LifeRaft Insurances Services
Latest round
- Seed
Last raised
- Dec 2020
Total raised
- $3.5M
Investors
- 2
About LifeRaft Insurances Services
LifeRaft Insurances Services, LLC was founded in 2020 in West Hollywood, US, to provide health benefits solutions. The company has not undergone any major pivots or changes in strategy since its inception. Co-founders Ian Blumenfeld and Nimish Shukla have been integral to its operations, with Ian Blumenfeld also serving as CEO.LifeRaft offers a comprehensive suite of health benefits solutions primarily focusing on Health Reimbursement Arrangements (HRAs) tailored for a diverse clientele, including employers, brokers, digital health companies, and Professional Employer Organizations (PEOs). Their core products include Integrated HRAs (ICHRA), Qualified Small Employer HRAs (QSEHRA), and General HRAs (GCHRA), alongside specialized offerings for fertility and mental health care. LifeRaft's technology-enabled administration platform allows clients to customize benefits programs that cater to specific needs, enhancing flexibility and cost-effectiveness in health insurance management.S.LifeRaft generates revenue through a transactional model that involves providing tailored health benefits solutions to its client base, primarily through subscription services. The firm offers off-the-shelf products and white-labeled solutions that allow partners to brand and integrate services seamlessly into their existing ecosystems. Pricing structures are determined based on the specific solutions and customization levels required by each client, ensuring that LifeRaft's offerings align with the diverse needs of the market., allowing Vitable to provide integrated ICHRA and Direct Primary Care services to small businesses. This acquisition will enable significant growth in the small business sector by offering low-cost health benefits. Future plans include launching new products tailored to enhance health benefit solutions and expanding into new geographic markets, though specific regions and products have yet to be detailed.
Who invested in LifeRaft Insurances Services
2 investors across 1 round
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Funding rounds
Seed
Dec 22, 2020
Amount
$3.5M
Investors
Questions about LifeRaft Insurances Services
Who invested in LifeRaft Insurances Services?
LifeRaft Insurances Services has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has LifeRaft Insurances Services raised?
LifeRaft Insurances Services has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did LifeRaft Insurances Services last raise money?
LifeRaft Insurances Services's most recent round on record is a Seed, in Dec 2020.
What does LifeRaft Insurances Services do?
LifeRaft Insurances Services, LLC was founded in 2020 in West Hollywood, US, to provide health benefits solutions.
Where is LifeRaft Insurances Services headquartered?
LifeRaft Insurances Services is headquartered in West Hollywood, US.
Which VCs invest in companies like LifeRaft Insurances Services?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at LifeRaft Insurances Services's stage. Their profiles are linked below.
VCs backing insurance startups at Seed
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