Hercules Capital, Inc. (NYSE: HTGC) provided growth funding to Remodel Health as part of a raise exceeding $100 million, announced on December 19, 2024. Remodel Health, a provider of Individual Coverage Health Reimbursement Arrangement (ICHRA) solutions, also received investment from Oak HC/FT.
Remodel Health intends to use this capital to continue its national expansion, building on its position as a dominant player in the ICHRA market. The company's growth has been bolstered by its acquisition of PeopleKeep in early 2024, positioning it to serve a wide range of employers.
This investment aligns with Hercules Capital's strategy of supporting high-growth, innovative companies. Remodel Health's focus on expanding access to health benefits through its technology platform presents a significant market opportunity.
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