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Soda Health :Lands 25 million dollars in Series A Financing

BENTONVILLE, AR, Soda Health declared today it has raised $25 million in a Series A round from an investor syndicate.
Soda Health, a healthcare technology company reshaping the supplemental benefits system, announced today it has raised 25 million dollars in a Series A round from an investor syndicate comprising Lightspeed Venture Partners, Define Ventures, and Qiming Venture Partners USA. Soda Health’s platform first streamlines how individuals are matched with supplemental benefits from their health insurance plan, and then provides a simplified, frictionless member experience to easily use these vital resources for access to better health.

Soda Health is a healthcare technology company focused on building solutions which eliminate health inequities and for a healthier America. We provide a technology platform to administer and reimburse benefits personalized to individual needs, delivered more cost-effectively. Our expertise in healthcare, retail and consumer experience provides us with the foundation for creating easy-to-use solutions with an experience which moves beyond transactional relationships to sustained engagement and overall health improvement. That is a win for everyone.

Soda Health’s platform forms a longitudinal healthcare solution that adapts to the ever-changing needs of members through the company’s top notch payment technology and member experience.

“Supplemental benefits today are offered in a patchwork, disconnected, and inefficient manner,” said Soda Health CEO Robby Knight. “The funding is there, the desire to help people is there, but the infrastructure important to connect these disparate pieces doesn’t exist. With today’s funding, Soda Health will build the bridges to connect members to personalized benefits available through their plans, and with retailers where they can use those benefits.”

By personalizing the benefits offered to Medicare Advantage and Medicaid members based on their health status and need, Soda Health envisions to ensure every dollar addresses the disparities people experience across the range of social determinants of health. Soda Health intends to stretch its platform to reach other Americans with unmet needs and provide a customizable, easy-to-use, single card to access any type of benefit that improves an individual’s whole health.

Soda Health’s team brings together leaders across the retail, healthcare, and technology sectors. CEO Robby Knight, President and Chief Growth Officer Daryl Risinger, and Head of Operations Jared Dauman all have years of leadership experience at Walmart. Risinger also previously served as SVP, Marketing and Product Development at Concentra, a subsidiary of Humana Inc. Chris Brown the CTO was previously a VP of digital wellness platform company Rally Health, which UnitedHealthcare acquired in 2017.

About Soda Health

Soda Health is a healthcare technology company concentrates on creating solutions which eliminate health inequities and create a healthier America. We provide a technology platform to administer and reimburse benefits personalized to individual needs, delivered more cost-effectively. Our expertise in healthcare, retail and consumer experience provides us with the foundation for creating easy-to-use solutions with an experience which moves beyond transactional relationships to sustained engagement and overall health improvement. That is a win for everyone. Soda Health is a remote-first company with offices in Chicago and headquartered in Bentonville

Soda health seems to be an amazing startup. Congratulations to the entire team for funding.

Shishir Gupta CEO & Founder Startuplanes

Who is the Founder of Soda Health?

Robby Knight

Where is the head office of soda health?

Chicago, Illinois, United States

When Soda Health was founded?

Soda Health was founded in the year 2021

Who invested in Soda Health?

3 investors invested in soda health including Qiming Venture Partners USA and Lightspeed Venture Partners.

What is the revenue of soda health?

Soda health has not publically announced its revenue.

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