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Aligned Marketplace Increases Total Seed Funding to $11M, Expands Advanced Primary Care and Employer Partnerships, Including with 7-Eleven

Aligned Marketplace Increases Total Seed Funding to $11M, Expands Advanced Primary Care and Employer Partnerships, Including with 7-Eleven

February 7, 2025 Craig Etkin

The national advanced primary care marketplace for employers provides access in all 50 states, with 3,000 clinics located within driving distance of >80% of the U.S. population

NEW YORK, Jan. 27, 2025 /PRNewswire/ — Aligned Marketplace, an advanced primary care marketplace for self-insured employers, today announced it has secured an additional $3M in seed funding from existing lead investors A* and Maverick Ventures to drive growth by taking advantage of Advanced Primary Care (APC) as a rapidly growing trend with clear employer demand. In addition, the company added numerous Fortune 500 customers in 2024 and will be presenting on its partnership with 7-Eleven to provide 7-Eleven members with nationwide access to its network of APC providers at the 2025 Conference Board Health Conference. The announcement follows recent success from Aligned Marketplace, including its initial $8 million seed funding round and official company launch, where it introduced its mission to help people find long-lasting, high quality primary care at a lower cost.

Advanced primary care focuses on delivering holistic, patient-centered care that emphasizes prevention, early intervention, and the management of chronic conditions. Unlike traditional fee-for-service models, APC integrates value-based care payment models, aligning provider incentives with improved health outcomes and cost efficiency. As cost containment continues to be a top concern for employers’ healthcare benefits strategies – employers project their healthcare costs will increase by 7.7 percent in 2025 – organizations are looking for innovative approaches to reduce costs. APC is a viable alternative to traditional primary care, and has been proven to significantly increase the quality of care, enhance patient experience, and reduce employer total medical costs by 15 percent.

“As employers grapple with rising healthcare costs, they are motivated to find innovative, value-based solutions. Advanced primary care is a win-win for employers who are looking to cut down on costs and provide access to healthcare their employees will actually use and love,” said Patrick Nelli, CEO of Aligned Marketplace. “We are excited to present the partnership with 7-Eleven and other employers this spring at multiple employer benefit conferences.”

Over the past year, Aligned Marketplace has made remarkable progress in its mission to provide high-quality, accessible primary care. The marketplace now provides access in all 50 states, with 3,000 clinics located within driving distance of greater than 80 percent of the U.S. population. Contracts with leading advanced primary care providers, including CirrusMD, Galileo, Summer Health, and more, have strengthened the ecosystem and improved member coverage. The company continues to meet diverse needs of employers nationwide by providing tools such as Population Health Analytics and Personal Health Assistants to engage members, manage high-risk populations, and reduce healthcare costs.

“As healthcare needs continue to evolve, we’re proud to partner with Aligned Marketplace to support the health and well-being of our employees,” said Dr. Scott Conard, Physician Advisor to 7-Eleven. “With access to a strong network of advanced primary care providers, we’re making it easier for our team to get the care they need when they need it.”

“This additional investment underscores our commitment to Aligned Marketplace’s industry-leading nationwide advanced primary care marketplace. We believe that advanced primary care will play a vital role in shaping the future of a healthy workforce, and we look forward to Aligned Marketplace’s continued growth and success,” said Ambar Bhattacharyya, Managing Director, Maverick Ventures.

“We are proud to invest in a company that is committed to expanding access to high quality primary care. With their recent expansions and partnerships, Aligned Marketplace is well-positioned to help improve outcomes for members and lower employers’ healthcare costs,” said Gautam Gupta, Co-Founder and General Partner, A*. 

About Aligned Marketplace
Aligned Marketplace is an advanced primary care marketplace for self-insured employers. Aligned is an easy and effective way to give employees access to advanced primary care – care that is designed to keep them healthy and proven to reduce health care costs by as much as 15 percent. With a single value-based, shared savings contract, employers see a return on investing in their employees’ improved health. By integrating seamlessly into existing health plans, Aligned Marketplace takes the pain and complexity out of offering advanced primary care. Founded in 2023 by an experienced team of health care veterans, Aligned Marketplace’s network includes more than 3,000 advanced primary care clinics in all 50 states. For more information, go to alignedmarketplace.com.

SOURCE Aligned Marketplace

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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