San Francisco Startup Specializing In Medicare Managed Care Market Gets $160M In Funding
Clover Health says it will use the new funding to scale its technology and data science platforms and expand into new, undisclosed markets.
San Francisco Business Times:
San Francisco Health Insurance Startup Nabs $160 Million In Series C Funding
Clover Health, a four-year-old health insurance startup that specializes in the Medicare managed care market, has nabbed $160 million in Series C venture funding in a round led by Greenoaks Capital. That gives the San Francisco startup, which has disclosed very little about its growth plans, nearly $300 million in venture funding. (Rauber, 5/20)
Medicare Advantage Insurer Clover Health Raises $160 Million In New Funding
Venture capitalists have opened up the funding spigot into a budding health insurance startup that only enrolls seniors—reflecting a bet that new-age insurers will disrupt the Medicare program. Clover Health, a company that sells Medicare Advantage products and uses data analytics to care for its members, raised $160 million from several investors. (Herman, 5/20)