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Healia, a health benefits company, has raised a $14 million Series A led by 111° West Capital, CEO Priyang Shah tells Axios Pro exclusively. 

Why it matters: Investors continue backing companies looking to shift employers' rising health costs.

How it works: Columbus, Ohio-based Healia's tool helps employers subsidize costs for employees, spouses or dependents. 

Often, the company subsidizes employee enrollment in another plan, such as a spouse's employer-sponsored health plan.

The company also has technology that allows users to upload plan information from a partner's plan and their own to compare costs.

Healia is currently working on technology that could auto-upload patients' explanation of benefits after a medical procedure to assist with member experience.

Zoom in: Healia customers use a Health Reimbursement Arrangement (HRA) that covers a portion of qualified medical expenses for those employees who enroll in another plan.

Accounts can range from $10,000 to $25,000 for employees who choose to waive medical care coverage from their employer.

Follow the money: First Round Capital, Y Combinator, Pioneer Fund and North Coast Ventures joined the round, which brings the company's total raised to $18 million.

What they're saying: "When you think about most benefit solutions out there, if you want to lower your cost as an employer, you have to sacrifice your benefit package in some way," Shah says.

Exclusive: Healia raises $14M to reduce employers' health costs

Investors are continuing to back unique models that could shift employers' rising health costs.

Illustration of stacks of one hundred dollar bills laid in a medical cross shape

Healia, a health benefits company, has raised a $14 million Series A led by 111° West Capital, CEO Priyang Shah tells Axios Pro exclusively. Why it matters: Investors continue backing companies looking to shift employers&#x27; <a class="gtmContentClick" data-vars-link-text="rising" data-vars-click-url="https://www.axios.com/2026/05/22/employer-health-spending-rising" data-vars-content-id="6a892777-c55d-4695-96ac-1137ac810343" data-vars-headline="Exclusive: Healia raises $14M to reduce employers&#x27; health costs" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/05/22/employer-health-spending-rising" target="_self">rising</a> health costs.

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Exclusive: Healia raises $14M to reduce employers' health costs

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