MarketWatch June 17, 2019
Sarah Toy

The round was led by SoftBank’s Vision Fund

Collective Health, a San Francisco, Calif.-based health-care technology startup that seeks to simplify employer-sponsored health insurance, has raised $205 million in its latest funding round, the company said.

Collective’s fifth round was led by SoftBank’s Vision Fund, according to Rajaie Batniji, the company’s chief health officer and one of its co-founders.

Other backers included DFJ Growth and PSP Investments, and existing Collective investors including GV, Founders Fund, Maverick Ventures, NEA and Sun Life. The company declined to disclose its current valuation, but said it has raised a total of $435 million to date.

Collective Health is working to untangle how health-benefit plans work for employers and the people they cover in one,...

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Topics: AI (Artificial Intelligence), Employer, Insurance, Investments, Payer, Self-insured, Technology, Trends
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