April 7, 2021
Insurtech company Bright Health has snapped up telehealth startup Zipnosis for an undisclosed sum. The acquisition, which was first reported by MedCityNews, signals that the unicorn health insurance company is looking to strengthen its foothold in the telemedicine market.
According to a release by Zipnosis' financial officer, Cain Brothers, this deal will allow Bright Health to deliver...
November 24, 2020
As Hims & Hers prepares for the public market, it’s adding new members to its board with backgrounds in investing and consumer tech. This morning it exclusively announced to MobiHealthNews two new board members Lynne Chou O’Keefeand David Wells.
O’Keefe comes from an investment background. She is the founder and managing partner of Define Ventures and served as a partner in the Life Sciences...
September 22, 2020
Insurtech company Bright Health announced today another bout of funding, this time racking up $500 million for its Series E round.
The funding round included new investors Tiger Global Management, T. Rowe Price Associates and Blackstone, as well as existing investors including NEA, Bessemer Venture Partners and Greenspring Associates.
WHAT IT DOES?
Bright Health got its start as a consumer-...
April 23, 2020
Digital diabetes company Virta has named Dr. Robert Ratnerits next Chief Medical Officer. Ratner comes to the position following his tenure as Chief Scientific and Medical Officer for the American Diabetes Association. This news comes only a few months after the company announced its $93 million Series C funding round.
Ratner has been involved with the San Francisco-based startup for some time,...
December 17, 2019
Bright Health’s funding rounds keep getting bigger and bigger, with the health insurance startup announcing today the close a $635 million Series D.
Led by New Enterprise Associates (NEA) with additional support from Bessemer Venture Partners, Cross Creek Advisors, Declaration Partners, Flare Capital Partners, Greenspring Associates, Meritech Capital, Redpoint Ventures and Town Hall Ventures,...
November 29, 2018
Bright Health has topped off its already impressive fundraising with a $200 million oversubscribed Series C funding round, the Minnesota-based integrated health insurance startup announced this morning. Support came from new investors Declaration Partners and Meritech Capital, as well as from returning backers Bessemer Venture Partners, Cross Creek Advisors, Flare Capital, Greenspring Associates...
October 11, 2018
As consumers become more involved in their healthcare, payers and providers alike are being forced to think about the industry differently. But this could give new insurers the opportunity to start looking at the consumer space, Bob Sheehy, CEO of Bright Health, said at Digital Health Innovation Summit in Boston today.
“The thing about healthcare is often times we’ve forgotten about the consumer...
June 1, 2017
Bright Health, the Minnesota-based health insurance startup that boasts "a smarter, more connected" experience, has raised a new round of $160 million. Greenspring Associates led the round, with additional participation from new investors Greycroft Partners, Redpoint Ventures and Cross Creek Advisors and existing investors New Enterprise Associates (NEA), Bessemer Venture Partners, and Flare...
May 12, 2016
April was a big month for digital health funding, with 15 more deals coming through, totalling an impressive $220 million and bringing the total funding so far this year to $691 million. As we did in February with Oscar, we're excluding the largest deal, Bright Health's $80 million round, from the total because the company in question is a tech-saavy payer, but not a digital health company per se...
April 6, 2016
Minneapolis-based tech-savvy payer Bright Health has raised $80 million in a round led by Bessemer Venture Partners and New Enterprise Associates (NEA), with participation from Flare Capital Partners.
Bright Health is led by a team of experienced healthcare executives. The company’s CEO Bob Sheehy was previously the CEO of UnitedHealthcare. Kyle Rolfing, Bright Health’s president, is the...