{"id":5965,"date":"2019-02-08T16:41:43","date_gmt":"2019-02-08T16:41:43","guid":{"rendered":"https:\/\/fintech.global\/digitalinsurtechforum\/?p=5965"},"modified":"2019-02-08T16:41:43","modified_gmt":"2019-02-08T16:41:43","slug":"clover-health-bags-500m-in-latest-funding-round","status":"publish","type":"post","link":"https:\/\/fintech.global\/digitalinsurtechforum\/clover-health-bags-500m-in-latest-funding-round\/","title":{"rendered":"Clover Health bags $500m in latest funding round"},"content":{"rendered":"<p><strong>InsurTech\u00a0Clover Health has reportedly raised $500m in a funding round led by existing backer Greenoaks Capital.<\/strong><\/p>\n<p>The round which is set to close in the coming weeks will bring Clover\u2019s total amount raised to $925m, according to a TechCruch report.<\/p>\n<p>The company raised\u00a0$130m in a Series D\u00a0round in 2017, giving the provider of\u00a0Medicare Advantage plans a\u00a0$1.2bn valuation.<\/p>\n<p>Greenoaks Capital also led a $160m Series C round for Clover Health in mid-2016, with Sequioia Capital co-investing.<\/p>\n<p>Other investors include\u00a0Alphabet\u2019s venture arm GV, Floodgate, Bracket Capital and First Round Capital.<\/p>\n<p>The\u00a0San Francisco-headquartered\u00a0insurer collects, structures and analyzes health and behavioral data to improve medical outcomes for its users.<\/p>\n<p>Clover insurance plans\u00a0feature low premiums, low co-pays, and low prescription drug costs,\u00a0as well as a cap on out-of-pocket expenses.<\/p>\n<p>Insurance-based\u00a0predictive analytics platform Aureus Analytics, raised $3.1m in funding earlier this week.<\/p>\n<p>UK-based InsurTech startup WhenFresh also\u00a0secured a \u00a33m Series A round from undisclosed investors.<\/p>\n<div class=\"td-post-content\">\n<div class=\"td-post-content\">\n<p>Copyright \u00a9 2019 FinTech Global<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>InsurTech\u00a0Clover Health has reportedly raised $500m in a funding round led by existing backer Greenoaks Capital. The round which is set to close in the coming weeks will bring Clover\u2019s total amount raised to $925m, according to a TechCruch report. The company raised\u00a0$130m in a Series D\u00a0round in 2017, giving the provider of\u00a0Medicare Advantage plans&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/digitalinsurtechforum\/clover-health-bags-500m-in-latest-funding-round\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":5967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts\/5965"}],"collection":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/comments?post=5965"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts\/5965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/media\/5967"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/media?parent=5965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/categories?post=5965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/tags?post=5965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}