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Venture Capital News: When Announces $4.6M Seed Round

2024-08-01
CHICAGO, IL, When today announced it has closed its latest Seed funding round of $4.6 million.
When, the AI-powered offboarding solution designed to help employees navigate post-employment transitions and maintain access to healthcare by offering more affordable alternatives to COBRA, today announced it has closed its latest Seed funding round of $4.6 million led by B Capital and joined by TTV Capital, Joyance Partners, Alumni Ventures, Network Ventures, and Enfield Capital Partners. This new infusion of capital, combined with When's initial $2.4 million round, brings the company's total amount raised to $7 million. When will use this funding to expand its platform's AI capabilities, add new offerings to its post-employment marketplace, and grow its customer base.

When is the AI-powered post-employment platform built for workers in between jobs who need support with health insurance, 401(k) rollovers, financial assistance, and career guidance. Employers that use When mitigate health insurance risks and costs by replacing expensive and inflexible COBRA subsidies with fixed-dollar health insurance premium reimbursements. Exiting employees can apply their benefit to plans on When's health insurance marketplace, saving as much as 50% compared to COBRA.
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