Bright Health Raises $500M in Series E

Bright Health has successfully raised $500M in a Series E at a $16.5B valuation led by Fidelity, NEA.

Company Overview

Bright Health is a HealthTech company headquartered in Minneapolis, MN, founded in 2015 with 3000+ employees.

Health insurance and care delivery

Fundraising Details

• Amount Raised: $500M
• Round Type: Series E
• Valuation: $16.5B
• Date: 2020-06-17
• Investors: Fidelity, NEA

About Bright Health

Health insurance and care delivery The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Minneapolis, MN
• Founded: 2015
• Team Size: 3000+
• Industry: HealthTech

What This Means

This funding round demonstrates strong investor confidence in Bright 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. Bright Health's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $16.5B valuation marks an important milestone for Bright Health, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Bright 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 2020-06-17. For more information about Bright Health, visit their headquarters at Minneapolis, MN.