Funding round
Judi Health Growth
Reported as "Growth Equity"
Judi Health, which works in health benefit management services in Jersey City, raised $50M in a Growth round announced on 11 Oct 2023, led by Transformation Capital. 12 firms took part. It is Judi Health's fourth venture round on record; the one before was a Series C in Jun 2022.
$50M
Amount raised
Not disclosed
Post-money valuation
12
Investors
1 lead
Valuation
What this round says about the price
Judi Health did not disclose a valuation in this round. It came 16 months after Judi Health's Series C. It is 8.1% of the $618M Judi Health has raised in the venture rounds on record. Judi Health raised again 23 months later: a Series F round of $400M in Sep 2025, at $3.25B post-money.
Judi Health's funding rounds
Judi Health has 5 venture rounds on record. This one is highlighted.
- Growth 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 this round 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
Transformation Capital led the round with 11 other firms.
Lead investor
- backs 41 venture-backed companies new investor
Also in the round
- Atlantic Health System new investor
- Banner Health new investor
- Hawai'i Pacific Health new investor
- Inova Health System new investor
- Lehigh Valley Health Network new investor
- Memorial Hermann Health System new investor
- Nebraska Medicine new investor
- Novant Health new investor
- Ochsner Health new investor
- WellSpan Health new investor
- Ochsner Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
20 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $123M, and this round was 41% of the median. The closest in time, other companies' Growth rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 1 Nov 2023 | $265M | $4.00B | not named |
| Insurance - Agents, Carriers & Brokers | 17 Nov 2023 | $134M | $1.68B | Sumitomo Life Insurance Company |
| Insurance - Agents, Carriers & Brokers | 1 Nov 2023 | $25M | not disclosed | Prosperity7 Ventures |
| Insurance - Agents, Carriers & Brokers | 29 Dec 2023 | $574M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 19 Dec 2023 | $92M | $1.00B | Insight Partners |
| Insurance - Agents, Carriers & Brokers | 29 Jan 2024 | $25M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 8 Jan 2024 | undisclosed | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 17 Jan 2024 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Judi Health raise in its Growth round?
Judi Health raised $50M in its Growth round, announced in Oct 2023.
Who led Judi Health's Growth round?
Transformation Capital led it, with Atlantic Health System, Banner Health, Hawai'i Pacific Health, Inova Health System and Lehigh Valley Health Network and 6 more.
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?
20 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $123M, and this round was 41% of the median.
Did Judi Health raise again after this round?
Yes: a Series F round in Sep 2025 of $400M at $3.25B post-money.