Ounce, a Washington, DC-based health and housing company, raised $5.2M in Seed funding.
The round was led by co-led by Meridian Street Capital and Flare Capital, with participation from Chelsea Clinton’s Metrodora Ventures, Wilshire Lane Capital, Chris Nassetta (Hilton CEO), Taylor Justice (Unite Us cofounder), and others.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Rachel Munsie, Ounce helps enroll eligible individuals and families in health insurance and vital government assistance programs. The company embeds its team of trained Community Health Workers (CHWs) within affordable housing properties where they directly connect and regularly engage with residents, building trusted relationships over time. The CHW model is recognized as playing a crucial role for Medicaid beneficiaries by providing personalized support, education, and guidance that empowers individuals to navigate complex healthcare systems, adhere to treatment plans, and address social drivers of health, ultimately leading to improved health outcomes.
Ounce CHWs evaluate residents for gaps in care, host onsite health clinics and screenings, enroll residents in public benefits like Medicaid, SNAP and disability, and connect residents to healthcare and social services, including scheduling primary care and pediatric appointments or helping residents apply for rental assistance.
The company partnered with AmeriHealth Caritas D.C. and National Housing Trust to bring care coordination and wraparound services to over 2,000 residents of affordable housing across 9 properties in D.C. Ounce also works closely with D.C.-based providers such as C3Cares and Urgent Wellness, along with several local community organizations including: Bread for the City, Capital Area Food Bank, Giant Healthy Living, Latin American Youth Center, Martha’s Table, So Others Might Eat, UPO Workforce Institute, and many more.
FinSMEs
05/10/2023