in 2018, the company specializes in three main types of business insurance: general liability, business owners' policies, and professional liability coverage. The company employs digital underwriting technology that sources publicly available data to enable instant coverage through a transparent quoting and binding process. Its platform features a qualification checker that indicates within seconds if a business falls within Coterie's appetite. As of June 2022, Coterie's insurance products were available across all 50 states and the District of Columbia. The company's policies are underwritten by Spinnaker Insurance Co. and Benchmark Insurance Co., both of which hold A-rated carrier ratings. The platform uses both ISO and proprietary coverage forms, with all policy documents, certificates, billing, and claims managed through a single dashboard. The system reduces paperwork by 80% compared to traditional methods by eliminating ACORD forms and manual underwriting processes.
Key customers and partnerships
The company serves small and micro-businesses across the US, with a particular focus on businesses with fewer than 20 employees. As of June 2022, Coterie worked with a network of 5,000 agents who provide personalized counsel to small business owners. The company's products are distributed both through independent insurance agents and brokers, and directly to business owners through its digital platform. The business maintains partnerships with Spinnaker Insurance Co. and Benchmark Insurance Co. who underwrite its insurance products.

Coterie Insurance

Providers of general, yet comprehensive, end-to-end solutions for insurance companies, covering various aspects of their operations. This includes core systems for policy administration, underwriting, claims processing, billing, and customer relationship management

Specialized platforms that offer lead generation and management services and tools for insurance providers. Tools can include telemarketing, internet, and social media lead generation, referrals, and lead analytics

Underwriting platforms that evaluate risks related to life insurance, health insurance, and related products such as disability and critical illness coverage. They may utilize medical underwriting criteria, genetic information, lifestyle factors, and demographic data to assess applicants' insurability

Platforms that specialize in assessing risks associated with property and casualty insurance, including home, auto, commercial property, and liability coverage. They may incorporate data sources such as property valuations, historical claims data, telematics, and weather patterns to evaluate risk factors accurately

Specialized platforms that streamline and automate claims processing workflows, from initial claim submission to settlement. They may offer software for claims intake, adjudication, fraud detection, and communication with policyholders and third-party service providers

Policy administration systems that focus on managing policy lifecycle activities, including policy issuance, endorsements, renewals, and cancellations. They provide insurers with tools to configure and manage policy rules, coverage options, and premium calculations. Platforms can also have additional functions for commission and performance tracking

Reinsurance technology providers offer a range of innovative tools and services to support reinsurers in managing their operations, assessing risks, and optimizing their reinsurance strategies. These solutions may include advanced analytics, catastrophe modeling, risk assessment tools, portfolio management systems, and underwriting platforms specifically designed for the reinsurance industry

<div>
 
 Alaffia Health, a company that specializes in using AI for health insurance claims operations, has successfully raised 10 million dollars in a Series A funding round. The funding round was led by FirstMark Capital, and saw participation from a range of contributors including GingerBread Capital, Anthemis, Aperture Venture Capital, 1984 Ventures, Remarkable Ventures, Tau Ventures, and many more.
 The raised funds are planned to be used for the expansion of Alaffia's commercial operations, to further research in advanced AI, as well as for product development.
 Alaffia Health utilises AI to make health insurance plans more efficient and cost-effective. Its notable product, Ask Autodor, is an AI tool created to assist health insurance claims teams. Over the past year, Alaffia has successfully quadrupled its revenue.
 
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Alaffia Health

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