General Atlantic has led a growth investment into Gravie, according to a news release.
Gravie, based in Minneapolis, is an employer health benefits company. Founded in 2013, the company primarily works with small and midsize employers.
General Atlantic, based in New York, is a global growth equity firm that prefers to make more substantial investments from a dollars perspective in healthcare and a number of other sectors. Founded in 1980, the firm pursues healthcare investments in the provider services, life sciences/pharmaceutical industry, hospitals/major facilities and non-reimbursement industries.
Joining General Atlantic in the $179 million equity investment into Gravie was existing Gravie investors FirstMark Capital and AXA Venture Partners.