CrowdHealth, an Austin, TX-based health care technology company, raised $6M in Series A funding.
The round was led by Next Coast Ventures and Activate Venture Partners.
The company intends to use the funds to accelerate growth of its community and provide more tools.
Led by CEO Andy Schoonover, CrowdHealth provides people with an opportunity to take control of their healthcare choices. Members are able to combat and overcome the challenges of traditional healthcare models effectively without the need for insurance. Operating under a monthly membership model, the company offers a new way to use and pay for health care services outside of health insurance.
Instead of paying a high premium for insurance companies to decide what is or isn’t covered, members make a monthly membership payment and others in the Crowd help fund medical bills from their own accounts. In addition to the low monthly membership and the increased autonomy of crowdfunding, CrowdHealth also makes Care Advocates available to members. Care Advocates can coordinate with doctors and hospitals to negotiate lower costs for medical bills on behalf of members.
The company also offers a Bitcoin investment option that, launched in October 2022 in partnership with Swan Bitcoin, will allow members to redirect a portion of their monthly subscription payment to a Swan account.
FinSMEs
09/12/2022