Capital Rx, a health technology company and benefits administrator, announced a $400 million funding round and is rebranding as Judi Healt h to reflect its expansion into full-service health benefit management.

This latest financing round, led by Wellington Management and General Catalyst, includes a $252 million Series F investment and additional contributions scheduled to close in early October. In a funding round, a company raises money from investors by selling ownership stakes or other financial agreements.

The deal, announced today, brings Capital Rx’s total funding to $607 million and values the company at $3.25 billion , more than double the $1.5 billion valuation it had at its previous funding in March 2024. The money will support the company’s Enterprise Health Platform,

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