Clover Health Lands $160,000,000 New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=beef504e-67bd-4ade-875f-9de1a4a43a88 - 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
