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Overview
Gravie provides simple, cost-conscious health benefits for individuals and small-to-midsize employers. Its flagship offering, the Comfort plan, has no deductible and zero copays for most common services, making healthcare costs predictable. The plan also includes virtual care options for musculoskeletal and mental health support. Gravie also offers Gravie Pay, an interest-free payment option to help members cover healthcare expenses. The company targets small and midsize businesses to reduce premiums compared with prior carrier renewals and to achieve high member retention. Overall, Gravie aims to lessen the financial burden of healthcare and improve access to needed services.
About Gravie
Industries
Fintech
Financial Services
Healthcare
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$432.6M
Headquarters
Minneapolis, Minnesota
Founded
2013
People at Gravie
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Simplify's Take
What believers are saying
- Employers save 16% on premiums year-over-year with sustained renewal savings.
- Members reduce out-of-pocket costs by $98 monthly and use 6% more services.
- ICHRA adoption tripled since 2020, offering SMBs predictable costs and flexibility.
What critics are saying
- Oscar Health's zero-deductible SMB expansion threatens Gravie within 12–18 months.
- Potential ICHRA regulatory crackdown may eliminate defined-contribution advantages for SMBs.
- Teladoc integrating free virtual MSK and mental health directly competes with Gravie.
What makes Gravie unique
- Comfort offers zero deductibles and copays for 85% of common healthcare services.
- Gravie includes virtual MSK and mental health care at no extra cost.
- Gravie Pay provides interest-free payment options to reduce healthcare financial burden.
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Funding
Total Funding
$432.6M
Above
Industry Average
Funded Over
13 Rounds
Benefits
Health Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Holidays
Paid Vacation
Paid Sick Leave
Flexible Work Hours
Paid Parental Leave
Wellness Program
Alternative Medicine Coverage
Cell Phone Reimbursement
Transportation Perks
Education Reimbursement
Paid Paw-ternity Leave
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 1%Gravie <i class="fa fa-info-circle company-popover" data-content="h3Gravie/h3. div. table
MINNEAPOLIS, Feb. 10, 2025 /PRNewswire/ -- Gravie , one of the nation's fastest growing health benefits innovators, has named Steve Wolin as the company's new chief executive. Wolin succeeds Gravie Co-founder and CEO Abir Sen, who will continue as chairman of the board of directors. Prior to joining Gravie, Steve was the chief operating officer at Oscar Health."I'm incredibly excited for this opportunity to lead Gravie into the future as it continues to revolutionize the employer-sponsored health benefits market—especially for small and midsize firms whose unique challenges the industry has historically ignored," said Wolin. "Gravie has been on a remarkable growth trajectory with a three-year compound annual growth rate of more than 150%, while maintaining some of the best customer satisfaction scores I've ever seen in the employer space. In an industry dominated by a handful of players whose business models no longer support the needs of small and midsize firms, this is Gravie's time."Gravie's flagship health plan, known as Comfort®, is a level-funded product with zero premiums and zero deductibles on the most common healthcare services, like doctor's appointments, specialists, urgent care, generic drugs, and labs and imaging
Employer health benefits startup Gravie received a commitment of $40 million debt facility from Trinity Capital Inc.
Gravie, one of the nation's fastest growing health benefits innovators, announces the launch of its new podcast called It's a Gravie Thing: Health Benefits You Can Love.
MINNEAPOLIS, Sept. 19, 2023 /PRNewswire/ -- Gravie, one of the nation's fastest growing health benefits innovators, announced today that Ken Paulus has joined its board of directors. Paulus, who recently retired as the CEO of pharmacy benefit management firm Prime Therapeutics LLC, joins Gravie as an independent director.Paulus brings to the Gravie board decades of experience driving change across several areas of the healthcare industry, including leadership roles at PBMs, health systems and health plans at companies like Allina Health, Harvard Vanguard and Partners Healthcare System. Paulus currently serves on the boards of directors for virtual care leader Teladoc and orthopedic device manufacturer Breg, Inc."We're fortunate to bring someone with Ken's depth of experience and wide breadth of knowledge to Gravie as we continue our ambitious work to build a health plan everyone can love," said Gravie Co-Founder and CEO Abir Sen. "Ken has a unique understanding of how the healthcare ecosystem works and has seen firsthand how misaligned incentives across the industry create a zero-sum game that ultimately fails consumers. His counsel will be invaluable as Gravie works to redefine the health benefits experience."Gravie announced earlier this year that growth equity investor General Atlantic anchored a $179 million investment in the company, alongside existing investors FirstMark Capital and AXA Venture Partners
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About Gravie
Industries
Fintech
Financial Services
Healthcare
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$432.6M
Headquarters
Minneapolis, Minnesota
Founded
2013
There are no jobs for Gravie right now.
Find jobs on Simplify and start your career today