I’m thrilled to announce that Jiff has raised an $18.3 million dollar Series B round of investment led by Venrock. Our existing investors, Aeris Capital and Aberdare Ventures also contributed significantly to the round.
We’re excited to join the Venrock family, a partner that also backs some of the most exciting and successful companies in Health IT, such as Zenefits, Grand Rounds, and Castlight Health. Bob Kocher and Bryan Roberts, our Venrock team leads, are two of the best Health IT investors in the world. Bob Kocher shared his thoughts on why Jiff was a good investment in a recent blog post:
“It’s no secret that we at Venrock are very involved in this sector and have high hopes for the capacity for technology to fix healthcare, so we are thrilled to add Jiff to the family. We see many synergies with Jiff and our existing portfolio. As an investment, Jiff is consistent with our strategy of investing in companies that help employers get more value for their healthcare expenses. We are also optimistic that more employers will use Jiff to take advantage of the 50% increase in economic incentives that employers can offer workers to participate in wellness programs as part of the Affordable Care Act.”
We’re excited to work with Bob and the rest of the Venrock to continue to grow Jiff. Now it is time to really get to work and massively grow our sales and marketing teams, expand our sales and distribution channels, and to add more digital health partners to the Jiff platform. There’s a lot more to come from Jiff… so stay tuned!