Today, we are excited to share that HealthJoy, the first and only benefits experience platform, has secured $30 million in Series C venture funding.
The round is led by Health Velocity Capital, with participation by existing investors: U.S. Venture Partners, Chicago Ventures, Epic Ventures, Brandon Cruz, and Clint Jones, co-founders of GoHealth. Saurabh Bhansali, Partner at Health Velocity Capital, will be joining our board.
Today is a memorable day for everyone at HealthJoy, their families, our partners, previous investors, our customers, and especially our members. Thousands of members every day depend on us to guide them to affordable, high-quality healthcare, and we strive to deliver the best help possible. Their happiness is our North Star and the driving force behind every choice we make. We plan to use the proceeds of this funding round to accelerate the development of our core platform and improve our service.
Our new funding will allow us to drastically improve our product and include additional intelligence in many parts of our product, including our virtual assistant. We want JOY to be more proactive, helpful and have increased capacity. We plan to improve every aspect of the member’s journey year-round. To make that happen, we’re planning on doubling our engineering talent in our Chicago office. Due to our accelerated growth, we’ll also be expanding our implementation, member services, and customer success teams to deliver industry-leading service. To continue to delight our members, we’ll also be integrating more partners within our platform to help members throughout their healthcare journeys. We want to remove the complexity of being healthy by becoming the most trusted source of healthcare guidance available.
When deciding on a new investment partner, we’ve been selective in who we work with. We always look for someone who brings more than a checkbook; we look for strategic partners who want to bring value to our mission. We couldn’t have asked for a better partner than Health Velocity Capital. For the last 25 years, they have exclusively invested in and helped build healthcare companies looking to create a more affordable, sustainable, consumer-friendly healthcare system. Our missions are aligned, and we look forward to working with them to help shape our company.
If you’re looking to change your employee’s benefits experience to lower your healthcare costs, increase satisfaction, and reduce benefits questions, get a demo of HealthJoy today. If you’re looking to join a company on a mission to change healthcare, visit our career page. We are planning to hire over 200 new employees in 2020-2021. We would love to speak with you!