Handl Health, a technology platform focused on redesigning employer-sponsored health insurance to lower costs and improve patient outcomes, has raised $14.2 million in a Series A funding round to accelerate structural change across the U.S. healthcare system.
The round was led by Arthur Ventures, with follow-on participation from Syndra Capital Partners and a strategic investor from the healthcare ecosystem. Existing investors Mucker Capital, Riverfront Ventures, Digital Health Venture Partners and Boutique Venture Partners also increased their commitments.
Approximately 60% of Americans under retirement age receive coverage through employer-sponsored plans, yet costs for both employers and employees continue to rise sharply while access to care has declined. Handl Health is targeting these challenges by supporting insurance brokers, carriers and third-party administrators, which serve as key decision-makers in the design and administration of employer-sponsored health plans.
Over the past two years, the company has worked with employers to reassess network strategies and benefits design, identifying a reported $113 million in savings across nearly $1 billion in healthcare spending. Handl also supports alternative health plans that have reportedly reduced consumer costs by 22% for shoppable procedures.
The newly raised capital will be used to expand the company’s platform and enhance its analytics capabilities, enabling deeper plan insights and more predictable pricing structures. The company says these improvements are designed to drive higher-quality care and more cost-effective benefits for employees.
Arthur Ventures, an early growth capital firm that invests in B2B software companies outside Silicon Valley, manages approximately $2 billion in assets and is currently investing from $800 million in committed capital tied to its 2025 fund vintages.
Handl Health said its platform integrates pricing, utilization, benefit and quality data into a unified analytical and operational layer. The company aims to help brokers, carriers and third-party administrators move beyond traditional, one-size-fits-all insurance models and toward more flexible, data-driven health plan designs centered on patient needs.
KEY QUOTES
“We’re seeing a once-in-a-lifetime shift in how employers purchase healthcare. The building blocks for better health plans already exist across the ecosystem. What’s been missing is the platform that connects insight to action, a place where users can design a plan to optimize care pathways, deploy them through an intuitive member experience and then continuously refine that plan based on real-world performance. That’s exactly what we’ve built. That’s how we’re forging the future of healthcare in the U.S. We’re killing one-size-fits-all, mass marketed health plans. Patients are demanding better health insurance options and employers are listening. It’s time for patients to start loving their health insurance.”
Ahmed Marmoush, Co-Founder And CEO, Handl Health
“AI and price transparency data are redefining how health plans are designed and managed. We’re thrilled to partner with Handl Health as its platform leads the next generation of network analytics and alternative health plan design.”
Nick Goblisch, Vice President, Arthur Ventures
“When building a cost-effective healthcare plan, you can no longer simply choose a carrier or network. You need to understand provider performance on both cost and quality, model different configurations, then evaluate what care pathways actually cost. We give users the infrastructure to design around those realities, deploy the plan and continuously track whether it’s delivering better outcomes at lower cost.”
Ria Shah, Co-Founder And Chief Product Officer, Handl Health
