Audax Health Raises $20 Million Series B

1-24-2013 9-27-49 PM

Washington DC-based startup Audax Health raises a $20 million Series B round for its wellness platform, Zensey. The round attracted some major names in the health and tech industries, including Jack Rowe, former CEO and chairman of Aetna; Dan Rose, VP of partnerships at Facebook; and Navigy Holdings, a wholly-owned subsidiary of Blue Cross and Blue Shield. Cigna, Cardinal Health, and New Leaf Ventures are also invested in Audax Health from earlier rounds. The latest round brings Audax’s total investment to $55 million.

Audax is building a HIPAA-compliant health and wellness platform accessible on both the Web and through a smartphone app. It is marketed as a one-stop shop for consumer health — tracking calories and exercise, synching data from a slew of activity trackers, monetizing healthy decisions with a rewards program, encouraging physical activity with innovative games, facilitating health Q&A sessions with physicians and nurses, and developing disease-related social networks. It is essentially every consumer health startup consolidated under one name. The Zensey platform is not open to the general public yet, but Cigna customers have been granted early access and are already live on the platform.

The company is led by 24-year-old Brown University dropout Grant Verstandig, who former Apple CEO John Sculley called “the Steve Jobs of consumer health services.” Sculley is also an early investor in Audax Health and sits on the board. Audax will reportedly use the funds for product development, sales, and building out its engineering staff.

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