Devoted Health Raises $2.3B in Growth
Devoted Health has successfully raised $2.3B in a Growth at a $12B valuation led by Andreessen Horowitz, Uprising, Premji Invest.
Company Overview
Devoted Health is a HealthTech company headquartered in Waltham, MA, founded in 2017 with 3000+ employees.
Medicare Advantage insurance and care platform
Fundraising Details
- Amount Raised: $2.3B
- Round Type: Growth
- Valuation: $12B
- Date: 2024-08-12
- Investors: Andreessen Horowitz, Uprising, Premji Invest
About Devoted Health
Medicare Advantage insurance and care platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Waltham, MA
- Founded: 2017
- Team Size: 3000+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Devoted 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. Devoted Health's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $12B valuation marks an important milestone for Devoted Health, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Devoted 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.
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This fundraising news was reported on 2024-08-12. For more information about Devoted Health, visit their headquarters at Waltham, MA.
