Clover Health Obtains $35,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e88674b2-2623-4bb2-93b1-646c897c5df4
Date
12/16/2015
Company Name
Clover Health
Mailing Address
22 Fourth St. 6th Floor San Francisco, CA 94103 USA
Company Description
It all starts with our insurance model. We align with physicians by reducing friction and increasing transparency, leading to improved patient care. Our physicians are able to focus on people, not paperwork.
Website
http://www.cloverhealth.com
Transaction Type
Venture Equity
Transaction Amount
$35,000,000
Transaction Round
Series B
Proceeds Purposes
The company plans to use the additional financing to rapidly scale its engineering, data science and care management teams to drive growth and innovation as well as expand Clover Health to new markets.
M&A Terms
Venture Investor
Sequoia Capital
Venture Investor
First Round Capital
Venture Investor
Athyrium Opportunities Fund