Soda Health Seed

Employees 5+
Primary contact

Soda Health is building solutions which eliminate health inequities and create a healthier America. It provides a technology platform to administer and reimburse benefits personalized to individual needs, delivered more cost-effectively. Among its core solutions, the company will provide health plans and consumers the foundational technology needed to bridge the gap between medical claims and retail payments. For instance, while traditional gift cards incur the full dollar value expense when issued, the Soda Health solution defers the expense until the benefit is redeemed. As a result, beneficiaries experience seamless card activation, easy access to account balance and a variety of redemption options.
Employees 5+
Primary contact

Funding πŸ’°

Total $6M
Last round πŸ”— August 19, 2021.
Select investors Lightspeed Venture Partners, Define Ventures, Qiming Venture Partners USA

Key people πŸ§‘β€πŸ€β€πŸ§‘

Highlights ⭐

  • The COVID-19 pandemic has caused unprecedented stress on social services drives demand for innovative SDOH (Social Determinants of Health) programs.
  • Soda has an experienced executive team that stems from Walmart, where they were responsible for managing the health incentive and payments initiatives.
  • Define Ventures is confident in Soda Health's approach to reduce customer friction, increase utilization and engagement and ultimately define healthcare - Lynne Chou O'Keefe, Founder and Managing Partner of Define Ventures.
  • There's a huge opportunity for technology to streamline and modernize benefits programs to better serve patients and payers - Ling Wong, Senior Advisor with Lightspeed Venture Partners.
Last update: August 28, 2021