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Audax Health Closes $20M in Series B

WASHINGTON, DC, Digital health company that empowers consumers to lead healthier lives, announced today they have raised $20 million in Series B funding.
Audax Health, a digital health company that empowers consumers to lead healthier lives, announced today they have raised $20 million in Series B funding, led by Navigy Holdings, Inc. a wholly owned subsidiary of Florida's largest health insurer- with additional funds from current board member Jack Rowe alongside Dan Rose, VP of Partnerships at Facebook, among others. The new capital will primarily be dedicated toward product development, expansions of Audax Health's mobile and engineering teams in D.C. and San Francisco, and strategic partnerships with the nation's leading healthcare insurers and providers.

'As the healthcare industry evolves and providers look for new ways to improve member engagement and wellness, we are seeing an escalating demand for a platform that not only rewards members but also inspires them to lead healthier lives,' said Grant Verstandig, founder and CEO of Audax Health.

Since its founding in 2010, Audax Health has developed partnerships with healthcare insurers and providers - from Cigna to ValueOptions - to increase engagement of its customers, to drive more effective wellness programs, and to lower long-term healthcare costs. The company's flagship digital health platform, Zensey, achieves all three objectives by combining the power of technology with the draw of social media on one holistic, HIPAA-compliant platform.

Audax Health previously raised more than $35 million in funding from corporate partners, including Cigna and Cardinal Health, and is venture-backed by New Leaf Ventures. Ongoing leadership counsel and investments have also been made by Audax Health's board members including: Roger Ferguson, current CEO of TIAA CREF; Jack Rowe, former chairman and CEO of Aetna; and John Sculley, former CEO of Apple and president of PepsiCo.
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About Audax Health
Audax Health empowers people to take control of their health in an easy and productive way through its flagship digital health platform, Zensey. Using the power of data and the draw of social media, Zensey creates a personalized lifestyle plan for users, allowing them to connect and compete with others like them, track progress towards goals, and earn rewards through the HIPAA-compliant platform. Founded in 2010, Audax Health partners directly with healthcare payers with the objective of motivating healthier lifestyles, increasing member engagement and lowering costs spent on preventable illnesses.
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