Connie Health secures $35 million credit facility

Medicare insurance brokerage Connie Health secured a $35 million asset-backed revolving credit facility from Rivonia Road Capital to fund policy origination and acquisitions.

The facility, backed by Connie’s Medicare book of business, can expand to $100 million to support its national expansion.

Founded in 2019 and headquartered in Boston, Connie combines a network of hundreds of local licensed agents with an AI-powered platform supporting lead generation, compliance, back-office operations and post-enrollment servicing. Its agents help customers select and enroll in Medicare Advantage, Medicare Supplement and prescription drug plans.

Connie has raised approximately $85 million in equity funding, most recently through a Series B round in early 2025 led by HealthQuest Capital, with participation from Khosla Ventures, aMoon and Pitango.

Connie Health has 178 employees listed on LinkedIn, up 27% over the past year.