Payers
Olive said the deal completes its pivot to focus on health system finances.
The company also announced a new payer network and revenue cycle management service.
Spanish home care startup Senniors raised $5.6 million, and health benefits company Thatch launched with more than $6 million raised in pre-seed and seed funding.
The funds will help the company continue to expand into new markets.
The funding comes a year after the payment startup announced a $15 million Series A.
Calm Health, offered through providers, payers and self-insured employers, builds off the company's acquisition of Ripple Health Group.
The company will also stop offering Medicare Advantage plans outside of California and Florida.
CEO and cofounder Robby Knight discusses why supplemental benefits for food, transportation and over-the-counter medications can be difficult for members to access.
Instacart confidentially filed for an initial public offering with the Securities and Exchange Commission earlier this year.
The insurer said the new offering will be included in the majority of its commercial health plans.