Edison Partners announces $25M growth investment in Take Command health care benefits platform

Edison Partners

Princeton-based Edison Partners on Tuesday said it is leading a $25 million growth investment in Dallas-based Take Command, an end-to-end individual health care benefits platform for small and midmarket employers to administer individual coverage health reimbursement arrangements.

Take Command will use the funds to expand sales and marketing, build out its customer experience-driven technology platform, innovate new marketplace offerings and grow transformative partnerships.

“Take Command’s end-to-end health insurance platform has made it a dominant player in the ICHRA market,” Gregg Michaelson, general partner, who led the investment and joins the company’s board of directors, said. “We’re impressed with the company’s growth trajectory, and confident in Jack Hooper and his executive team’s ability to capitalize on ICHRA tailwinds with large employers and build a defined contribution marketplace that unlocks the next generation of benefits.”

“As health care costs continue to rise, our full-stack approach to offering ICHRAs will continue to disrupt group health insurance,” Hooper, founder and CEO of Take Command, said. “We’re grateful to Edison Partners for this investment, and excited to leverage the ‘Edison Edge’ to further define and accelerate our go-to-market strategy, deliver innovative offerings and forge new partnerships to become the industry leading defined contribution platform for health insurance.”

This is Edison’s 12th investment from Edison X, adding to other active health care technology investments, including Capital Rx, Lokavant, PurpleLab, Virtual Health and Zelis Healthcare.