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Healthcare.Com® Extends Previously Announced $180M Financing With Additional $31.5M Investment From Hildred Capital

Feb 08, 2022•over 3 years ago

Amount Raised

$180 Million

Description

HealthCare.com, a leading data-driven insurtech platform, announced today the extension of its recent Series C equity round, which was led by Oaktree Capital Management, L.P. (“Oaktree”) as well as existing investors AXIS Capital, Second Alpha and Link Ventures. The additional $31.5M in Series C equity financing came from healthcare-focused private equity firm Hildred Capital Management (“Hildred”), bringing the total funding round to $211.5M.

Company Information

Company

Health Care.Com

About

Focusing on doing better for consumers, the data-driven platform includes easy-to-use multi-product purchase options in one single transaction, as a result, the company is growing rapidly. In the last year the company has helped millions of people connect to a healthcare product and consistent improvements in consumer experience have resulted in direct-to-consumer enrollments up 97% in 2021. The company plans to accelerate its investment in data science, product development, and engineering and will also hire for several key roles as it works to close the gap between healthcare consumers’ needs and their access to the best options. HealthCare.com also develops and markets a portfolio of proprietary, direct-to-consumer insurance and pharmacy plan products. HealthCare.com is a digital healthcare platform connecting consumers, service providers and payors with the goal of bringing simplicity and transparency to an industry famous for its complexity and opacity.

Funding Insights

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