XP Health raises $17.1 million

XP Health closed a $17.1 million Series A round led by HC9 Ventures, Valor Capital Group and ManchesterStory. Additional investors include Canvas Ventures, CameronVC, Core Innovation Capital, GSR Ventures, and Plug and Play, as well as Ken Goulet (former EVP Anthem), Kevin Hill (former regional CEO United Healthcare), Jeff Epstein (CFO of Oracle, partner at Bessemer Venture Partners) and Brett Rochkind (former managing partner General Atlantic).

Founded in 2018, XP Health offers a vision care benefit “that doubles the value of coverage while reducing costs by half for members,” stating that it covers more than 250,000 people.

“This round of funding enables us to strengthen the platform’s functionality and provide a stellar consumer experience in the most affordable way to employers, insurance carriers, and employees. We have a game-changing offering for how people access and experience employee benefits – with an ultimate goal to positively impact hundreds of millions of lives through high-quality, accessible, and affordable health benefits.” – Antonio Moraes, Co-Founder, and CEO of XP Health.