Devoted Health, Inc. Asset Profile

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Year established

2017

Location

Waltham MA US

Primary Industry

Insurance

About

Based in Massachusetts, US, and founded in 2017 by co-founders Ed Park (CEO) and Todd Park, Devoted Health, Inc. operates as a provider of Medicare Advantage plans to improve the health and well-being of senior citizens. In September 2021, Devoted Health, Inc. raised USD 1.23 billion in Series D funding co-led by investor SB Investment Advisers and returning investor Uprising, with participation from other returning investors Andreessen Horowitz, Frist Cressey Ventures, GIC, Maverick Ventures, Green Sands Equity, ARTFO Holdings, and NextView Ventures. Investors Base10 Partners, Emerson Collective, General Catalyst Partners, Old Well Partners, Rogue Insight Capital, Seek Ventures, Rock Creek Group, Whistler Capital Partners, and Iconiq Capital, and other investors also participated in the round. In December 2023, Devoted Health, Inc. raised USD 175 million in Series E funding co-led by The Space Between, Highbury Group, Stardust Equity, Fearless Ventures, and GIC and Maverick Ventures, with participation from Socium Ventures, The Private Shares Fund, GreatPoint Ventures, Emerson Collective, Andreessen Horowitz, F-Prime Capital, and General Catalyst Partners. The company provides a wide range of healthcare services, such as Medicare Advantage plans, dental coverage, vision exams, prescription drugs, and fitness benefits. Moreover, the firm offers various benefits, including full-service Member Service Guides and access to local providers. Additionally, the company offers specialized in-house medical services, including virtual and in-home care, care coordination, and collaboration with primary care providers.

Current Investors

Venrock, F-Prime Capital, Andreessen Horowitz

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Primary Industry

Insurance

Sub Industries

Insurance Intermediaries, Health Insurance

Website

www.devoted.com/

Verticals

InsureTech

Company Stage

Series E

Total Amount Raised

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