We’re thrilled to share our newest investment in Auxa Health, which announced its $5.2 million seed financing round today. We are excited to co-invest alongside lead investor Zeal Capital, AlleyCorp, K50 Ventures (thank you, Adriel, for the connection!), and Chaac Ventures.
Auxa Health is an AI-powered health benefit navigation technology solution partnering with payers and providers to enable more efficient and effective care. Auxa supports value based care providers and enablement organizations and expects rapid growth in the provider and payer space this next year. With this new funding, Auxa can further develop its technology, expand benefit coverage, and grow the team. You can read Auxa’s announcement full announcement here.
As investors, we constantly harp on how important strong founders are to any company, particularly at the seed stage. This team is no exception. Auxa is co-founded by three experts with deep domain expertise and alignment with the mission of improvement health outcomes and the patient experience:
Monica Chopra, Co-founder and CEO, is a seasoned healthcare leader with 24+ years of experience at Oscar, athenahealth, Greater New York Hospital Association, and New York Presbyterian Hospital
Samantha Adelberg, Co-founder and SVP of Operations, brings over decade of operations expertise through Unite Us, NYC Opportunity, and others
Dr. Jeffrey De Flavio, Co-founder and Executive Chairman, is a physician an entrepreneur, with an intensive track record including as Co-Founder of Pearl Health, Groups Recover Together, Diana Health, and more
Benefit navigation is an acute problem, with nearly $100 billion in health and social care benefits remaining unused each year despite 70% of Americans reporting at least one unmet need. Auxa addresses this head-on by offering an end-to-end solution that demystifies benefit and drug coverage details, surfaces eligibility and prior authorization requirements, and efficiently enrolls patients into high-value public benefits.
Our investment in Auxa is a continuation of our focus on sub-sectors of healthtech such as value-based care and the caretaker economy, with our existing investments including Yuvo Health and Tender. We understand the urgent need for solutions that increase accessibility to care in equitable ways, and we are excited to support the teams driving these developments forward.
For now, please join us in congratulating the Auxa team on this milestone, and visit www.auxahealth.com to explore opportunities to partner with Auxa and discover how you can join their dynamic and growing team.