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Funding
Gravie secures USD 40 million in debt funding
Health Benefits Platforms
Jun 25, 2024
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Health Benefits Platforms

Health Benefits Platforms

Jun 25, 2024

Gravie secures USD 40 million in debt funding

Funding

  • Health benefits provider Gravie has secured a USD 40 million debt facility through Trinity Capital. The terms of the debt facility were not disclosed. This brings the total funds raised by the company to USD 383 million.

  • The raised funds will support Gravie in scaling its Comfort health plan model across the US, offering comprehensive coverage with no deductibles or copays for common healthcare services. 

  • Gravie offers self-funded health plans called "Comfort" for small and mid-sized employers, aiming to simplify healthcare by providing straightforward plans and additional benefits like interest-free payment options. The company claims that Comfort is the first-of-its-kind health plan in the US that provides first-dollar, whole coverage on most common healthcare services at a cost comparable to traditional group health plans.

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