• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Health Insurance platform
MAIN CLIENTS:
Retail health insurance Consumers and health providers
EXISTING PARTNERSHIPS:
Partnership with Qualcore, Misfit
PRIMARY PROBLEM SOLVED:
Helps its users in managing care, processing medical claims, controlling healthcare costs, and also provide transparency.
COMMENT
The company has built tools for solving the problem of tackling outdated, incomplete or incorrect data gathered from its partners (doctors and hospitals)

PEOPLE

FOUNDERS:
Joshua Kushner, Kevin Nazemi, Mario Schlosser
Board Members and Advisors:
Joel Cutler, Joe Lonsdale, Naveen Selvadurai, Jonathan Sills
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Alphabet, Founders Fund, CapitalG, Verily, 8VC, Fidelity Investments, General Catalyst Partners, Khosla Ventures, Thrive Capital, Lakestar, Ping An Ventures, Wellington Management, Goldman Sachs, Red Swan Ventures, BoxGroup, Breyer Capital, Glynn Capital, The Cambria Group, Nima Capital, Darwin Ventures, Brainchild, Lerer Hippeau Ventures, Western Technology Investment, Formation 8, Brian Singerman, Peter Thiel, Jim Breyer

TRACTION

VALUATION / MARKET CAP:
$3.2 Billions in 2018

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$1.3 Billions
DATE OF LAST FUNDING:
Aug 2018
TOTAL FUNDING COMMENT:
The company is planning to use the funds to expand beyond its individual healthcare exchanges and small employer market. (Aug. 2018)
FUNDING SERIES:
SERIES A
$70 Millions Closed: Jan 2014
SERIES B
$80 Millions Closed: May 2014
SERIES C
$177.5 Millions Closed: Sep 2015
SERIES D
$400 Millions Closed: Feb 2016
SERIES E
$540 Millions Closed: Aug 2018
LISTED:
NO

LATEST RESEARCH