Funding round
Judi Health Growth
Reported as "Growth Equity"
Judi Health, which works in health benefit management services in Jersey City, raised $12M in a Growth round announced on 16 Jul 2019, led by Edison Partners. 1 firm took part. It is Judi Health's first venture round on record.
$12M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Judi Health did not disclose a valuation in this round. It is Judi Health's first venture round on record, 2 years after it was founded in 2017. It is 1.9% of the $618M Judi Health has raised in the venture rounds on record. Judi Health raised again 19 months later: a Series B round of $50M in Feb 2021. Its next priced round, a Series F in Sep 2025, valued it at $3.25B.
Judi Health's funding rounds
Judi Health has 5 venture rounds on record. This one is highlighted.
- Growth this round 16 Jul 2019, led by Edison Partners $12M
- Series B 2 Feb 2021, led by Transformation Capital $50M
- Series C 13 Jun 2022, led by B Capital $106M
- Growth 11 Oct 2023, led by Transformation Capital $50M
- Series F 23 Sep 2025, led by Wellington Management and General Catalyst $400M$3.25B post-money
Investors
Who put money in
Edison Partners led the round.
Lead investor
- Edison Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $47M, and this round was 26% of the median. The closest in time, other companies' Growth rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Kin Insurance Insurance - Agents, Carriers & Brokers | 27 Aug 2019 | $47M | not disclosed | August Capital |
| Insurance - Agents, Carriers & Brokers | 27 Nov 2019 | $36M | $258M | not named |
| Insurance - Agents, Carriers & Brokers | 11 Dec 2018 | $2.00B | $7.00B | Blackstone |
| Insurance - Agents, Carriers & Brokers | 20 Nov 2018 | $7.5M | not disclosed | 4490 Ventures |
| ManyPets Insurance - Agents, Carriers & Brokers | 5 May 2020 | $98M | not disclosed | FTV Management Company |
| Insurance - Agents, Carriers & Brokers | 22 Jul 2020 | undisclosed | not disclosed | Parthenon Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Judi Health raise in its Growth round?
Judi Health raised $12M in its Growth round, announced in Jul 2019.
Who led Judi Health's Growth round?
Edison Partners led it.
What was Judi Health's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Insurance - Agents, Carriers & Brokers?
5 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $47M, and this round was 26% of the median.
Did Judi Health raise again after this round?
Yes: a Series B round in Feb 2021 of $50M.