When Raises $4.6M in Latest Seed Funding Round
When is transforming the way companies handle offboarding by providing comprehensive, AI-powered support systems that help employees navigate the complexities of post-employment transitions.
Company Name: When
Location: Chicago, IL
Sector: HR Tech, AI, Healthcare
Funding Details: Closed a Seed funding round of $4.6 million, bringing the total raised to $7 million. The round was led by B Capital, with participation from TTV Capital, Joyance Partners, Alumni Ventures, Network Ventures, and Enfield Capital Partners.
Purpose of Investment: The funding will be used to enhance the AI capabilities of When's platform, introduce new services to its post-employment marketplace, and grow its customer base.
Leadership: Led by CEO Andy Hamilton, When is pioneering solutions that facilitate smoother transitions for employees post-employment.
Product and Innovation: When offers a dual solution aimed at supporting employees during their transition periods:
- Technology Platform: A co-branded portal tailored for exiting employees, providing tools and resources to assist with health insurance decisions, 401(k) rollovers, financial planning, and career guidance.
- The When Benefit: An innovative healthcare severance solution that serves as an alternative to traditional COBRA, offering more flexibility and cost efficiency.
- AI-Powered Health Insurance Marketplace: Enables users to compare their existing coverage with alternative plans from Healthcare.gov, Covered California, Medicare, and private insurers.
Company Growth: When aims to simplify the offboarding experience with AI-driven solutions that support employees in their transition, from personalized health insurance comparisons to comprehensive job transition support. The platform's integration with over 220 HRIS systems ensures a seamless and supportive offboarding process.
About the Company: When is transforming the way companies handle offboarding by providing comprehensive, AI-powered support systems that help employees navigate the complexities of post-employment transitions. This includes extensive support for health insurance choices, financial decisions, and career advancement, making When a leader in employee transition solutions.