PYMNTS.com May 24, 2024

Abett has raised $11.6 million to grow its software platform that helps large employers manage and analyze health plan data.

The company’s Lockbox product helps benefits teams share, store and analyze this data, aiming to help them save costs by altering benefits, GeekWire reported Tuesday (May 21).

“Very proud to be part of an amazing team,” Abett said in a LinkedIn post that linked to the report.

Abett’s latest funding round was led by Acrew Capital and brought its total funding to $27 million, according to the report.

The company’s mission is to increase transparency in the healthcare system, according to a mission statement posted on its website.

“We believe the system can be changed, cleansed, and that sunlight is...

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Topics: Health IT, Insurance, Investments, Technology, Trends
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