Take Command Announces $25M Growth Investment, Led by Edison Partners, as More Employers Seek Affordable Health Insurance Benefit Options
DALLAS, Sept. 19, 2023 /PRNewswire/ -- Take Command, a Dallas-based SaaS platform and leader in the rapidly growing employer sponsored, personalized health benefits space, announced it secured $25 million in growth stage financing led by growth equity investor Edison Partners, with participation from current investors LiveOak Venture Partners and SJF Ventures.
- Take Command is the first and largest company in the U.S. to offer an end-to-end individual coverage health reimbursement arrangements, or ICHRAs, administrative platform and access to an individual health marketplace.
- ICHRAs are a new alternative to traditional group health insurance.
- Historically, employees have had to enroll in coverage from prescribed, one-size-fits-all insurance plans, paying for benefits they may not need.
- Take Command will deploy the investment to further build out an infrastructure that pioneered and continues to shape the future of health benefits.