Andel announced a $4.5 million capital raise to launch a revolutionary new platform that strengthens pharmacy benefits by giving employers an affordable way to include GLP-1s. Investors include Lightbank, Seedcamp, Bertelsmann Healthcare Investments, Houghton Street Ventures, and Springboard.
Two out of three employers (64%) do not offer GLP-1 coverage for weight loss. Employees need these medications, but with their healthcare costs projected more than 10% in 2026, employers can’t afford to cover them.
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Andel solves this problem with a unique cooperative model that leverages members’ combined buying power to purchase medications directly from manufacturers at below-market prices. Then, employers add a subsidy of their choosing to further reduce costs to members. From prescription verification to next‑day delivery, the entire experience is seamlessly coordinated through Andel’s native apps.
“Expanding access to healthcare is the cornerstone of our mission,” said Ritu Malhotra, co-founder, PharmD. “Andel gives employers an innovative new pharmacy-benefit solution that fills the coverage gap.”
The result? Employees get the brand-name medicine they need at a price they can afford — no waiting for approvals or prerequisites. And employers get a compelling plug-and-play benefit that fits their budget.
“We’re living in an era of life-changing medical breakthroughs, yet they remain out of reach for millions of Americans,” said Jay Bregman, co-founder and CEO. “By building Andel as a cooperative platform, we align incentives with our members — not insurers.”
Andel’s founding team:
Jay Bregman has raised more than $250 million and successfully exited three companies, including the ridesharing network Hailo (now Lyft Europe) and Thimble, which was acquired by S&P 500 insurer Arch.
Ritu Malhotra, PharmD, is a licensed pharmacist with more than 20 years of leadership experience across major benefit-consulting firms, She also served as a top executive at CVS Health.
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