M&A

Integrity buys Stride Health, backer of $86M in benefits tech

What's the deal? IntegrityDealroom has a profile for this one. Try Dealroom → has acquired Stride Health, a portable benefits technology platform for independent workers. Terms were not disclosed.

Who's involved? Founded in 2013, Stride works with more than 140 gig economy and payroll platforms, including Uber, DoorDash, Gusto, and Amazon Flex, helping workers enroll in health, dental, vision, and life insurance. It had raised $85.9 million across six rounds from investors including AllstateDealroom has a profile for this one. Try Dealroom →, F-Prime Capital, NEA, MastercardDealroom has a profile for this one. Try Dealroom →, Moderne VenturesDealroom has a profile for this one. Try Dealroom →, and Venrock.

What's the endgame? Integrity said the deal expands its reach in the under-65 market by pairing its AI technology, agent network, and distribution platform with Stride's consumer marketplace and enrollment tools. Stride's platform will be integrated with IntegrityCONNECT, its agent system for quoting, applications, enrollment, and CRM.

Why now? Stride now has 104 employees, down 15% from 2024. The acquisition gives it scale through Integrity's omnichannel platform and human agent network.

Integrity co-founder and chief executive officer Bryan W. Adams said the company builds tools to make insurance "simpler, more accessible and more human." He added that "technology works best when it goes hand in hand with human connection."

The signal: The deal reflects growing demand for portable benefits as more Americans work outside traditional employment. By combining an established agent network with a gig-focused marketplace, Integrity is betting the next wave of health coverage growth lies with independent workers.

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Image credit: Generated with Gemini

Source: dealroom

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