Digital vision benefits platform XP Health has raised $17.1 million in series A funding.
XP Health looks to keep vision benefits costs low for both employers and employees by removing the middle process that adds markups. XP Health serves 1,500 clients, according to the Sept. 28 XP Health news release provided to Becker's.
The funding round was led by HC9 Ventures, Valor Capital Group and ManchesterStory.
"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," XP Health CEO and co-founder Antonio Moraes said. "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."