insurtech

By Dave Muoio 11:03 am July 23, 2020
Sidecar Health, an insurance startup focused on price transparency and direct payments for care, has raised $20 million in a new round of funding announced this morning. Cathay Innovation headed the raise, with new investors Comcast Ventures, Kauffman Fellows and 23andMe CEO Anne Wojcicki joining in. Prior backers GreatPoint Ventures and Morpheus Ventures participated as well. With this morning's...
By Laura Lovett 04:20 pm June 26, 2020
Health insurtech company Oscar Health scored a whopping $225 million in Series C funding from Google’s parent company Alphabet, General Catalyst, Khosla Ventures, Lakestar, Thrive Capital and Baillie Gifford.  This comes roughly two years after the company announced a $165 million funding round led by Brian Singerman and Founders Fund.  WHAT THEY DO  The company offers direct-to-consumer health...
By Dave Muoio 04:01 pm March 4, 2020
Alignment Healthcare, a Medicare Advantage (MA) insurer that relies on a tech platform to manage its members' shifting data in real time, has announced $135 million in new funding. The Series C round was backed by Fidelity Management & Research Company, Durable Capital Partners L.P. and multiple funds and accounts advised by T. Rowe Price Associates. WHAT THEY DO Active within California (and...

Bright Health headquarters in Minneapolis, Minnesota

By Dave Muoio 12:09 pm 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,...
By Dean Koh 04:17 am September 25, 2019
Shanghai-based CareVoice, a digital health startup targeting the insurance market, which announced an eight-figure Series A raise totaling roughly $10M at the end of August, today announced the launch of CareVoiceOS in mainland China and Hong Kong, a healthcare operating system that allows insurers to deliver health plans which are more tailored, efficient and compelling to their customers. WHAT’...
By Dave Muoio 03:49 pm September 20, 2019
The US is wading into election season, and once again the healthcare system is a prime focal point for each campaign. And although the subject of “Medicare for All” was certainly present back in 2016, movements to overhaul the country’s insurance industry have gained some steam among voters over the last few years and now command considerable airtime during debates between presidential hopefuls....
By Laura Lovett 12:07 pm August 22, 2019
This morning Shanghai-based CareVoice, a digital health startup targeting the insurance market, announced an eight-figure Series A raise totaling roughly $10 million, according to the startup. The new cash round was co-led by LUN Partners Group and an unnamed fintech fund with participation from DNA Capital, SoSV and Artesian Capital.  This comes about a year and a half after the company...
By Dave Muoio 04:13 pm July 10, 2019
Clover Health, an Alphabet-backed insurtech startup serving the Medicare Advantage market, announced this morning the launch of a new subsidiary unit that will be focused on using data from its members to drive drug development. Much like its parent company uses machine learning and artificial intelligence to generate predictive health insights for its member population, Clover Therapeutics will...

Credit: Prudential 

By Dean Koh 11:57 pm June 24, 2019
Hong-Kong headquartered life insurance company Prudential announced that it has entered into a regional agreement with HælthTech, a specialist provider of technology solutions and operating platforms for insurers. Under the agreement, Prudential will integrate HælthTech’s OMNI cloud-computing technology into PRUWorks by Prudential, a one-stop platform that offers small and medium-sized...
By Dave Muoio 03:12 pm March 28, 2019
  Editor's note: A previous version of this article stated that a billing incident involving Clover Health occurred last year, rather than in 2015. This has been corrected below.  Clover Health, an Alphabet-backed insurtech startup focusing on the Medicare Advantage market, is restructuring its internal teams in an attempt to bring on healthcare insurance and health IT expertise, the result of...