First Dollar has closed a USD14 million Series A funding round led by Blue Venture Fund, a collaboration between Blue Cross Blue Shield (BCBS) companies, the Blue Cross Blue Shield Association, and Sandbox, to which thirty-five BCBS companies have committed over USD890 million across four funds.
First Dollar has closed a USD14 million Series A funding round led by Blue Venture Fund, a collaboration between Blue Cross Blue Shield (BCBS) companies, the Blue Cross Blue Shield Association, and Sandbox, to which thirty-five BCBS companies have committed over USD890 million across four funds.
Blue Venture Fund is joined in the round by existing investors Next Coast Ventures and Meridian Street Capital. Notable angel investors include Zus Health CEO Jonathan Bush, Everly Health CEO Julia Cheek, RPM Ventures Managing Director Marc Weiser, Patientco CTO Sean Joyce, Decent CEO Nick Soman, Firefly Health CEO Fay Rotenberg, and Bright Health Group CTO Brian Gambs.
First Dollar’s early customers include modern health plans like Sidecar Health, Kind Health, and Decent Health. From HSAs and FSAs to prepaid grocery and Rx programs, First Dollar’s payments infrastructure supports tax-advantaged accounts, supplemental benefits, and whatever you dream up next. With an NPS of 80, and proven account utilisation 36 per cent above the industry average, First Dollar is working to build a better way to pay for healthcare.
