Connie Health Secures $35M Credit Facility From Rivonia Road Capital

Connie Health, a Boston-based technology-enabled Medicare insurance brokerage, has secured a $35 million asset-backed revolving credit facility from Rivonia Road Capital. The facility can be expanded up to $100 million.

The financing brings the company’s total equity capital raised to approximately $85 million, alongside the new debt facility. Connie Health plans to use the funding to support its national expansion, including organic policy origination and acquisitions to grow its local agent network.

What is Connie Health?

Connie Health is an AI-powered Medicare platform that helps seniors understand their healthcare options, choose suitable insurance plans and complete enrollment.

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The company combines a network of hundreds of licensed local agents with its technology platform. Members receive support from a dedicated agent during plan selection, enrollment and after enrollment.

Its AI-powered platform manages lead generation, compliance, back-office operations and post-enrollment services. This allows agents to spend more time helping members with their healthcare coverage decisions.

How Much Funding Has Connie Health Raised?

Connie Health has raised approximately $85 million in equity capital to date. It has also secured a new $35 million asset-backed revolving credit facility.

The company most recently raised equity funding in early 2025 through a Series B round. The round was led by HealthQuest Capital, with participation from Khosla Ventures, aMoon and Pitango.

The new credit facility is separate from its equity funding and can be expanded up to $100 million.

Who Provided Connie Health’s Credit Facility?

Rivonia Road Capital provided the $35 million asset-backed revolving credit facility.

The company’s previous Series B investors included HealthQuest Capital, Khosla Ventures, aMoon and Pitango. No additional investors were named in the latest financing announcement.

Why the Funding Matters

Connie Health will use the credit facility to support its expansion across the United States.

The funding will help finance organic policy origination and acquisitions. These investments are expected to support the growth of its local agent network and expand its reach among Medicare members.

Who Founded Connie Health?

Connie Health was founded in 2019 by Oded Eran, Michael Scopa and David Luna. The company is headquartered in Boston, Massachusetts.

"Our model is built on long-term relationships between members and their local agents, and that shows in our retention," said Oded Eran, Co-Founder and CEO of Connie Health. "This facility gives us committed, scalable capital to expand our agent network organically and through acquisitions, ensuring our members continue receiving high-touch, personalized support on our platform."

Market and Business Growth

Connie Health has built a network of hundreds of licensed local agents supported by its proprietary technology platform.

Its model combines local guidance with AI-powered operations to support customers throughout the Medicare enrollment process and beyond. The company is expanding its network through organic growth and acquisitions.

What Happens Next?

Connie Health plans to continue its national expansion by growing policy origination and pursuing acquisitions that strengthen its local agent network.

The new credit facility provides additional financing capacity for these plans and may be expanded from $35 million to as much as $100 million.

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