XP Health, a California-based health technology startup revolutionizing vision care, has secured 33.2 million in a Series B funding round and partnered with Employee Navigator and Bennie to democratize access to high-quality vision care.
According to the company’s announcement yesterday, the round was backed by prominent fintech VC firm QED Investors, with significant financial support from Semper Virens, Canvas Ventures, American Family Ventures, Valor Capital Group, Manchester Story, and HC9 Ventures.
Co-founded in 2019 by Antonio Ermirio de Moraes Neto and James Wong, the company offers a wide range of vision care programs aimed at minimizing employee expenses and providing great care experiences.
For the past two years, the company has experienced rapid growth, expanding its business customers from 30 to over 3000, with its programs covering over 250,000 people.
Securing Partnerships to Expand Access to Affordable Vision Care
As part of its commitment to vision care, XP Health has also secured a partnership with Employee Navigator, a leading employee benefit administration platform that simplifies access to and understanding of employee benefits.
XP Health’s new partnership with Navigator will allow it to offer six different vision programs. These programs will be available on Navigator’s marketplace as employer-sponsored and employee-voluntary packages, with no individual quoting needed.
This will help alleviate the longer wait times and complexities that usually arise from individual quoting, allowing the brokers to provide high-quality vision care immediately.
Like Employee Navigator, XP Health’s partnership with Bennie will expand the company’s offering to a larger customer base. Bennie’s platform will allow customers to access XP Health’s services through Bennie’s Employer Marketplace, allowing administrators to select benefit options suitable for their organizations.
These two partnerships will expand XP Health’s programs to more capable members, making the experience seamless for human resource leaders and employees.