Foley Assisted Take Command in $25 Million Growth Financing Round

Foley Assisted Take Command in $25 Million Growth Financing Round

Foley & Lardner LLP provided legal counsel to Take Command, a Dallas-based SaaS platform and leader in the rapidly expanding market for personalised employer-sponsored health benefits, in its $25 million growth financing round led by growth equity firm Edison Partners and with participation from existing investors LiveOak Venture Partners and SJF Ventures.

Take Command, a SaaS platform, reimburses employees for their health insurance through Individual Coverage HRAs (ICHRAs) and Qualified Small Employer HRAs (QSEHRAs). Take Command was the first company to offer a complete ICHRA solution. With the new funding, Take Command plans to expand its reach, improve its platform, and develop new offerings.

The Foley deal team was headed by partner Glenn Singleton, with associates Leslie DeGonia and Ashley Lee supporting him.