Clover Health Raises $500M in Series E
Clover Health has successfully raised $500M in a Series E at a $3.7B valuation led by Greenoaks Capital, DST Global.
Company Overview
Clover Health is a HealthTech company headquartered in Franklin, TN, founded in 2014 with 1000+ employees.
Medicare Advantage insurance platform
Fundraising Details
- Amount Raised: $500M
- Round Type: Series E
- Valuation: $3.7B
- Date: 2020-01-07
- Investors: Greenoaks Capital, DST Global
About Clover Health
Medicare Advantage insurance platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Franklin, TN
- Founded: 2014
- Team Size: 1000+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Clover Health's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Clover Health's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3.7B valuation marks an important milestone for Clover Health, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Clover Health is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2020-01-07. For more information about Clover Health, visit their headquarters at Franklin, TN.
