CHICAGO | Economic & Business Development

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Following explosive growth, HealthJoy announces $12.5M funding and plans to double headcount

https://www.builtinchicago.org/2019/...llion-series-b

HealthJoy, a Chicago-based healthtech startup, just raised a $12.5 million Series B to tidy up your health benefits.

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The funding will be used to double headcount. Headcount is currently at 121 employees, and the goal is to push that number to 250 this year.

“Right now our number one goal is to scale the company,” said CEO Justin Holland. “We are doubling our employee count over the next year to stay in front of demand. We are looking for passionate team members who are looking to use their skills to make a difference in people's lives.”

Holland said the company will grow across the board, including on its engineering, customer success, sales and operations teams. HealthJoy will also build out an entirely new development team in Chicago. Holland said the company doubled the size of its office in the beginning of the year to accommodate the planned growth.

Those new hires will join will help HealthJoy accelerate its already rapid growth. According to TechCrunch, the company grew by 610 percent last year and currently has around 200,000 users. The goal for this year is to grow by 250 percent. HealthJoy’s platform is designed to be used by companies of all sizes, from 100 employees to over 50,000.