The $25 million round was led by Bessemer Venture Partners with the participation of Maverick Ventures, F-Prime, Hearst Health Ventures and Rose Park Advisors. Bessemer Venture Partners has a history of investing in healthcare technology companies, and its portfolio includes Allscripts, Bright Health, Liazon, Welltok and DocuTAP.
Artemis Health, based in Salt Lake City, Utah, provides self-insured employers with insights into employee benefit data to help them reduce wasteful spending and ensure effective, affordable health and wellness coverage for employees.
“Employers are uniquely positioned to fix healthcare in the United States by optimizing their health benefits in the best interests of their employees. The mission of Artemis Health is to make it easy for them to use the data generated by their benefit programs to do exactly that. Some of the country’s most forward-thinking employers trust us as their partners, and we are thrilled that Bessemer Venture Partners, one of the world’s most talented investors, is also putting their weight behind our mission,” said Grant Gordon, CEO and co-founder of Artemis Health. “Bessemer has a long record of financing companies that are successful in addressing huge challenges, and their investment in Artemis Health is a great validation not only of our mission, but also of the progress we have made in achieving it. This new capital and the expertise of Bessemer will help us push the boundaries of what is possible with data and accelerate our growth and positive impact on healthcare. “That’s right.
Almost 50 percent of Americans have their health insurance coverage through their employers, so that’s where Artemis Health has focused its efforts. The Artemis Platform provides human resources professionals with the insights, data and analytical support they need to make data-driven decisions on employee benefits. Artemis clients use their benefit data to help employees lead healthier lives; for example, they eliminate wasted prescription spending, track the success of wellness programs, and find gaps in care or coverage.
Steve Kraus, partner of Bessemer Venture Partners, will join the Board of Directors of Artemis Health. Kraus is currently a member of the Board of Health Technology Leaders such as Welltok, Bright Health, Groups, Qventus, Health Essentials, Docent Health and Alcresta.
“Artemis Health is a natural addition to Bessemer’s health portfolio. Over the last two decades, we have partnered with high-growth companies addressing major health challenges. Artemis is in a unique position to have a positive impact not only on the bottom line of its clients, but also on the lives of millions of people in our healthcare system. I’m thrilled to help shape the bright future ahead for Artemis,” Kraus said.
In 2018, Artemis Health saw an enormous increase, including the doubling of employees, the addition of new functionality to the platform and the creation of a next generation data management system. The Artemis Platform is now improving the lives of more than 4 million employees and their families who benefit from our employer and broker customers.
About the health of Artemis
At Artemis Health, we are working to help fix healthcare in America We make it easy for self-insured employers to use their own benefit data to provide better health benefits for fewer dollars for their employees. We believe that everyone should have good healthcare, which they can afford. Learn more about our data analytics solutions and services at www. Health of the artemis Come on,
About Bessemer Venture Partner
Bessemer Venture Partners is the most experienced early-stage venture capital firm in the world. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create and support companies that matter at every stage of their growth. The firm has supported more than 120 IPOs, including Shopify, Yelp, LinkedIn, Skype, LifeLock, OvaScience, Allscripts, Twilio, SendGrid, DocuSign, Wix, and MindBody. Bessemer’s 15 partners have offices in Silicon Valley, San Francisco, New York City, Boston, Israel and India. Please visit www for more information. Please, bvp Come on,
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