Artemis Health Raises $25M

Artemis Health , a benefits data analytics company, has raised $25m in a Series C round led by Bessemer Venture Partners with participation from Maverick Ventures, F-Prime, Hearst Health Ventures, and Rose Park Advisors.

With nearly 50% of Americans getting their healthcare coverage through their employer, the Salt Lake City-based company founded in 2013 provides self-insured employers with insights into employee benefits data to help them reduce wasteful spending and provide effective, affordable health and wellness coverage for employees.

“Employers are uniquely positioned to fix healthcare in the United States by optimizing their health benefits in the best interest of their employees. Artemis Health’s mission is to make it easy for them to leverage the data created by their benefits programs to do exactly that. Some of the most forward-thinking employers in the country trust us as their partner, and we’re thrilled that Bessemer Venture Partners, one of the most savvy investors in the world, is throwing their weight behind our mission as well. Bessemer has a long track record of funding companies that succeed in solving on huge challenges, and their investment in Artemis Health is great validation of not only our mission, but also the progress we’ve made in accomplishing it. This new capital and Bessemer’s expertise will help us push the boundaries of what’s possible with data and accelerate our growth and positive impact on healthcare.” – CEO and co-founder of Artemis Health, Grant Gordon.

“Artemis Health is a natural addition to Bessemer’s healthcare portfolio. For the past two decades, we have partnered with high growth companies that are addressing big challenges in healthcare. Artemis is in a unique position to positively impact not just their clients’ bottom lines, but also the lives of the millions of people in our healthcare system. I am thrilled to help shape the bright future ahead for Artemis.” – Partner at Bessemer Venture Partners, Steve Kraus.