General Atlantic Invests $179M in Gravie

General Atlantic, together with other investors, entered into agreements to purchase $179 million of stock in Gravie, Inc., a provider of health benefit plans. Faegre Drinker provided counsel to Gravie throughout the transaction that will be anchored by General Atlantic, with participation from previous investors FirstMark Capital and AXA Venture Partners. The equity investment is expected to help Gravie expand insurance coverage in the U.S., including expansion of its flagship product for small and medium-sized businesses.