With $27 Million In Funding, A Tiny Fintech Takes Aim At Cigna, Aetna And UnitedHealthcare

has 12.7 million dental members and UnitedHealthcare Dental has enrolled more than 13 million Americans in its employer-sponsored, Medicare and Medicaid plans. Its largest rival, though, might be Delta Dental Plans Association. The organization covers more than 80 million participants across the country. [Update: Level claims it is negotiating partnerships with some big insurers.]

At 10,000 employees covered today, Level is barely a blip competitively—but Jana Messerschmidt, a partner at Lightspeed, has given the startup a vote of confidence twice over, having backed Level both personally and professionally. “This is one of these companies that has the potential to become Stripe-sized in this new fintech meets insurance tech space,” she says. “There are a lot of things that have to go right for the company for that to happen.”

I'm an assistant editor covering money and markets. Before joining Forbes, I worked at Bloomberg and Pitchbook News reporting on plastic straw bans, pizza robots andI'm an assistant editor covering money and markets. Before joining Forbes, I worked at Bloomberg and Pitchbook News reporting on plastic straw bans, pizza robots and everything in between.

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