Fierce Healthcare December 29, 2023
Tech-enabled Medicare Advantage startup Devoted Health is closing out 2023 with $175 million in fresh funding, marking one of the largest funding rounds of the year.
The series E round was led by a lead syndicate composed of The Space Between (TSB), Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, and Fearless Ventures, according to a company press release. Returning investors Andreessen Horowitz and General Catalyst backed the round along with other investors including GreatPoint Ventures, Socium Ventures, Emerson Collective, The Private Shares Fund and affiliated funds and F-Prime Capital Partners.
Devoted Health banked a $1.15 billion series D funding round two years ago in October 2021. It did not disclose its current valuation.
The company, which was founded in 2017...
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