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Collective Health Secures $280 Million To Accelerate The Digital Transformation Of Healthcare

May 04, 2021•about 4 years ago

Amount Raised

$280 Million

San Francisco

Description

Health technology company Collective Health today announced it secured $280 million in funding in a Series F round. The investment will be used to scale Collective Health’s seamless healthcare experience, empowering more people to live healthier lives through intuitive technology and personalized guidance. Health Care Service Corporation (HCSC), the largest customer-owned health insurer in the U.S., which operates in five states, led the round. Additional backing was provided by new and existing investors, including DFJ Growth, Founders Fund, G Squared, Maverick Ventures, NEA, PFM Health Sciences, SoftBank Vision Fund 1, Sun Life, and others.

Company Information

Company

Collective Health

Location

San Francisco, California, United States

About

Founded in 2013, Collective Health has created an ecosystem of innovative partners across care and benefits delivery, as well as built a powerful and flexible infrastructure to better enable employees and their families to understand, navigate, and pay for healthcare. By reducing the administrative lift of delivering health benefits, providing an intuitive member experience, and improving health outcomes, the company guides employees toward healthier lives and companies toward healthier bottom lines. Collective Health is headquartered in San Francisco, CA with locations in Chicago, IL, and Lehi, UT. For more information, please visit collectivehealth.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech