Big congrats to our friends and partners at Arlo on their $4M seed round! We’ve been in the trenches together from the beginning — pushing for a future where small businesses can access affordable, high-quality health plans that aren’t just watered-down versions of what big companies get. At Level Health, we saw something special in Arlo early on: ?? A smart, AI-powered way to quote and underwrite ?? A shared belief in value-based care ?? And a deep commitment to designing plans that work for people, not just spreadsheets We’ve grown a lot together — and while we’re proud to be one of their closest partners, we’re even prouder to call them true collaborators in reimagining what small group health can look like. To the whole Arlo team: this is a huge milestone, and a well-earned one. Your mission is bold, your execution is sharp. We look forward to continuing to build in the same direction — and to keep pushing the standard higher for small group health care.
?? Big news: We are announcing our $4M seed round, led by Upfront Ventures with participation from 8VC and General Catalyst. Health insurance premiums rose 6% in 2024 alone and are up 49% over the past decade. Small businesses are being priced out, forced to choose between unsustainable cost increases or shifting the burden to their employees. Large employers can negotiate better rates and build custom plans. Small businesses? They’re stuck with legacy carriers and limited options. We offer small businesses an alternative! Arlo’s health plans are: ? Built on value-based care ? Powered by AI-enabled underwriting for smarter, faster quotes ? Designed to align incentives — so employers, employees, and providers all benefit ? Focused on preventive care and long-term outcomes With this new funding, we’re accelerating our mission to bring affordable, high-quality, long-term oriented benefits to small businesses across the country. We’re proud to be backed by investors who understand the importance — and urgency — of transforming small group health benefits. With Kevin Zhang from Upfront Ventures, we will be gaining a board member with deep experience in the health care space. Learn more about the round on our blog - link in the comments!