MedCity News October 8, 2021
Though the Medicare Advantage-focused insurance technology startup is smaller than rivals like Clover Health in terms of membership and revenues, this latest financing round places it ahead of, or at least on par with, several larger competitors with regard to total funds raised.
Health insurance technology startup Devoted Health has raised a whopping $1.15 billion in a Series D funding round. After the round closed, the company’s valuation reached $12.6 billion, a person with knowledge of the deal told MedCity News.
Waltham, Massachusetts-based Devoted Health will close on $80 million in additional funding at a later date to accommodate a current investor, which will bring the total amount of Series D funds raised to $1.23 billion. This will raise the...
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