level-funded-plans
(3)
Arlo
Arlo is a New York-based health insurance startup rebuilding coverage for small and mid-sized businesses. It pairs AI-driven underwriting with value-based care and cost transparency to offer level-funded plans that make big-company benefits available to teams of roughly 10 to 150 employees, without the big-company admin. Founded in 2022 by former Palantir team lead Jan-Felix Schneider and ex-Finch engineering lead Karthik Bhaskara, Arlo raised a $4M seed round in 2025 led by Upfront Ventures and works with reinsurer Nationwide.
Jan-Felix Schneider
Jan-Felix Schneider is the co-founder and CEO of Arlo, a New York health insurance company rebuilding coverage for small and mid-sized businesses from the ground up. A former Palantir deployment strategist and McKinsey consultant who grew up in Germany, he pairs a Columbia data science background with a plain conviction that people should not go broke while insured. Under his lead, Arlo underwrites its own level-funded plans, supports members directly, and builds its own technology - scaling to tens of thousands of covered lives and hundreds of employer groups, reaching profitability, and raising a $4M seed in 2025.
Sana
Sana is an Austin-based health insurtech building modern, tech-enabled health plans for small and medium-sized businesses. By cutting out the administrative bloat of the traditional 'Big 5' insurers and bundling free virtual primary care and care navigation, Sana says it can lower employer-paid premiums by roughly 20-30% while still offering rich benefits. It sells level-funded and group medical plans direct to employers and through brokers, pairing claims transparency with its own Sana Care clinical team.