Connie Health Secures $35 Million Credit Facility

Boston-based Connie Health has obtained an asset-backed revolving credit line from Rivonia Road Capital that can grow to $100 million.

Updated on Nov. 10, 2026 in Healthcare

Connie Health Secures $35 Million Credit Facility

Connie Health, a Boston-headquartered company, secured a $35 million asset-backed revolving credit facility from Rivonia Road Capital. The facility can be expanded up to $100 million to support the company's national expansion.

Why it matters

The financing is backed by Connie Health's Medicare book of business and will fund both organic policy origination and acquisitions. It gives the Boston-based company a path to scale its operations beyond its current equity capital base.

The initial $35 million facility can be expanded to $100 million, nearly matching the roughly $85 million in equity Connie Health has raised since its 2019 founding. Pricing and repayment terms were not disclosed.

The players

Connie Health

Connie Health is a Boston-headquartered company founded in 2019 that operates a network of licensed agents supported by an AI-powered platform.

Rivonia Road Capital

Rivonia Road Capital is a Los Angeles-headquartered lender founded in 2017 that provides asset-backed financing.

HealthQuest Capital

HealthQuest Capital is an investment firm that led Connie Health's Series B equity round in early 2025.

The details

Connie Health secured the asset-backed revolving credit facility from Rivonia Road Capital, which is headquartered in Los Angeles. The company operates a network of hundreds of local licensed agents supported by an AI-powered platform, and the new capital will support both organic growth and acquisitions.

2017: Rivonia Road Capital is founded.
2019: Connie Health is founded.
Early 2025: Connie Health completes a Series B round led by HealthQuest Capital.
November 10, 2026: Connie Health announces the $35 million credit facility.

Industry Context

Connie Health is using its Medicare book of business as collateral to fund growth in the Medicare insurance distribution market. The financing follows its earlier equity rounds and reflects how Medicare-focused agencies are increasingly tapping asset-backed debt to scale.

For consumers who buy Medicare coverage through independent agents, the financing signals that Connie Health plans to expand its agent network nationally. Pricing and availability changes were not announced.

The takeaway

Asset-backed credit can let a growing healthcare distributor scale without diluting ownership further. Readers tracking Medicare-focused companies should watch how such facilities are drawn down over the coming year.