Connie Health secured a $35 million asset-backed revolving credit facility from Rivonia Road Capital. The facility can expand to $100 million. The company is a technology-enabled Medicare insurance brokerage.
Facility terms
The credit facility is backed by Connie's Medicare book of business. It will fund organic policy origination and acquisitions. Rivonia Road Capital is a global private capital manager focused on specialty lending.
Company background
Connie Health was founded in 2019 and is headquartered in Boston. It has raised approximately $85 million in equity capital. Its most recent round was a Series B in early 2025 led by HealthQuest Capital, with Khosla Ventures, aMoon, and Pitango participating.
How the platform works
Connie operates an AI-native insurance agency. It connects hundreds of local licensed agents with a technology platform. Members get a dedicated local agent for plan selection, enrollment, and ongoing support.
The company plans to use the facility for national expansion. It expects to grow its agent network. Rivonia said the deal extends its commitment to insurance distribution.