Datapoint: Devoted Health Raises $175M in Latest Funding Round

Startup insurer Devoted Health, which offers Medicare Advantage plans and has a virtual-first and in-home medical group, raised $175 million in a Series E funding round. A syndicate of The Space Between, Highbury Holdings, GIC, Stardust Equity, Maverick Ventures and Fearless Ventures led the round, according to a Dec. 29 press release. Modern Healthcare reported the latest round values Devoted Health at $12.9 billion, up from a valuation of $12.7 billion when the company raised $1.15 billion in a Series D round. The insurtech currently serves 140,797 members in 13 states.

Source: AIS’s Directory of Health Plans

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