Corporates get in Bind for $70m round

Jul 2, 2018 • Robert Lavine

Health insurance platform Bind has raised funding from a consortium featuring strategic partner UnitedHealthcare and Ascension Ventures.

US-based online health insurance startup Bind has secured $70m in funding from investors including care provider UnitedHealthcare, the Star Tribune has reported.

Ascension Ventures, a venture capital firm backed by several healthcare providers, also participated in the round along with Lemhi Ventures, the health-focused VC fund for which Bind CEO Tony Miller is managing partner.

Founded in 2016, Bind has put together an on-demand health insurance platform using UnitedHealthcare’s networks, data and analytics resources that allows users to customise their…

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