Tech Company Financing Transactions

Clover Health Funding Round

Sequoia Capital, Athyrium Opportunities Fund and First Round Capital participated in a $35 million Series B capital raise for Clover Health. The round was announced on 12/16/2015.

Transaction Overview

Company Name
Announced On
12/16/2015
Transaction Type
Venture Equity
Amount
$35,000,000
Round
Series B
Investors

Sequoia Capital (Lead Investor) (Michael Dixon)

Athyrium Opportunities Fund

First Round Capital (Josh Kopelman)

Proceeds Purpose
The company plans to use the additional financing to rapidly scale its engineering, data science and care management teams to drive growth and innovation as well as expand Clover Health to new markets.

Company Information

Company Status
Private & Independent
Industry
InsureTech
Mailing Address
22 4th St. 10th Floor
San Francisco, CA 94103
USA
Email Address
Overview
Clover Health is driving down costs and producing improved health outcomes with a unique health insurance plan. We use sophisticated analytics and custom software to direct our own clinical staff to proactively fill in gaps in the care of our members. We have a proven model we're scaling out.
Profile
Clover Health LinkedIn Company Profile
Social Media
Clover Health Company Twitter Account
Company News
Clover Health News
Facebook
Clover Health on Facebook
YouTube
Clover Health on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Vivek Garipalli
  Vivek Garipalli LinkedIn Profile  Vivek Garipalli Twitter Account  Vivek Garipalli News  Vivek Garipalli on Facebook
Chief Technical Officer
Kris Gale
  Kris Gale LinkedIn Profile  Kris Gale Twitter Account  Kris Gale News  Kris Gale on Facebook


 

 

Browse more venture capital transactions:

Prev: 12/16/2015: Stringify venture capital transaction
Next: 12/16/2015: Vayyar Imaging venture capital transaction

 

Share this article

 


About Database of VC Transactions

We do our best to record every notable VC transaction. VC transactions reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary