MedCity News January 29, 2019
The new funding, led by by existing investor Greenoaks Capital, is simply the latest in a number of monster investments in insuretech companies looking to broach Medicare Advantage
Investors are hungry to support startups looking to challenge incumbent health plans in the red-hot Medicare Advantage space
The latest example is San Francisco-based company Clover Health raising another $500 million led by existing investor Greenoaks Capital, even after a series of missteps a few years back that culminated in co-founder and former CTO Kris Gale stepping down from his role.
The new funding amount was initially reported by TechCrunch and independently verified by MedCity News.
As part of the financing, Clover Health CTO Andrew Toy has been promoted...
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