Foley & Lardner LLP served as legal adviser to Take Command, the Dallas-based SaaS platform and leader in the rapidly growing employer sponsored, personalized health benefits space, in its $25 million growth stage financing round led by growth equity investor Edison Partners, with participation from current investors LiveOak Venture Partners and SJF Ventures.
Take Command is a SaaS platform that helps companies reimburse employees for health insurance. Offering seamless administration for Individual Coverage HRAs (ICHRAs) and Qualified Small Employer HRAs (QSEHRAs), Take Command was the first end-to-end ICHRA solution on the market. Take Command will deploy the funding to expand its go-to-market strategy, boost payment functionality across its platform, and innovate new marketplace offerings.
The Foley deal team was led by partner Glenn Singleton and included associates Leslie DeGonia and Ashley Lee.