ICHRA Just Got Better: Our Seed Round and What It Means

Big News

I'm thrilled to announce that Kyra Health has closed our seed funding round, led by FlyOver Capital and Wavemaker 360 with support from our venture studio partner 25Madison. This milestone represents more than just capital. It's a validation of our vision to transform how brokers and their clients experience Individual Coverage Health Reimbursement Arrangements (ICHRA).

Our Founding Vision

Since founding Kyra, my co-founder and I have been driven by a simple belief: ICHRA adoption has been held back not by the concept itself, but by inadequate execution. Brokers want to offer their clients meaningful health benefits solutions without the administrative burden. Employees want choice and support, not confusion and frustration. Traditional ICHRA platforms focus on technology alone, without the change management support that makes implementations successful. We built Kyra differently from day one as the first fully AI-native ICHRA platform that puts exceptional user experience and white-glove service at its core. With this funding, we're now positioned to be the long-term ICHRA partner brokers can confidently recommend to their clients.

Our investors saw what we see every day: the market needs an end-to-end solution that doesn't just check boxes, but actually delivers incredibly high service levels through intelligent technology. FlyOver Capital and Wavemaker 360 recognized that Kyra's full-service approach, combining cutting-edge AI with human-centered design, uniquely positions us to solve the real problems brokers and their clients face.

What's next?

This funding allows us to accelerate what matters most. We're enhancing our platform to deliver the best-in-class user experience your clients deserve. We're expanding our benefit hub with vision, dental, and ancillary offerings so employees get true comprehensive coverage. We're elevating our AI-powered support to provide concierge-level guidance for every member. And we're scaling our operations to serve brokers and their clients everywhere.

The ICHRA market is at an inflection point. Brokers are ready to offer their clients a better solution. To our broker partners who believed in us early: thank you. To brokers and advisors exploring ICHRA solutions: now is the time. Book a demo here or learn more.

Lucas

Co-founder & CEO, Kyra Health