The company plans to use the new funding to invest in new technology, data infrastructure and to expand into new states. This funding round brings Brave’s total capital raised to $60 million, according to the Oct. 11 Brave news release.
The funding round was led by Town Hall Ventures and marked Town Hall’s first investment from its new $350 million fund.
“Innovation in Medicaid care delivery and reimbursement models is critical for our healthcare system,” Brave co-founder and CEO Anna Lindow said. “Today, we’re energized by the enthusiasm from our forward-looking investors and health plan partners around this aim.”
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