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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