Gravie
Founded Year
2013Stage
Debt | AliveTotal Raised
$382.62MLast Raised
$40M | 3 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-53 points in the past 30 days
About Gravie
Gravie provides employer-sponsored health benefit solutions. It helps consumers select and buy insurance coverage, provides customer support and troubleshooting, analysis of healthcare spending, and management of all healthcare affairs on a platform. The company was founded in 2013 and is based in Minneapolis, Minnesota.
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ESPs containing Gravie
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The ICHRA platforms market consists of companies that offer software to provide individual coverage health reimbursement arrangement (ICHRA) plans. Most ICHRA platforms facilitate payments between employees (sponsored by their employers) and health insurers. ICHRA platforms typically offer employers online portals to administer ICHRA plans, with many companies also offering complimentary portals f…
Gravie named as Highflier among 7 other companies, including Take Command Health, zizzl health, and Venteur.
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Research containing Gravie
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Gravie in 1 CB Insights research brief, most recently on Feb 9, 2024.
Feb 9, 2024 report
State of Insurtech 2023 ReportExpert Collections containing Gravie
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Gravie is included in 4 Expert Collections, including HR Tech.
HR Tech
4,044 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Insurtech
3,178 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
9,294 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Insurtech 50
50 items
Gravie Patents
Gravie has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
1/4/2012 | 8/21/2012 | Data management, Free database management systems, Transaction processing, Biological databases, Concurrency control | Grant |
Application Date | 1/4/2012 |
|---|---|
Grant Date | 8/21/2012 |
Title | |
Related Topics | Data management, Free database management systems, Transaction processing, Biological databases, Concurrency control |
Status | Grant |
Latest Gravie News
Jun 25, 2024
Provides $40 Million in Growth Capital to Gravie June 25, 2024 at 07:31 am EDT Share PHOENIX, June 25, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced a commitment of $40 million debt facility to Gravie, one of the nation's fastest growing health benefits innovators. Gravie offers self-funded health plans, called Comfort®, for small and mid-size employers. Comfort provides comprehensive coverage with no deductibles or copays on the most common healthcare services, including virtual care. Gravie aims to simplify healthcare by offering straightforward plans and providing additional benefits like interest-free payment options. "Gravie's innovative approach to health benefits can help small and mid-sized businesses provide quality, affordable coverage to their employees," said Ryan Thompson, Managing Director, Tech Lending at Trinity Capital. "We're excited to partner with Gravie as they continue scaling their Comfort health plan model nationwide." "We are excited to partner with the Trinity team as we grow our business and seek to make health benefits plans work for everyone," said Charles Marentette, Chief Financial Officer of Gravie. About Trinity Capital Inc. Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company's website at www.trinitycap.com. About Gravie Gravie has been and continues to be at the forefront of driving change and improving the healthcare industry by creating innovative employer-sponsored health benefit solutions that put consumers first. Comfort®, Gravie's flagship product, is the nation's first-of-its-kind health plan that provides first-dollar, 100% coverage on most common healthcare services, at a cost comparable to traditional group health plans. Learn more about Gravie at www.gravie.com. Media Contact
Gravie Frequently Asked Questions (FAQ)
When was Gravie founded?
Gravie was founded in 2013.
Where is Gravie's headquarters?
Gravie's headquarters is located at 10 North East 2nd Street, Minneapolis.
What is Gravie's latest funding round?
Gravie's latest funding round is Debt.
How much did Gravie raise?
Gravie raised a total of $382.62M.
Who are the investors of Gravie?
Investors of Gravie include Trinity Capital, FirstMark Capital, Split Rock Partners, AXA Venture Partners, Georgian and 8 more.
Who are Gravie's competitors?
Competitors of Gravie include Stride Health and 2 more.
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Compare Gravie to Competitors
Collective Health focuses on providing integrated health benefits solutions. The company offers a platform that combines various health benefits including medical, dental, vision, and pharmacy, aiming to simplify the administration of health benefits, manage costs, and improve the health outcomes of employees. Its primary customers are employers seeking to provide comprehensive health benefits to their employees. It was founded in 2013 and is based in San Francisco, California.
Sompo Digital Lab focuses on digital technology innovation in the customer experience and health services sectors. The company aims to enhance safety, security, and health through digital solutions, leveraging a team composed of research & development, in-house development, and data scientists. It was founded in 2015 and is based in Foster City, California.
Apostrophe focuses on providing intelligent health benefits in the healthcare sector. The company's main service is to offer better benefits for less money to self-insured employers. The primary sector is the healthcare industry. It was formerly known as Airstream Health. It was founded in 2016 and is based in Denver, Colorado.
Sidecar Health operates as a provider of modern health insurance solutions in the healthcare sector. The company offers ACA-compliant major medical plans that empower consumers with cost control and the freedom to choose any doctor without network restrictions. It caters to both individuals seeking personal coverage and employers. It was founded in 2018 and is based in Covina, California.
Dakko is a Fintech startup focused on Health & Financial Wellness, operating in the digital transformation space. The company offers a B2B2C app called Dakko Wellbeing, which provides access to credit and features for business process improvements, automation, and personal financial, health, and wellbeing management. Dakko primarily serves small and medium-sized enterprises and their employees. It was founded in 2020 and is based in Singapore, Singapore.
Blue Cross Blue Shield is a national federation of independent, community-based and locally operated companies focused on providing health care coverage. The company offers a range of health insurance products and services designed to ensure access to safe, quality, and affordable healthcare. Blue Cross Blue Shield also provides insights and reports on healthcare trends and maintains a comprehensive provider network. It was founded in 1929 and is based in Chicago, Illinois.
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