When, a Chicago, IL-based AI-powered offboarding solution designed to help employees navigate post-employment transitions and maintain access to healthcare by offering more affordable alternatives to COBRA, closed its latest Seed funding round of $4.6m.
The round was led by B Capital and joined by TTV Capital, Joyance Partners, Alumni Ventures, Network Ventures, and Enfield Capital Partners.
This capital, combined with When’s initial $2.4m round, brings the company’s total amount raised to $7 million.
The company will use this funding to expand its platform’s AI capabilities, add new offerings to its post-employment marketplace, and grow its customer base.
Led by Andy Hamilton, CEO, When provides an AI-powered post-employment platform built for workers in between jobs who need support with health insurance, 401(k) rollovers, financial assistance, and career guidance.
The company provides two distinct solutions: a technology platform, a co-branded portal specifically designed to meet the needs of exiting employees, and the When Benefit, a healthcare severance solution replacing expensive, inflexible COBRA subsidies. When’s solution also includes partner offerings for all aspects of the job transition, including 401(k) rollovers, career coaching, and résumé building.
The company’s AI-powered health insurance marketplace allows users to compare their current coverage with plans from partners including Healthcare.gov and Covered California, as well as Medicare and private providers, so they can understand the cost associated with COBRA and choose the plan that is best for them.
When’s technology platform integrates with 220+ HRIS platforms to provide personalized and compassionate support during the offboarding process. Exiting employees have access to a bilingual nationwide call center and white-glove customer service. When’s marketplace includes partner offerings for all aspects of the job transition, from 401(k) rollovers to career coaching, résumé building, and more.
FinSMEs
01/08/2024