The funding was co-led by Fin Capital, Glilot Capital Partners, and Group11, with strategic partner TriNet also participating in the investment.

Established in 2019, Healthee, based in Israel, operates at the intersection of healthcare and technology. The startup harnesses the power of artificial intelligence (AI) to empower users in understanding their healthcare plans better. Through its platform, Healthee provides comprehensive answers to inquiries regarding coverage, treatment options, and benefits associated with existing healthcare plans.

This substantial investment signifies a vote of confidence from prominent venture capital firms and underscores the growing importance of innovative solutions in healthcare navigation. Healthee’s mission is to simplify and streamline the often complex landscape of healthcare, ultimately improving access and understanding for users worldwide.

Dovi Frances, Founding Partner of Group 11, highlights the significance of Healthee’s journey, emphasising the current year as pivotal in the company’s evolution. He underscored TriNet’s influential role in the U.S. employer management sector, noting its strategic position and exposure to cutting-edge market innovations.

Frances emphasises the profound trust and strategic alignment demonstrated by TriNet’s investment, marking a significant milestone for Healthee. Expressing excitement about spearheading another investment round, Frances reaffirms Group 11’s commitment to supporting Healthee’s continued growth and success as an engaged board member.

Guy Benjamin, Healthee’s CEO, also commented, saying:  “We believe that everyone deserves access to quality health services at a reasonable price. We are delighted to amplify our impact through Healthee’s cutting-edge technology, enhancing the lives of millions of employees across the United States by eliminating the challenges of finding affordable care.”

He continued: “ Additionally, our tech streamlines operational tasks within organisations, fostering a more productive and thriving workplace. We firmly believe that healthy and content employees create a positive ripple effect on those around them, both within the workplace and in their personal lives.”

Christian Ostberg, General Partner at Fin Capital, said: “Today, the lack of transparency and clarity on healthcare plans results in excessive employer healthcare costs and has contributed to a spike in premium prices over the last -four years. We believe Healthee’s platform leverages AI to simplify the benefits process for both employers and employees alike.”

He added: “We are excited by Guy’s vision to reshape the benefits landscape and look forward to partnering with Healthee in this next phase of growth.”