employer health benefits
The company stated Capital Rx will still operate as its pharmacy benefits manager brand under Judi Health.
The company offers ICHRA plans, allowing employers to offer tax-free allowances to employees, who can then choose personalized health, dental and vision benefits.
Pediatric chronic care company Clarity Pediatrics also secured $10 million in seed funding and Los Angeles-based Handl Health brought in $2.5M.
In addition to its move into the employer space, YourCoach also announced a new gamified pricing model for its health coaches.
The raise reportedly brings the company's valuation into unicorn territory.
IVP led the round, which adds to the company's existing $100 million in equity investments.
Data from an Aetna International survey also suggest that employers and convenient digital tools could play a role in connecting these potential patients to care.
A majority of employers, meanwhile, said they are viewing workforce digital health offerings as a worthwhile investment, according to a new Mercer Marsh Benefits, Mercer and Oliver Wyman report.
The round was led by Founders Fund and John Doerr.
A new digital health survey released by Castlight Health showed that while both employers and employees are enthusiastic about the future of digital health, there is a gap between what tech is being provided by employers and what the employees actually want.