Clover Health Lands $160,000,000 New Financing

  • Feed Type
  • Date
    5/20/2016
  • Company Name
    Clover Health
  • Mailing Address
    22 Fourth St. 6th Floor San Francisco, CA 94103 USA
  • Company Description
    Clover Health is driving down costs and producing improved health outcomes with a unique health insurance plan. We use sophisticated analytics and custom software to direct our own clinical staff to proactively fill in gaps in the care of our members. We have a proven model we’re scaling out. We’re focusing on elderly and low-income patients that stand to benefit from our model the most. This puts us in a position to make a major dent in healthcare expense in the United States and reverse an unsustainable, decades-long spending trend.
  • Website
    http://www.cloverhealth.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $160,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company will use the cash to continue improving its technology and expand to new markets, it said in a statement Friday.
  • M&A Terms
  • Venture Investor
    Greenoaks Global
  • Venture Investor
    Sequoia Capital
  • Venture Investor
    First Round Capital

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