Insurtech HealthCare.com raised an additional $31.5 million in Series C funding from Hildred Capital Management. The additional capital builds on its round announced in December where it brought in $130 million in senior nonconvertible preferred stock and $50 million in Series C preferred equity.
HealthCare.com’s platform allows consumers to information about their insurance needs, matches them to plans and helps them enroll in coverage.
“HealthCare.com is revolutionizing how consumers shop for health insurance. We are thrilled to help build on their strong momentum and partner with them to drive innovation and accelerate the development of their AI platform,” David Solomon, cofounder and managing partner of Hildred Capital Management, said in a statement.
Koda Health, which offers a platform to help patients make advanced care directives and end-of-life plans, scooped up $3.5 million in seed funding.
Ecliptic Capital led the round with participation from Headwater Ventures, Sigmas Capital, CRCM and angel investors.
The company said the influx of funding will allow it to double the size of its team and expand operations throughout the U.S.
“Most Medicare beneficiaries can’t afford traditional approaches to planning for future care, like estate attorneys and direct-to-consumer solutions. But these are conversations and legal documents that are fundamental to navigating healthcare. Koda bridges the clinical and legal divide to make advance care planning easily accessible to everyone,” cofounder and CEO Tatiana Fofanova said in a statement.
Wavely Diagnostics, which offers a smartphone app and attachment it says can help parents determine if their children have ear infections, has raised $2 million in seed funding.
Wavely’s system pairs an app with a paper funnel that’s placed at the opening of the ear canal. It sends acoustic pings into the ear to find fluid buildup. The company said it plans to use the funding to support its market launch this spring and “will be listed with the FDA in accordance with relevant regulations.”
Investors participating in the round include Ambit Health Ventures, WXR Fund, WRF Capital, Cascade Seed Fund, Gaingels Spark Fund, HealthTech Capital, Wealthing VC Club, Purpose Built VC, Vantage Partners Texas, Crosstimbers Capital Group and angel investors.
“Wavely’s first diagnostics solution helps parents determine if their child has signs of a possible ear infection and connects the family to a virtual care physician who can prescribe treatment if needed. This is the next step in getting high quality pediatric care to every child in this country,” Arna Ionescu Stoll, CEO of Wavely, said in a statement.
“Human-centered design is key for us: It has to be effortless for you to transform your smartphone into a diagnostic tool. Our first product will enable parents to shift the primary cause of millions of doctor visits – ear infections – to virtual visits.”