Soda Health

Soda Health

Dynamic health benefits management via card

About Soda Health

Simplify's Rating
Why Soda Health is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consumer Software

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$81M

Headquarters

Chicago, Illinois

Founded

2021

Overview

Company Does Not Provide H1B Sponsorship

SodaHealth builds a data-driven health and wellness platform centered on a dynamic health card that lets users add, update, remove, or reload benefits in real time. The card sits at the core of a personalized support system that combines retail data, Social Determinants of Health (SDOH), self-reported information, and health propensity data to tailor resources and questions to each user, turning points of purchase into points of care and guiding behavior change. Unlike generic wellness apps, SodaHealth anchors its services through retailer partnerships and a holistic benefits network, offering a single, customizable framework rather than a fixed set of benefits. The goal is to help individuals improve health outcomes by making benefits flexible, relevant, and easy to access, while strengthening trusted relationships with local retailers and wellness providers.

Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Secured $50M Series B funding led by General Catalyst to scale platform.
  • Partners with Walmart, Kroger, Albertsons, Hy-Vee for Everyday Health Signals program.
  • Launched collaborations with Heritage Grocers and Southeastern Grocers in 2025.

What critics are saying

  • Walmart controls data and roadmap, terminates partnership in 12-24 months.
  • Payer giants UnitedHealth, Humana integrate benefits in-house within 18-36 months.
  • CMS tightens SDOH reimbursements, collapses contracts in 12-24 months.

What makes Soda Health unique

  • evermore rebranded from Soda Health on October 7, 2025, emphasizing outcomes via item-level adjudication.
  • Dynamic health card enables instant addition, update, or removal of personalized benefits.
  • Integrates retail data, SDOH, self-reported, and propensity data for tailored health support.

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Funding

Total Funding

$81M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$50M
Soda Health
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Employee Assistance Program

401(k) Retirement Plan

Unlimited Paid Time Off

Paid Holidays

Parental Leave

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

-2%

2 year growth

-3%
GlobeNewswire
Oct 2nd, 2025
Heritage Grocers Group and Soda Health Partner to Empower Healthier Choices Through Benefit Integration

ONTARIO, Calif., Oct. 02, 2025 (GLOBE NEWSWIRE) - Heritage Grocers Group ("Heritage" or "HGG"), one of the nation's leading Hispanic food retailers, is proud to announce a new partnership with Soda Health, a technology company committed to connecting individuals with essential products and services through Smart Benefits.

HIT Consultant
Jun 17th, 2025
Walmart And Soda Health Launch “Everyday Health Signals™” Program For Medicare And Medicaid Members

Credit: Soda HealthWhat You Should Know:– Walmart and Soda Health, a health technology company focused on smarter health benefits administration announced a collaboration to launch the Walmart Everyday Health Signals™ program.– The strategic initiative will be available to select Medicare Advantage and Medicaid members, providing personalized nutrition and wellness guidance based on retail shopping insights.– The program is designed to support day-to-day decisions for better health and wellbeing by utilizing real-time retail insights and targeted benefit delivery, meeting people where they are in their everyday shopping journeys.A New Approach to Personalized Nutrition and WellnessMembers who enroll in the program can opt-in to receive personalized nutrition and wellness insights based on their shopping patterns on Walmart.com. The program offers a range of data-driven tools and guidance:Personalized Insights: After selecting a wellness objective, members will receive guidance tailored to their goals and personal shopping habits. This includes key nutritional information for purchases like fruits and vegetables.After selecting a wellness objective, members will receive guidance tailored to their goals and personal shopping habits. This includes key nutritional information for purchases like fruits and vegetables. Goal-Oriented Support: The program helps members identify products to help them reach their wellness goals and provides customized healthy recipes and shopping lists.The program helps members identify products to help them reach their wellness goals and provides customized healthy recipes and shopping lists. Benefit and Care Coordination: With member consent, health plans can use the insights to identify additional benefits that support the member’s overall health and wellness, facilitating better care coordination.With 90% of the U.S

Chain Store Age
Jun 17th, 2025
Walmart expands AI health platform to Medicaid, Medicare members

Walmart is partnering with health tech startup Soda Health Inc. to launch the Walmart Everyday Health Signals program to eligible Medicare Advantage and Medicaid members who opt in.

Chain Drug Review
Mar 6th, 2025
Soda Health teams up with Southeastern Grocers to expand smarter benefits

Soda Health teams up with Southeastern Grocers to expand smarter benefits.

FinSMEs
Dec 4th, 2024
Soda Health Raises $50M in Series B Funding

Soda Health, a Bentonville, AR-based health tech company enhancing the use of benefit dollars to improve health outcomes and reduce inequities, raised $50M in Series B funding.

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