What You Should Know: - Bright HealthCare (“Bright Health”), a tech-enabled health insurance carrier, announced a new partnership with MedArrive, a healthcare platform that enables payers and providers to extend medical services into the home. Through the program, which recently kicked off in Charlotte, North Carolina, Bright Health is tapping MedArrive’s network of highly skilled EMS professionals within the community to conduct in-home preventive health visits coupled with physician-led
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Bright Health Lands $635M to Expand Medicare Advantage Plans to More Markets
- Bright Health, a diversified consumer-focused healthcare company announced it has raised $635M in Series D funding led by NEA. - The funding will be used to support Bright Health's aggressive growth and hiring as the company continues to strategically expand across products, geographies and consumer bases.- With this round, Bright Health has raised over a billion dollars in equity financing since early 2016, reaching "unicorn status" with a valuation of over $1B. Bright Health, a diversified
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CB Insights Unveils ‘Digital Health 150’ List of Startups Transforming Healthcare
- CB Insights unveils first-ever annual ‘Digital Health 150’ list of digital health startups working to transform the healthcare industry. - The Digital Health 150 companies span a wide spectrum of categories that involve all three key stakeholder groups for the healthcare industry — providers, payers, and patients. - A total of 17 companies on the list are unicorns (private companies valued at $1B+). Of these, 12 companies are US-based, 3 are based in China, 1 is based in France, and 1
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Health Tech VC Firm Flare Capital Partners Closes $255M Fund
Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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Bright Health Raises $200M to Expand Care Partner Health Plan Model
Bright Health, a provider of exclusive Care Partner Health Plans for everyday individuals at competitive prices has raised $200M in Series C funding. Investors in the Series C round includes two new investors, Declaration Partners and Meritech Capital, as well as existing investors Bessemer Venture Partners, Cross Creek Advisors, Flare Capital, Greenspring Associates, Greycroft Partners, New Enterprise Associates (NEA), Redpoint Ventures, and Town Hall Ventures. The insurance tech startup plans
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Bright Health Nabs $80M for Tech-Enabled Consumer Insurance Plans
Bright Health, a new health insurance startup co-founded by industry veterans, including former CEO of UnitedHealthcare has raised $80 million in Series A funding led by Bessemer Venture Partners and New Enterprise Associates (NEA), with participation by Flare Capital Partners and others. The startup will utilize the funding to expand its nationwide rollout to the individual health insurance marketplace. The startup is led by Bob Sheehy, former CEO of UnitedHealthcare; Kyle Rolfing, co-founder
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