Alaffia Health, which creates genAI solutions for health insurance claims, secured $10 million in Series A funding, bringing its total raised to $17.6 million.
FirstMark Capital led the funding round with participation from GingerBread Capital and existing investors Aperture Venture Capital, Anthemis, 1984 Ventures, Tau Ventures and Remarkable Ventures.
Amish Jani, founder and partner of FirstMark, will join Alaffia’s board of directors.
Alaffia plans to use the capital to invest in AI research and development and expand the company’s commercial footprint.
“The arrival of advanced, multi-modal AI systems represents the breakthrough we all needed to finally bend the healthcare cost curve. We are early adopters of these new AI tools across the ecosystem and are excited to partner with FirstMark to achieve our next set of milestones,” TJ Ademiluyi, co-founder and CEO of Alaffia Health, said in a statement.
Clarity Pediatrics, a digital health company focused on pediatric chronic care, provided $10 million in seed funding.
The financing was led by Rethink Impact with participation from Homebrew and Maverick Ventures.
The company will use the funds to launch a new line of clinical services, further develop its care platform and expand into new markets.
Clarity Pediatrics also announced the expansion of its ADHD platform, offering 12 months of virtual group therapy sessions with programs designed to address executive function challenges and emotional dysregulation.
“Clarity Pediatrics integrates with referring pediatricians, so families stay close to their doctor and doctors get additional support. We’ve made the impossible possible for thousands of families living with ADHD: affordable expert diagnosis and multi-specialty treatment, coordinated in one convenient platform with no wait lists,” CEO and co-founder Christina LaMontagne said in a statement.
Handl Health, a Los Angeles-based startup, has raised $2.5 million in an oversubscribed seed fundraising for its benefits platform created to help consultants create health plans for their employer clients.
Mucker Capital and Everywhere Ventures raised the seed round, while Riverfront Ventures, Tau Ventures, DHVP, Plug and Play Ventures and Techstars also participated.
Handl Health was founded in 2022. The company’s platform uses artificial intelligence to analyze publicly available pricing data to drive benefits for employers.
The startup also received a $1.3 million Phase II SBIR grant from the NIH’s National Institute of Nursing Research. The company will use the grant to develop a pre-appointment billing and payment system that partners with third-party administrators, providers and plan members.
“We are delighted to announce this important milestone in our journey. Securing seed funding of $2.5 million from our esteemed investors validates our vision and underscores their confidence in our ability to revolutionize the employer-sponsored benefits market,” Ahmed Marmoush, CEO and co-founder of Handl. Health said in a statement.
“This funding not only fuels our growth but also affirms our commitment to empowering intermediaries and transforming the way health plans are created and managed.”