Lowenstein Sandler represented Zeal Capital Partners as lead investor in the $5.2 million seed funding round of Auxa Health, a NYC-based provider of an AI-powered benefit navigation technology solution.
Other participants included existing investor AlleyCorp and new investors K50 Ventures, Laconia Capital Group, and Chaac Ventures.
The company intends to use the funds to further develop its technology, expand benefit coverage, and grow the team.
Zeal Capital Partners is a venture capital firm based in Washington, DC that invests in diverse management teams who are building high-growth, early-stage businesses across the financial technology, employment pathways, and health equity verticals. Zeal leverages its market-backed Inclusive Investing™ strategy to narrow wealth, skills, and healthcare gaps in the United States, and at scale globally.
The Lowenstein deal team included Anthony W. Raymundo and Chad M.P. Weeks.
