Auxa Health, a New York-based AI-powered benefit navigation technology solution, has raised $5.2 million in seed funding.
Investors
The round was led by Zeal Capital Partners, with participation from AlleyCorp, K50 Ventures, Laconia Capital Group, and Chaac Ventures.
Zeal Capital Partners is a venture capital firm based in Washington, DC that invests in diverse management teams building enduring companies to generate above-market rate returns and impact. Zeal partners with founders who are building high-growth, early-stage businesses across the financial technology, employment pathways, and health equity verticals.
Auxa Health Use of Funds
The company will use the funding to support further development of its technology, expansion of benefit coverage, and team growth.
About Auxa Health
Founded by Monica Chopra, Samantha Adelberg, and Dr. Jeffrey De Flavio, Auxa Health is a care management co-pilot that supports seamless benefit navigation. It helps patients, caregivers, and care navigators understand benefit and drug coverage details, eligibility, and enrollment requirements, ultimately improving access to care. Auxa's payer-agnostic platform demystifies benefit and drug coverage details, surfaces eligibility, and prior authorization requirements, and efficiently enrolls patients into high-value health benefits across health plans, state and federal programs, and community organizations.
Funding Details
Company: Auxa, Inc.
Raised: $5.2M
Round: Seed Round
Funding Month: April 2024
Lead Investors: Zeal Capital Partners
Additional Investors: AlleyCorp, K50 Ventures, Laconia Capital Group, Chaac Ventures
Company Website: https://www.auxahealth.com/
Software Category: Care Management
Source: https://www.prweb.com/releases/auxa-health-secures-5-2-in-funding-to-drive-benefit-navigation-302120650.html