Forbes December 17, 2019
Health insurer Bright Health said it has closed on a $635 million round of financing amid a major expansion of health plan products including Medicare Advantage to several new markets for 2020.
The latest funding round was led by NEA and included investments from Bessemer Venture Partners, Cross Creek Advisors, Declaration Partners, Flare Capital Partners, Greenspring Associates, Meritech Capital, Redpoint Ventures and Town Hall Ventures. This brings to more than $1 billion the amount of money raised by Bright Health since early 2016, the company said Tuesday.
“Over the past four years, we have seen exceptional interest in our approach to transforming healthcare, which is reflected in our investors’ continued capital support, membership growth and geographic expansion year-over-year,” Bright Health...
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