[ad_1]
Devoted Well being, a US insurtech firm specialising in Medicare providers, has raised $175m in a Collection E funding spherical.
A consortium together with Fearless Ventures, GIC, Highbury Holdings, Maverick Ventures, the House Between and Stardust Fairness led the spherical.
The spherical was additionally joined by different buyers together with Andreessen Horowitz, Emerson Collective, F-Prime Capital Companions, Common Catalyst, GreatPoint Ventures, the Personal Shares Fund and affiliated funds, and Socium Ventures.
Arrange in 2017 by brothers Todd and Ed Park, Devoted Well being goals to supply all-in-one care for Medicare beneficiaries by means of its built-in insurance policy and virtual-first medical care.
Devoted Medical health insurance plans obtain tech-enabled preventative care providers from Devoted Medical, which was set as much as meet the distinctive wants of the Medicare beneficiaries.
The corporate’s proprietary know-how platform, Orinoco, helps Devoted Well being’s end-to-end operations.
Entry essentially the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Acquire aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain electronic mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nevertheless, we would like you to take advantage of
useful
resolution for your corporation, so we provide a free pattern you could obtain by
submitting the under kind
By GlobalData
Devoted Well being stated the most recent infusion follows a interval of serious development for the corporate, which now serves greater than 140,000 members, marking a year-over-year enhance of greater than 70%.
The enlargement contains a rise in protection to 299 counties throughout 13 states.
Devoted Well being co-founder and CEO Ed Park stated: “In a healthcare system that’s not at all times accessible or straightforward to navigate, we at Devoted Well being are profoundly honoured to offer every member with the identical high quality of care and repair we might need for our personal households.
“It’s deeply gratifying to have so many others consider within the promise of our mannequin, and we’re very excited to carry the love and world-class care that’s Dedicated to increasingly Individuals.”
[ad_2]
