Yuzu Health Raises $35M Series A for TPA Platform

Yuzu Health, a next-generation third-party administrator (TPA) that provides infrastructure behind health insurance plans, raised $35 million in a Series A round. The round was led by General Catalyst and Chemistry, with participation from Anthropic’s Anthology Fund, Bain Future Back Ventures, Timeless Ventures, Lachy Groom, and Neo.

Founded in 2022, Yuzu Health is a vertically integrated TPA that runs claims processing, payments, and member administration. The company built a unified, white-labeled system of record to support more customizable plan designs such as direct contracts, cash payment, and dynamic copays.

With the new funding, Yuzu Health plans to expand its engineering organization and scale its platform nationally, while investing in automation for claims adjudication, stop-loss submissions, reconciliation and bookkeeping, and downstream reporting.