What is Gravie?
Gravie is redefining the health benefits landscape by prioritizing individuals and their well-being, creating a win-win scenario for both employees and employers. Founded in 2013 and headquartered in Minnesota, the company leverages expert advisors and smart technology to simplify the complexities of healthcare plan selection and management. Gravie's streamlined model offers enhanced options for employees while simultaneously controlling and reducing costs for employers, directly challenging traditional healthcare benefit structures.
How much funding has Gravie raised?
Gravie has raised a total of $529.7M across 11 funding rounds:
Series C
$14.1M
Debt
$1M
Series D
$28M
Series E
$90M
Unspecified
$180M
Debt
$40M
Private Equity
$150M
Series C (2017): $14.1M backed by GE Ventures, Split Rock Partners, Aberdare Ventures, and Firstmark Capital
Debt (2020): $1M with participation from PPP
Series D (2021): $28M led by FirstMark Capital LLC, AXA Venture Partners, Split Rock Ventures, and Revelation Partners
Series E (2022): $90M supported by AXA Venture Partners, FirstMark Capital, Georgian, and Revel Partners
Unspecified (2023): $180M featuring General Atlantic, AXA Venture Partners, and FirstMark Capital
Debt (2024): $40M backed by Trinity Capital
Private Equity (2025): $150M, investors not publicly disclosed
Key Investors in Gravie
AXA Venture Partners
AXA Venture Partners (AVP) is a venture capital fund investing in high-growth, technology-enabled companies. AVP has built a unique investment platform specialized in tech investments with $600 million of assets under management through three pillars of investment expertise: Early Stage Fund, Growth Stage Fund and Fund of Funds. To date, AVP has invested in 40 Early and Growth equity deals and 6 Fund investments. AVP team operates globally backed by offices in San Francisco, New York, London, Paris and Hong Kong. Beyond investments, AVP provides access to business development opportunities helping portfolio companies to scale globally and accelerate their growth.
FirstMark Capital
FirstMark Capital is a company that operates in the Information & Document Management industry. It employs 20to49 people and has 1Mto5M of revenue. The company is headquartered in New York City, New York.
General Atlantic
General Atlantic is a global growthequity firm that provides capital and strategic support to highgrowth companies in sectors such as consumer, financial services, healthcare, life sciences, and technology. With dozens of portfolio companies worldwide and offices across the Americas, EMEA, and AsiaPacific, it partners with founders and management teams to accelerate growth, international expansion, and transformational initiatives.
What's next for Gravie?
The substantial enterprise-level funding Gravie has garnered, coupled with its recent strategic investment, signals a strong trajectory for scaling its innovative health benefits platform. This capital infusion is expected to fuel further technological advancements, market penetration, and potentially new service offerings. Gravie's continued growth will likely focus on solidifying its position as a leader in disrupting the traditional health insurance market, offering more personalized and cost-effective solutions for businesses and their employees.
See full Gravie company page
