Bind Benefits
Latest round
- Series B
Last raised
- Oct 2020
Total raised
- $178M
Investors
- 3
About Bind Benefits
Based in the US, Bind Benefits, Inc.Bind Benefits, Inc. was founded in 2016 in Minneapolis, US, providing advanced health plan solutions. The founders, Regis Plattard and Shawn Wagoner, aimed to revolutionize healthcare delivery.Bind Benefits provides employer-sponsored health plans that comply with the Affordable Care Act (ACA) for businesses with two or more employees. Their offerings include self-funded, fully insured, and level-funded health plans aimed at improving healthcare affordability and enhancing coverage for diverse client bases, particularly small and medium-sized enterprises. The plans cater to individuals with varying health conditions, focusing on those with chronic conditions to reduce costs and out-of-pocket expenses.S.Bind Benefits generates revenue by partnering with employers to provide customized health plan solutions. The revenue model is based on direct contracts with employers, combining subscription-based services for plan management and administrative support, as well as premium payments depending on the selected plan type—self-funded, fully insured, or level-funded. The company is currently designing new health plan products tailored to diverse employee needs, aiming for a rollout in 2021., with specific targets set for expansion by mid-2022, which will further enhance its ability to serve employers seeking innovative healthcare solutions.
Who invested in Bind Benefits
3 investors across 3 rounds
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Questions about Bind Benefits
Who invested in Bind Benefits?
Bind Benefits has 3 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Bind Benefits raised?
Bind Benefits has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Bind Benefits last raise money?
Bind Benefits's most recent round on record is a Series B, in Oct 2020.
What does Bind Benefits do?
Based in the US, Bind Benefits, Inc.
Where is Bind Benefits headquartered?
Bind Benefits is headquartered in Minneapolis, US.
Which VCs invest in companies like Bind Benefits?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Bind Benefits's stage. Their profiles are linked below.
VCs backing insurance startups at Series B
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