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Announced

Completed

General Atlantic led a $179m funding round in Gravie.

Financials

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Transaction Value£146m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Outsourced HR and Staffing

Single Bidder

United States

Minority

employer health benefits

Friendly

Private Equity

Venture Capital

Private

Acquisition

Domestic

Completed

Synopsis

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General Atlantic, a global growth equity investor, led a $179m funding round in Gravie, one of the fastest growing employer health benefits companies in the United States, with participation from FirstMark Capital and AXA Venture Partners. "We are excited to partner with the seasoned management team at Gravie and focus on helping the Company fulfill its vision to lower the cost of healthcare while simultaneously improving health outcomes for members and their loved ones across the US. We are firm believers in Gravie's value proposition to its members and clients, and we are thrilled to support the Company during its next phase," Jon Michael Reese, General Atlantic Principal.

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