Optum Ventures has led the latest round for the health plan administration platform, investing together with Cigna Ventures to take its overall funding to $40m.
US-based health plan management platform Flume Health secured $30m on Friday in a series A round led by Optum Ventures, the corporate venturing arm of pharmacy benefits manager Optum.
Health insurance provider Cigna also took part in the round, investing through its Cigna Ventures subsidiary. The company has now raised a total of $40m since it was founded in 2017.
Flume has built a software platform that helps manage healthcare insurance plans, which have been typically handled by third-party administrators…
