# Joany

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/joany

- Industry: Insurance
- Headquarters: Los Angeles, US
- Website: www.joany.com
- Total disclosed funding: $19M
- Latest round: Series A (Jul 17, 2017)
- Investors on record: 6

## About

Joany, Inc. is a technology-driven company specializing in healthcare solutions that streamline the process of finding and managing health insurance for consumers, enhancing accessibility and efficiency in health coverage.Founded in 2015 and headquartered in Los Angeles, US, Joany, Inc. offers innovative solutions for consumers to navigate health insurance options. The company is led by CEO Mike McNamara, who also founded the company, reflecting his expertise in the sector. Joany has successfully raised USD 13.00 mn through its Series A funding round with investments from Birchmere, Foundry Group, LaunchCapital, Precursor Ventures, Techstars, and Wavemaker Partners. The total amount raised by the company stands at USD 13.00 mn across 6 deals.Joany, Inc. provides a unique platform that assists individuals in finding the right health insurance plans tailored to their needs. The service is designed to enhance the patient experience by simplifying the insurance selection process and providing personalized recommendations based on user data. The platform aims to support consumers across various demographics, ensuring access to suitable health coverage options and resources.Joany, Inc. generates revenue through a model that targets consumers seeking health insurance solutions. The company’s transactions involve subscription-based services and consultation fees, which are structured to facilitate easy access to health insurance information and support. This model is supported by a customer-centric approach, fostering repeat business as clients return for their ongoing health coverage needs.Joany, Inc. is focused on enhancing its platform with upcoming features designed to improve user engagement and streamline the health insurance application process. Plans are underway to expand geographically, targeting additional markets in North America by the end of 2024. The recent funding from the Series A round will be utilized to support these product developments and market expansion initiatives. Additionally, as part of a strategic move, Wavemaker Partners exited its stake in Joany, Inc., although financial terms were not disclosed.

## Funding rounds

- Series A, Jul 17, 2017, $13M — Foundry Group, LaunchCapital, Wavemaker Partners, Techstars, Birchmere, Precursor Ventures
- Seed, Mar 29, 2017, $3M — LaunchCapital, Wavemaker Partners, Birchmere
- Seed, Oct 13, 2016, $1.6M — LaunchCapital, Wavemaker Partners, Birchmere, Precursor Ventures
- Seed, Apr 27, 2016, $1.3M — LaunchCapital, Wavemaker Partners, Birchmere

## Investors

- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Seed, Series A
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Birchmere (https://capitalatlas.ai/funds/birchmere) — Seed, Series A
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed, Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A
- Techstars (https://capitalatlas.ai/funds/techstars) — Series A