Funding round
Judi Health Series B
Judi Health, which works in health benefit management services in Jersey City, raised $50M in a Series B round announced on 2 Feb 2021, led by Transformation Capital. 2 firms took part. It is Judi Health's second venture round on record; the one before was a Growth in Jul 2019.
$50M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Judi Health did not disclose a valuation in this round. It came 19 months after Judi Health's Growth. It is 8.1% of the $618M Judi Health has raised in the venture rounds on record. Judi Health raised again 16 months later: a Series C round of $106M in Jun 2022. 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 16 Jul 2019, led by Edison Partners $12M
- Series B this round 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
Transformation Capital led the round with 1 other firm.
Lead investor
- backs 41 venture-backed companies new investor
Also in the round
- Edison Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
33 Series B rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $35M, and this round was 1.4 times the median. The closest in time, other companies' Series B rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 3 Feb 2021 | $52M | not disclosed | Westerly Winds and Moor Davidow Ventures |
| Insurance - Agents, Carriers & Brokers | 2 Feb 2021 | $30M | not disclosed | 3L Growth Equity and Hudson Structured Capital Management |
| Insurance - Agents, Carriers & Brokers | 7 Dec 2020 | $61M | not disclosed | EQT Ventures |
| Insurance - Agents, Carriers & Brokers | 2 Dec 2020 | $40M | $100M | The Chernin Group |
| Insurance - Agents, Carriers & Brokers | 27 Apr 2021 | $25M | not disclosed | Prime Ventures |
| Jerry Insurance - Agents, Carriers & Brokers | 17 May 2021 | $28M | not disclosed | Goodwater Capital |
| Insurance - Agents, Carriers & Brokers | 5 May 2021 | $21M | not disclosed | Mosaic Ventures |
| Insurance - Agents, Carriers & Brokers | 20 May 2021 | $20M | not disclosed | RRE Ventures |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Judi Health raise in its Series B round?
Judi Health raised $50M in its Series B round, announced in Feb 2021.
Who led Judi Health's Series B round?
Transformation Capital led it, with Edison Partners.
What was Judi Health's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Insurance - Agents, Carriers & Brokers?
33 Series B rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $35M, and this round was 1.4 times the median.
Did Judi Health raise again after this round?
Yes: a Series C round in Jun 2022 of $106M.