• FOUNDING YEAR: 2014
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Health insurance provider.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Consumers (senior citizens)
PRIMARY PROBLEM SOLVED:
Clover Health align with physicians by reducing friction and increasing transparency, leading to improved patient care.
COMMENT
The company provide every member of its platform their own personal care team which includes a nurse practitioner and a customer experience agent.

PEOPLE

FOUNDERS:
Kris Gale, Vivek Garipalli
Board Members and Advisors:
Kris Gale, Vivek Garipalli, Josh Kopelman, Nat Turner
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
Greenoaks Capital, Arena Ventures, First Round Capital, Sequoia Capital, Wildcat Ventures, AME Cloud Ventures, Casdin Capital, Floodgate, Nexus Ventures, Refactor Capital, Spark Capital, Athyrium Capital Management, Brainchild Holdings, Grape Arbor VC, GV, Social Capital
KEY EMPLOYEES:
Vivek Garipalli(CEO); Kris Gale(CTO)

TRACTION

VALUATION / MARKET CAP:
$1.2 Billions in 2017
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only
COMMENT:
Clover handles insurance claims and other benefits for about 25,000 Medicare Advantage customers in New Jersey (May 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$425 Millions
DATE OF LAST FUNDING:
May 2017
TOTAL FUNDING COMMENT:
The company is planning to expand its operations within US states by Oct 2017.
FUNDING SERIES:
SERIES A
$100 Million Closed: Sep 2015
SERIES B
$35 Millions Closed: Dec 2015
SERIES C
$160 Million Closed: May 2016
SERIES D
$130 Million Closed: May 2017
LISTED:
NO
COMMENT:
An undisclosed venture fund raised in July 2014.

LATEST RESEARCH