CrowdWell being, an Austin, TX-based well being care know-how firm, raised $6M in Series A funding.
The spherical was led by Next Coast Ventures and Activate Venture Partners.
The firm intends to make use of the funds to speed up progress of its neighborhood and supply extra instruments.
Led by CEO Andy Schoonover, CrowdWell being supplies individuals with a chance to take management of their healthcare decisions. Members are in a position to fight and overcome the challenges of conventional healthcare fashions successfully with out the necessity for insurance coverage. Operating below a month-to-month membership mannequin, the corporate gives a brand new approach to make use of and pay for well being care providers outdoors of medical health insurance.
Instead of paying a excessive premium for insurance coverage firms to resolve what’s or isn’t lined, members make a month-to-month membership cost and others in the Crowd assist fund medical payments from their very own accounts. In addition to the low month-to-month membership and the elevated autonomy of crowdfunding, CrowdWell being additionally makes Care Advocates accessible to members. Care Advocates can coordinate with medical doctors and hospitals to barter decrease prices for medical payments on behalf of members.
The firm additionally gives a Bitcoin funding choice that, launched in October 2022 in partnership with Swan Bitcoin, will enable members to redirect a portion of their month-to-month subscription cost to a Swan account.