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Fortuna Health Raises $4M Financing Led By Andreessen Horowitz To Simplify Medicaid Navigation

Nov 15, 2023•about 2 years ago

Amount Raised

$4 Million

Round Type

seed

New YorkHealth Care

Investors

A16z’s Cultural Leadership FundJohn LegendEllen Da SilvaIyah And Sylvia RommElliot CohenJeff GerardCyrus MassoumiJeff SachsY CombinatorBox GroupBio + HealthAndreessen Horowitz

Description

Fortuna Health, a consumer-first platform simplifying Medicaid navigation, today announced a seed investment of $4 million led by Andreessen Horowitz (a16z) Bio + Health with participation from BoxGroup and Y Combinator. The funding accelerates Fortuna's state expansion and partnerships with managed care organizations (MCOs), health systems, and service providers in the Medicaid space.

Company Information

Company

Fortuna Health

Location

New York, New York, United States

About

Fortuna is the only consumer-first platform for navigating Medicaid end-to-end from eligibility and enrollment to renewing coverage. We're backed by top healthcare funds and advisors/angels including a16z, BoxGroup, Y Combinator and the founders of Zocdoc, Pillpack, and Cityblock.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers