Take Command Receives $25M Investment From Edison Partners

Take Command, a Dallas, TX-based provider of an end-to-end individual healthcare benefits platform for small and mid-market employers, received a $25M investment from Edison Partners. Gregg Michaelson, General Partner, who led the investment, joined Take Command’s board of directors. The company intends to use the funds to expand sales and marketing, build out its customer-experience driven technology platform, innovate new marketplace offerings and close new partnerships. Led by Jack Hooper, Founder and CEO, Take Command aims to improve the healthcare system, starting with health insurance. The company helps employers administer individual coverage health reimbursement arrangements (ICHRAs) using a tax-free stipend that lets employees select the best health plan while mitigating cost increases and bringing cost savings to employers.