Clover Health Raises $200M in Series Unknown

Clover Health has successfully raised $200M in a Series Unknown at a $3.7B valuation led by Sequoia Capital, First Round Capital, GV, Greenoaks Capital, Chamath Palihapitiya.

Company Overview

Clover Health is a HealthTech company headquartered in 725 Cool Springs Boulevard, Franklin, TN 37067, founded in 2012 with 1400+ employees.

Medicare Advantage insurance

Fundraising Details

• Amount Raised: $200M
• Round Type: Series Unknown
• Valuation: $3.7B
• Date: 2024-05-14
• Investors: Sequoia Capital, First Round Capital, GV, Greenoaks Capital, Chamath Palihapitiya

About Clover Health

Medicare Advantage insurance The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 725 Cool Springs Boulevard, Franklin, TN 37067
• Founded: 2012
• Team Size: 1400+
• 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 2024-05-14. For more information about Clover Health, visit their headquarters at 725 Cool Springs Boulevard, Franklin, TN 37067.