Handl Health
Handl Health secures $2.5m oversubscribed seed to expand employer-sponsored benefits ecosystem
A first-to-market AI platform, Handl Health, has announced the success of an oversubscribed $2.5 million seed financing that was started by Everywhere VC and Mucker Capital.
Ahmed Marmoush, CEO & co-founder of Handl Health disclosed the development in a press release seen by Newsng on Thursday.
The funding also saw participation from Tau Ventures, Riverfront Ventures, DHVP (Digital Health Venture Partners), Boutique Venture Partners, Plug and Play Ventures and Techstars as per the release.
Handl Health was launched in 2022 to use AI to analyze publicly available pricing data for employer benefits.
Newsng gathered that the startup was also awarded a $1.3 million Phase II SBIR grant from the NIH’s National Institute of Nursing Research.
With the Seed funding, Handl Health intends to make investments in expanding its workflow automation and analytics capabilities to provide benefits consultants with a centralised location to obtain authenticated price transparency data to create and oversee top-performing health plans.
“We are thrilled to announce this significant milestone in our journey. Securing $2.5M seed funding from our esteemed investors validates our vision and underscores their confidence in our ability to revolutionize the employer-sponsored benefits market,” Marmoush noted.
“This funding not only fuels our growth but also affirms our commitment to empowering brokers and transforming the way health plans are built and managed.”
William Hsu, Partner and co-founder at Mucker Capital expressed optimism in the startup. Commenting on the funding, he said:
“We’re proud to support Handl Health in their Seed raise and are excited about their innovative approach and dedication to revolutionize the way employer-sponsored benefits are designed and delivered.
“With their rapid momentum, we have no doubt that Handl Health will deliver valuable and transformative solutions to brokers and employers.”We earlier reported that Run AI, a Tel Aviv-based startup that facilitates operations and development teams in managing and optimising their AI hardware infrastructure, is being acquired by Nvidia for a rumoured $700 million price tag.