What is Troy Medicare?
Troy Medicare specializes in offering two streamlined Medicare Advantage plans designed to simplify healthcare access for beneficiaries. These plans feature $0 copays for doctor visits and encompass a broad spectrum of benefits, including dental, vision, and hearing services. A key component of Troy Medicare's strategy involves empowering local pharmacies through its proprietary technology platform, Troy.AI, enabling them to provide members with cost-effective medication solutions. The company is currently targeting Medicare beneficiaries within specific counties in North Carolina, with a mission to enhance healthcare coverage accessibility and ensure robust support for individuals managing chronic conditions. Their services are available to all eligible individuals, emphasizing a commitment to accessibility and non-discrimination.
How much funding has Troy Medicare raised?
Troy Medicare has raised a total of $15M across 2 funding rounds:
Series A
$5M
Series B
$10M
Series A (2019): $5M, investors not publicly disclosed
Series B (2020): $10M led by Sunwater Capital and AXA Venture Partners
Key Investors in Troy Medicare
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.
Sunwater Capital
Sunwater Capital is an investment firm that provides capital and strategic support to companies.
What's next for Troy Medicare?
The recent major strategic investment in Troy Medicare signals a strong validation of its business model and market potential within the Medicare Advantage sector. This capital infusion is likely to fuel further expansion of its service offerings, technological advancements in its Troy.AI platform, and broader market penetration within North Carolina and potentially beyond. The company's focus on integrating pharmacies into its healthcare delivery ecosystem positions it for significant growth as it aims to provide more accessible and cost-effective healthcare solutions for Medicare beneficiaries. Future developments may include enhanced chronic condition management programs and expanded partnerships with healthcare providers.
See full Troy Medicare company page
