# Troy Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/troy-health

- Industry: Insurance
- Headquarters: Charlotte, US
- Website: www.troymedicare.com
- Total disclosed funding: $10M
- Latest round: Series B (Nov 17, 2020)
- Investors on record: 2

## About

Troy Health Inc. is a healthcare company focused on providing streamlined Medicare Advantage plans, utilizing innovative technology to enhance healthcare access for beneficiaries in select counties in North Carolina.Founded in 2018, Troy Health Inc. operates as a Medicare Advantage provider, offering services to beneficiaries in counties such as Alexander, Durham, and Cumberland in North Carolina. The company was co-founded by Flaviu Simihaian and Josh Young. The latest funding round was a Series B, in which they raised USD 10.000 mn on November 17, 2020, led by AXA Venture Partners, with participation from Sunwater Capital.Troy Medicare offers two main Medicare Advantage plan options designed to provide beneficiaries with straightforward and comprehensive healthcare coverage. The primary features of these plans include USD 0 copays for visits to both primary care providers and specialists, eliminating the need for referrals to access specialized care. This simplicity in plan offerings contrasts with other providers that often present a complex array of options. The service utilizes the Troy.AI technology platform to enhance the support provided to local, independent pharmacies, ultimately aiming to facilitate lower prices and additional cost-saving opportunities for members. The company serves Medicare beneficiaries residing in specific counties across North Carolina, including but not limited to Alexander, Durham, and Cumberland. These products are tailored to meet the needs of individuals eligible for Medicare Part A and Part B.Troy Medicare generates revenue primarily through its Medicare Advantage plans, which operate under contracts with Medicare and state Medicaid programs. The transactions occur as beneficiaries enroll in the company’s plans, which may involve monthly premiums and various cost-sharing elements such as copayments and coinsurance. The structure of these transactions is direct to consumers, with members receiving services from a network of healthcare providers that participate in the plan. The company focuses on delivering value through its hassle-free plans, which are characterized by their straightforward benefits and comprehensive coverage, designed to be competitive for Medicare beneficiaries within the designated service area.Troy Health Inc. plans to utilize the recent Series B funding of USD 10.000 mn to enhance its service offerings and expand into new markets. The company aims to develop additional Medicare Advantage products tailored to meet diverse needs and is assessing opportunities to enter additional counties across North Carolina. The funding will support these initiatives as they work on finalizing product designs and exploring new geographic regions for expansion by the end of 2021.

## Funding rounds

- Series B, Nov 17, 2020, $10M — AXA Venture Partners, Sunwater Capital

## Investors

- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Series B
- Sunwater Capital (https://capitalatlas.ai/funds/sunwater-capital) — Series B