When, a Chicago, IL-based AI-powered offboarding resolution designed to assist staff navigate post-employment transitions and keep entry to healthcare by providing extra inexpensive options to COBRA, closed its newest Seed funding spherical of $4.6m.
The spherical was led by B Capital and joined by TTV Capital, Joyance Companions, Alumni Ventures, Community Ventures, and Enfield Capital Companions.
This capital, mixed with When’s preliminary $2.4m spherical, brings the corporate’s whole quantity raised to $7 million.
The corporate will use this funding to develop its platform’s AI capabilities, add new choices to its post-employment market, and develop its buyer base.
Led by Andy Hamilton, CEO, When supplies an AI-powered post-employment platform constructed for employees in between jobs who want help with medical health insurance, 401(ok) rollovers, monetary help, and profession steering.
The corporate supplies two distinct options: a know-how platform, a co-branded portal particularly designed to fulfill the wants of exiting staff, and the When Profit, a healthcare severance resolution changing costly, rigid COBRA subsidies. When’s resolution additionally consists of companion choices for all facets of the job transition, together with 401(ok) rollovers, profession teaching, and résumé constructing.
The corporate’s AI-powered medical health insurance market permits customers to check their present protection with plans from companions together with Healthcare.gov and Lined California, in addition to Medicare and personal suppliers, to allow them to perceive the associated fee related to COBRA and select the plan that’s finest for them.
When’s know-how platform integrates with 220+ HRIS platforms to supply customized and compassionate help throughout the offboarding course of. Exiting staff have entry to a bilingual nationwide name heart and white-glove customer support. When’s market consists of companion choices for all facets of the job transition, from 401(ok) rollovers to profession teaching, résumé constructing, and extra.
FinSMEs
01/08/2024
