In this morning’s Web roundup, Kleiner Perkins Caufield & Byers has led a $10.5 million Series A round in Hixme Inc., Quartet Medicine Inc. has increased its Series A round to $23.25 million, and Inventables Inc., a Chicago startup that makes 3-D carvers and design software, has raised $5 million in Series B funding.
US-based employee health insurance platform startup, HixMe, has raised $10.5m in a Series A funding round, lead by Kleiner Perkins. Hixme is a technology-enabled platform which helps employers transition from the current group benefits model, to a true, market-based private exchange, made possible by the Affordable Care Act. The company was founded as an online marketplace for small businesses and now offers more than 100 million individual policies with over 20 million members across its platform.