The funding will accelerate SureCo’s technology development, carrier integration, and service team expansion to meet the growing demand from large employers seeking predictable health benefits costs and expanded employee choice.
Highlights:
$23M Series A Funding: SureCo raises $23 million in a Series A round led by Health Velocity Capital, with participation from Kaiser Permanente Ventures.
Expansion Plans: The investment will enable SureCo to scale its technology and team, making it easier for large groups to contribute pre-tax dollars to employees to purchase individual health plans from major carriers.
Growing Adoption: With healthcare costs rising, more than 44% of large employers are considering ICHRA adoption by 2026, marking a pivotal moment for the model’s mainstream acceptance.
Summary:
SureCo, a Santa Ana–based health benefits technology company specializing in Individual Coverage Health Reimbursement Arrangements (ICHRA) for large employers, has secured $23 million in Series A funding. The round was led by Health Velocity Capital, with participation from Kaiser Permanente Ventures.
The funding will accelerate SureCo’s technology development, carrier integration, and service team expansion to meet the growing demand from large employers seeking predictable health benefits costs and expanded employee choice.
With healthcare costs rising at the steepest rate in 15 years, more than 44% of large employers are considering ICHRA adoption by 2026, marking a pivotal moment for the model’s mainstream acceptance
