Clever Care Health Plan Announces $20 Million Series A Funding Round Led by Norwest Venture Partners and Global Founders Capital

Clever Care Health Plan Inc., a company dedicated to delivering affordable and innovative Medicare Advantage health plans, today announced it has raised $20 million in Series A financing led by Norwest Venture Partners (Norwest) with participation from Global Founders Capital (GFC). This round follows a $6 million seed investment from Norwest and GFC, bringing total funding to $26 million to date. Norwest and GFC were attracted to Clever Care in part because of the vast managed care experience of the three founders and their experience with launching and managing new health plans. The financing will be used to set up a California Medicare Advantage health plan and hire staff for its two offices in Little Saigon in Orange County and Arcadia in Los Angeles County.