Gravie, one of the fastest growing employer health benefits companies in the United States, announced today that General Atlantic, a leading global growth equity investor, will lead a $179 million equity investment in the company, joining existing Gravie investors FirstMark Capital and AXA Venture Partners.
Gravie intends to use the funds to fuel its ongoing growth by expanding its flagship health plan for small and medium-sized businesses, Comfort®, which offers comprehensive coverage of all essential benefits, first-dollar coverage, and zero copays on the most common healthcare services such as office visits, labs and imaging, prescriptions, mental health services, and more. Notably, 85% of medical visits and 97% of prescriptions are covered at no cost.
Gravie has been and continues to be at the forefront of driving change and improving the healthcare industry by creating innovative employer-sponsored health benefit solutions that put consumers first. Comfort®, Gravie’s flagship product, is the nation’s first-of-its-kind health plan that provides first-dollar, 100% coverage on most common healthcare services, at a cost comparable to traditional group health plans.