Antidote Health secures $22M to advance AI telehealth and ACA plans
Antidote Health secures $22M to advance AI telehealth and ACA plans
The digital-first healthcare provider reports achieving tens of millions in ARR within weeks of the ongoing Open Enrollment Period for U.S. Affordable Care Act plans.
Digital HMO Antidote Health announced on Wednesday the initial closing of a $22 million fundraising round, bringing its total funding to $57 million. The round attracted several new strategic investors from the healthcare and technology sectors, joining existing shareholders such as WellTech Ventures, iAngels, Flint Capital, G11, and NBA star Giannis Antetokounmpo.
Founded in 2020, Antidote Health is led by CEO Avihai Sodri, who previously served as Head of Insurance and Business Development at Leumit Health Services and as CEO of Vectis Claims Services, which was acquired by Swiss Re AG in 2019. Sodri co-founded the company alongside CTO Carine Belle-Feder, CMO David Zlotnik, and serial entrepreneur Ben Enosh.
Antidote Health offers a direct-to-consumer service designed to provide affordable, ACA-compliant health plans, integrating an AI-powered telehealth platform with personalized healthcare guidance. Headquartered in New York, the company operates an R&D center in Israel and currently employs around 50 people—20 of whom are based in Israel. This follows a restructuring in 2022, during which the company reduced its workforce by dozens of employees.
The new funding round comes during a period of rapid growth for Antidote Health, which reports achieving tens of millions in Annual Recurring Revenue (ARR) within weeks of the ongoing Open Enrollment Period (OEP) for U.S. Affordable Care Act (ACA) plans.
“The remarkable response we’ve seen in such a short period validates our model and the market’s demand for accessible, quality healthcare,” said Avihai Sodri, Co-founder and CEO of Antidote Health. “With this new funding, we’re ready to accelerate our expansion, enhance our AI capabilities, and continue delivering unparalleled value to our customers.”
