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Bind On-Demand Health Insurance

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Bind administers health insurance for self-funded customers. Bind is health insurance rewired for our on-demand world

Minneapolis, United StatesFounded 2016Health Tech & Medtech
Valuation $250–500M Last recorded · 2020
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Bind On-Demand Health Insurance and the history behind them.

About Bind On-Demand Health Insurance

YourBind.com, operating under the umbrella of UnitedHealthcare, is a health plan provider that caters to employers with a workforce of 51 or more. The company offers an Affordable Care Act (ACA) compliant health plan, which means it meets the minimum essential coverage required by the ACA. The health plan is available on both a fully insured and self-funded basis, providing flexibility to employers based on their specific needs and financial capabilities.

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The company operates in the healthcare market, specifically in the employer-sponsored health insurance sector. Its unique selling proposition is its clear and upfront pricing, which eliminates the uncertainty often associated with health insurance costs. This transparency is a key factor in attracting clients who value predictability in budgeting.

YourBind.com has leveraged technology to simplify the process of choosing and managing health care options. With a user-friendly interface, employers and employees can search, compare, and select care options with just a few clicks, anytime and anywhere. This ease of use enhances the customer experience, making the health plan more attractive to potential clients.

The company also provides a wealth of resources to help clients navigate the complexities of health insurance. From claim submission to filing appeals, YourBind.com ensures that its clients have the necessary information at their fingertips. This commitment to customer service further strengthens its position in the market.

YourBind.com generates revenue through the premiums paid by employers for the health plans. The cost of the plan depends on the level of coverage chosen and the number of employees covered.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Minneapolis, United States
Employees
356
Open positions
None listed
Dealroom signal
33.3/100
Industry
Health, Fintech
Sub-industry
Health Platform, Insurance
Sector
Health Tech & Medtech, Health Insurance, Tech for Patients, LandH Insurance, MGA, Hard Tech
Client focus
b2b, b2c

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Oct 2020 $105M $420M Ascension —
DEBTDebt Oct 2019 $60M — Undisclosed —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Bind On-Demand Health Insurance website traffic

Latest recorded traffic for Bind On-Demand Health Insurance is 350K monthly website visits, down 25.5% over the last three months. Bind On-Demand Health Insurance's team declined 3.8% over the past year.

Latest monthly visits350K 3-month web change-25.5% 1-year team growth-3.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • Lemhi Ventures
  • Ascension
  • UnitedHealthcare
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Minneapolis HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Bind On-Demand Health Insurance on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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