Flare Capital Partners led a $16.3m Series A round in Daffodil Health.

Flare Capital Partners, a private equity firm, led a $16.3m Series A round in Daffodil Health, an AI-powered platform modernizing US health plan administration and claims processing, with participation from LRVHealth and returning investor, Maverick Ventures, Scott Mingee, former CEO of Equian, and Jim Lacy, former president and COO of Collective Medical. “For too long, health plans have been unable to meaningfully address the healthcare cost crisis because they’ve been forced to pay high fees to middlemen whose incentives often make the problem worse. At Daffodil, we believe removing these low-value intermediaries from out-of-network repricing and payment integrity is the first step toward modernizing the archaic practices and systems that continue to drive up costs. By giving plans control over pricing logic and real visibility into claims, we’re striving for more transparent, auditable, and cost-effective benefit design across the board,” Navin Nagiah, Daffodil Health CEO and Co-Founder.