GRAVIE

More Benefits. Fewer Asterisks.

Specialty Solutions Growth Series G (USD 413M total)

Overview

Gravie is a Minneapolis-based health benefits company specializing in employer-sponsored health plans for small and midsize businesses (SMBs). Founded in 2013, Gravie has built a technology-driven model that blends innovative plan design, licensed third-party administration (TPA), and high-touch service to solve a persistent gap in the SMB market: nearly half of smaller employers do not offer health benefits due to cost and complexity.

The company operates as a licensed TPA and administers both level-funded health plans and Individual Coverage Health Reimbursement Arrangements (ICHRAs), targeting employers with 50 or more employees. Gravie's core value proposition centers on eliminating financial barriers to care -- its flagship Comfort plan removes copays and deductibles on the most common health services, resulting in zero out-of-pocket costs on 94% of office visits for members.

With over USD 413M raised across 10 funding rounds and approximately 450 employees, Gravie has grown into one of the better-capitalized companies in the employer health benefits technology space. The company reported a 97% employer satisfaction rating and a broker Net Promoter Score of 87, approximately 30 points above the industry average.

Products & Services

Comfort(R)

A level-funded health plan that removes copays and deductibles on the most common health services. Members experience zero out-of-pocket costs on 94% of office visits. Employers save an average of 15% on total premium costs. Offers both zero-cost coverage options and traditional copay/HSA plan designs.

Key Features

Zero out-of-pocket costs on 94% of office visits
15% average employer savings on total premium
Level-funded structure with risk management
Traditional copay and HSA options also available

Target Users: Small and midsize employers (50-500 employees), distributed through insurance broker channel

Gravie ICHRA(TM)

An Individual Coverage Health Reimbursement Arrangement enabling employers to offer flexible, defined-contribution health benefits. Employers set a fixed monthly allowance; employees use it to purchase individual coverage on the marketplace.

Key Features

Predictable, defined-contribution model for employers
Up to 29% savings on healthcare costs at renewal
Replaces traditional group health plan
Flexible contribution amounts by employee class

Target Users: Employers seeking cost-predictable alternatives to group health plans

Gravie Pay(R)

A solution for managing healthcare cost obligations, enabling members to handle cost-sharing in a streamlined way.

Target Users: Members enrolled in Gravie health plans

Gravie Care(TM)

Care navigation and support services to help members access the right care, understand their benefits, and navigate the healthcare system.

Target Users: Members enrolled in Gravie health plans

At a Glance

Founded: 2013
Headquarters: Minneapolis, Minnesota
Employees: 201-500
Funding: Series G (USD 413M total)

Category & Focus

Category: Specialty Solutions
Subcategories: Employee Benefits TPA Level-Funded Health Plans ICHRA Administration
Insurance Verticals: Health Group Benefits
Target Customers: Employers, Brokers, TPAs

Customers

97% employer satisfaction rating
Broker Net Promoter Score of 87 (approximately 30 points above industry average)
Nearly all employer groups report being satisfied or very satisfied with their health plan