Fijoya, a platform specialising in tailored health and wellness services for employers, has revealed that it has secured an $8.3m funding round.
This investment round was spearheaded by the Venture-Creation fund of Team8, and is expected to assist Fijoya on their mission to pioneer an AI-Powered platform for employer-sponsored healthcare.
The funding will be instrumental in enhancing Fijoya’s platform offerings, particularly focusing on addressing challenges within the $32bn point solution vendor market.
Operating within the intersection of FinTech and healthcare, the company’s comprehensive platform offers employers a streamlined approach to offering health benefits, enabling employees to access thousands of health and wellness services and products through a single, pay-per-use contract.
Baruch Levy, CEO and co-founder of Fijoya, said, “Employer-sponsored healthcare is at a breaking point, with unsustainable complexity and cost. Our goal is to make it easier for employers to deliver the best employee health experience – easy to offer, find, and pay for. A health experience that is flexible, diverse and personalised, just like the people they serve.”
Team8 Managing Partner Assaf Mischari, added, “Fijoya provides an opportunity to impact the lives of 160M employees and their families covered by self-insured employers by optimising the way they consume and pay for healthcare. This funding will allow Fijoya to expand its platform offerings in pursuit of a broad vision to change the landscape of employer-sponsored healthcare. We are incredibly proud that Fijoya is the first digital health startup built in collaboration with Team8’s venture-creation fund.”
Recently, Team8 has announced the closing of funds amounting to $500m.
This latest funding round propels its total assets under management to a landmark figure well beyond $1bn. Since its inception in 2014, Team8 has redefined the venture capital model with a hands-on approach that closely aligns with the operational and strategic needs of the companies it builds and invests in.
This method has garnered strong support from an elite group of limited partners (LPs), corporate backers, and leading figures in some of the world’s foremost companies.
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