205: Erik Wissig, CFO, Hixme

A Brief Explanation of Seed Funding

As the CFO of Hixme Insurance Solutions, Inc., Eric Wissig manages the financial strategy and business plan of this technology-centered health insurance startup. Among his achievements at Hixme, Eric Wissig has been instrumental in raising over $12 million in seed and series A venture capital for the firm. The seed or angel funds of a startup generally refer to the first monies invested in a business after the founder’s initial investment and investments from friends and family. Angel funders typically put in relatively small amounts of money to allow for continued growth. In exchange for this, they receive an ownership interest. Additionally, they may actually assist in getting the company off the ground. Seed investors aim to help the company gain some traction, ideally creating interest from larger, professional investors, such as venture capitalist companies. Once these higher level investors become involved, investment opportunities continue in series or rounds, with each roun

Hixme’s Custom Insurance Platform Gives Workers Choice

Guiding Hixme Insurance Solutions, Inc., as chief financial officer, Erik Wissig informs a technology-driven company that offers a full range of solutions in the health benefits sphere. Working with large companies and organizations, Erik Wissig and his team provide pathways for replacing the outmoded, rigid, group insurance model with insurance that is tailored to the individual needs of employees and their families. A recent California Broker Magazine article featured the insights of Hixme CEO Denny Weinberg about his company’s role in enabling employee choice, which avoids the pitfall of over-insurance. Bringing focus to the employer-funding mechanism, Hixme takes the perspective that each person covered has “vastly different needs and preferences.” With Hixme, employers no longer guess what coverage workers need from a narrow one-size-fits-all viewpoint. At the same time, employees gain access to the decision-making process through the WorkPlace Market platform. The result is a

Erik Wissig | Blogspot

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