Clover Health, a data-driven focused insurance service provider has raised $160 million in new funding led by Greenoaks Capital with existing investors Arena Ventures, First Round Capital, Sequoia Capital, Social Capital and Wildcat Ventures. The latest round also included new investors AME Cloud Ventures, Casdin Capital, Floodgate, Nexus Ventures, Refactor Capital, and Spark Capital. This brings Clover Health’s total funding to $285M.
Founded in 2012 and based in San Francisco, Clover Health’s insurance model uses patient-centered analytics and a dedicated care management to identify potential risks and directly provide preventive care for its Medicare Advantage members. The company’s insurance is currently available in certain counties in New Jersey including Jersey City.