With $300M in new funding, Devoted Health launches its Medicare Advantage plan in Florida

Funding Rounds

▤ Summary

Devoted Health has raised $300 million in Series B funding and is using the capital to expand its Medicare Advantage offering in Florida. The company is enrolling seniors in eight Florida counties and plans to start providing care on January 1, 2019. Devoted combines a physician network with a tech-enabled healthcare platform focused on Medicare beneficiaries. The company also signals a broader national expansion strategy for its insurance plans.

$ Funding

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Amount $300.0M Total raised
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Date October 16, 2018 Announcement date
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Investors Maverick Ventures, Venrock, Oak HC/FT, Andreessen Horowitz Lead investors
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Company devoted.com Funded company

▥ Classifications

industries
HealthTech
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Healthcare IT EHR Software Practice Management Software

▦ Linked Companies