CollectiveHealth joined the Unicorn Club on May 04, 2021. Headquartered in San Francisco, California, United States, the company provides a cloud-based self-insurance platform that enables employers to sponsor and manage employee health benefits. The platform integrates medical, pharmacy, dental, and vision networks, offering real-time data, actionable insights, and seamless connection with existing HR and finance systems.
Keep reading to learn how CollectiveHealth scaled into a $1.5B unicorn, transforming employer-sponsored healthcare.
What Is CollectiveHealth and What Does It Do?
Founded in 2013, Collective Health provides a cloud-native platform that enables employers to design, manage, and optimize their workforce's health benefits. The platform provides comprehensive coverage management, cost transparency, analytics, and streamlined administration of health plans. Its mission is to simplify healthcare for employers and employees, enhancing the overall experience while improving operational efficiency.
How Much Funding Has CollectiveHealth Raised?
- Series F Round
- Amount Raised: $280 million
- Date: May 04, 2021
- Purpose: Expand platform capabilities, scale operations, and enhance healthcare data analytics for employers.
Total Funding Raised: $714 million
Latest Funding Date: May 04, 2021
Latest Known Valuation: $1.5 billion
Employee Count: 483 (as of Dec 31, 2022)
Key Investors
- G Squared
- Details: Growth-focused venture capital firm investing in enterprise and consumer technology companies.
- Focus Areas: HRTech, enterprise SaaS, and digital platforms.
- DFJ Growth
- Details: Venture capital firm focused on high-growth technology companies.
- Focus Areas: Cloud-based solutions, digital health, and enterprise software.
Where Is CollectiveHealth’s Headquarters?
CollectiveHealth is headquartered in San Francisco, California, United States, where it develops and manages its cloud-based platform for employer health benefits, integrating insurance networks, analytics, and administrative tools.
What’s Next for CollectiveHealth?
The company aims to expand its platform, deepen integrations with healthcare providers, and enhance its analytics capabilities to deliver more personalized and cost-effective health benefits. CollectiveHealth continues to focus on simplifying employee healthcare management while improving outcomes and user experience.
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