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§ Private Profile · Seattle, WA, USA
Secure healthcare benefits data management SaaS for self-funded employers to collect, store, and analyze data in a compliant environment.
Based in Seattle, Washington, Abett develops enterprise data management software that enables self-funded employers to securely collect, store, and analyze their healthcare benefits information. The company operates a business-to-business software-as-a-service model centered around its Lockbox platform, which centralizes vendor data to help organizations control access, ensure regulatory compliance, and identify cost-saving opportunities. Operating with a workforce of over 47 employees, the enterprise generates under $5 million in annual revenue and has secured $12.1 million in total venture capital funding. Abett serves large corporate clients, including Fortune 10 companies, while integrating with major data partners such as CVS Pharmacy, United Healthcare, and Travelers Insurance. The firm's financial backing includes investments from GreatPoint Ventures, Stage Venture Partners, and NextGen Venture Partners. The company was founded in 2018 by early Amazon employees Mike Hanlon and Rob LaRubbio.
Abett has raised $11.6M across 1 funding round.
Abett has raised $11.6M in total across 1 funding round.
Abett has raised $11.6M across 1 funding round. Most recently, it raised $11.6M Series A in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 21, 2024 | $11.6M Series A | Acrew Capital | GreatPoint Ventures, NextGen Venture Partners, Royal Street Ventures | Announced |
Abett has raised $11.6M in total across 1 funding round.
Abett's investors include Acrew Capital, GreatPoint Ventures, NextGen Venture Partners, Royal Street Ventures.