Clover Health raises $160M

What does Clover Health do?

Clover Health, is a health insurance company. This unique health insurance company is focused on reducing down costs and producing improved health outcomes. The company uses sophisticated analytics and custom software for directing their own clinical staff for proactively fill in gaps and in the care of its members. The company has a proven model that it is scaling out. The company is focusing on low income and elderly patients who stand to benefit from this company’s model the most. This places the company in a position to make a major dent in the healthcare expense in the country and reverse its spending trend since long time.

How much Clover Health was funded?

The company raised $160M in Series C on May 20, 2016 from Spark Capital, Nexus Venture Partners, Refactor Capital, AME Cloud Ventures,  FLOODGATE,Casdin Capital, Social Capital,  Wildcat Venture Partners,  Sequoia Capital,  Arena Ventures, First Round and Greenoaks Capital.

Previous funding

• Undisclosed amount in undisclosed round on July 23, 2014 from Grape Arbor VC
• $100M in undisclosed on September 18, 2015 from First Round, LP and Athyrium Capital Management.
• $35M in Series B on December 16, 2015 from Sequoia Capital, Athyrium Capital Management, First Round and LP

What is next for Clover Health?

Clover Health plans to use the latest funding for continuing scaling its tech and data science platform and to expand into new markets.

More about Clover Health

Clover Health was founded in August, 2014 by Kris Gale and Vivek Garipalli. It has its headquarters in San Francisco, California. This is a software driven health insurance Company which leveraged data analytics and technology for partnering with providers for filling the gaps in care and helping in driving clinical operations workflow. The company combines data driven approach to improve health outcomes and a genuine desire to delight its customers.