Let’s talk facts. On July 21, 2025, Fortuna Health closed an $18M Series A led by Andreessen Horowitz, with backing from Y Combinator and power players from Oscar Health, Abridge, Hex, Vanta, DoorDash, Scale, One Medical, and more. This isn’t just capital, it’s a war chest to drag Medicaid tech into the 21st century and make it actually work for the 90+ million Americans who need it.
At the heart of Fortuna Health is Nikita Singareddy, who doesn’t just know the Medicaid maze, she lived it. A former beneficiary turned CEO, Singareddy combined her experience from Oscar Health, Truepill, and RRE Ventures with the kind of precision you’d expect from someone who once built and sold a media company before Medicaid redeterminations could spell “coverage gap.” She’s not solving someone else’s problem, she’s solving hers.
Add in Cydney Kim as COO, a Princeton valedictorian with chops from McKinsey, HALO Diagnostics, and Bridgewater. She’s the operations sniper you want leading in a sector where red tape moves faster than logic. And Benjamin Wesner as CTO? A former first engineer at Juniper Behavioral Health, Bloomberg alum, and one of those rare technical minds who knows how to scale and secure the stack before regulators even know where to look.
Here’s what Fortuna’s doing: cutting Medicaid enrollment time by 5x, boosting renewal rates by 15%, slashing churn, and bringing in a 95% approval rate. All with a platform that supports seven languages, integrates with state data sources, and delivers real-time status updates, multilingual live support, and a virtual mailbox that actually works. They’re already active in New York, Minnesota, and Pennsylvania. Next stop: nationwide.
This isn’t about checkboxes. This is about making sure someone’s mom doesn’t lose her insulin over a missed letter. It’s about pulling procedural disqualifications, 75% of all Medicaid disenrollments, into the light and saying, “Not on our watch.” And if you think that’s just talk, ask Cedar, MVP Health Care, or Highmark Wholecare. They’ve already brought Fortuna into the fold, and they’re seeing a 53% drop in uncompensated care.
