XP Health

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Health Benefits Platforms?
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Healthcare and specialty care benefits platforms
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XP Health is a digital-first vision benefits platform that aims to democratize access to high-quality vision care. The company utilizes AI and augmented reality technology to provide a personalized eyewear shopping experience. XP Health's platform offers a wide selection of designer frames from brands like Ray-Ban, Gucci, and Oakley, along with premium lenses featuring advanced protection options. The company's approach combines an integrated supply chain with AI-driven technology to significantly reduce costs for both employers and employees. 

The platform allows users to upload prescriptions, virtually try on glasses, and order contacts or glasses without co-pays or claims. XP Health also provides access to in-person eye exams through a network of over 99,000 provider locations

Key customers and partnerships

As of September 2024, XP Health covered over 250,000 people and had expanded its customer base from 30 to more than 3,000 enterprise clients.

In January 2023, the company partnered with The Health Benefit Alliance (HBA) to offer HBAVision, a vision benefit available to HBA clients and its plan participants. XP Health also formed a strategic partnership with Guardian Life Insurance in July 2021, providing vision benefits to thousands of Guardian Life members. 

In February 2024, XP Health announced a new partnership with Bell Bank to provide vision benefits for over 2,000 employees. The company's customer base includes prominent firms such as DocuSign, Navistar, Chegg, and Sequoia Consulting. Additionally, XP Health collaborates with National Vision Administrators (NVA) to offer in-person eye exams through its extensive provider network.

HQ location:
969 Industrial Road Suite A San Carlos CA USA
Founded year:
2018
Employees:
11-50
IPO status:
Private
Total funding:
USD 55.3 mn
Last Funding:
USD 33.2 mn (Series B; Sep 2024)
Last valuation:
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