HealthCare.com joined the Unicorn Club on December 13, 2021, after raising a $50 million Series C funding round led by Oaktree Capital Management, valuing the company at $1 billion. Headquartered in Miami, United States, HealthCare.com is an online health insurance comparison and recommendation platform that utilizes AI and machine learning to help consumers make informed decisions about their healthcare coverage. The company has raised $211 million to date and employs 242 people (as of December 2022).
Keep reading to learn how HealthCare.com became a leading innovator in digital health insurance and consumer healthcare technology.
What Is HealthCare.com and What Does It Do?
Founded in 2006, HealthCare.com operates as a technology-driven health insurance marketplace that simplifies the process of discovering, comparing, and purchasing health coverage. The platform combines data analytics, artificial intelligence, and machine learning to deliver personalized recommendations based on individual needs, coverage preferences, and budget constraints.
HealthCare.com’s proprietary platform provides users with real-time comparisons of health insurance plans from private insurers and public exchanges. Its AI-driven recommendation engine curates customized options by analyzing factors such as demographics, medical needs, and policy costs. This approach empowers users to make more informed insurance decisions while saving time and reducing confusion in the complex healthcare ecosystem.
Beyond insurance comparison, HealthCare.com develops proprietary insurance products under its own brands, offering consumers more affordable and flexible coverage alternatives. The company’s multi-channel distribution model, spanning digital, partner, and agent-assisted sales, has positioned it as a trusted intermediary between healthcare consumers and insurance providers. With its focus on transparency, personalization, and digital accessibility, HealthCare.com continues to redefine the consumer experience in health insurance purchasing.
How Much Funding Has HealthCare.com Raised?
- Series C
- Amount Raised: $50M
- Date: December 13, 2021
- Lead Investor: Oaktree Capital Management
- Valuation: $1B
- Purpose: Accelerate product innovation, scale proprietary insurance offerings, and expand data-driven healthcare solutions.
- Extended Series C
- Amount Raised: $31.5M
- Date: February 8, 2022
- Investors: Second Alpha Partners, AXIS Capital, Hildred Capital
- Purpose: Fuel strategic acquisitions and strengthen AI and ML technology infrastructure.
- Series B
- Amount Raised: $65M
- Date: November 2019
- Lead Investors: Pivot Investment Partners, Second Alpha Partners
- Purpose: Enhance platform capabilities and grow HealthCare.com’s data analytics ecosystem.
- Earlier Rounds (Seed–A)
- Cumulative Funding: ~$64.5M
- Investors: Annox Capital, Link Ventures, PeopleFund
- Purpose: Develop the insurance comparison platform and expand its consumer outreach.
Total Funding Raised: $211M
Latest Funding Date: February 8, 2022
Latest Valuation: $1B
Employee Count: 242 (as of December 31, 2022)
Key Investors
- Oaktree Capital Management
- Details: Global investment management firm specializing in alternative and credit strategies.
- Focus Areas: Financial services, digital platforms, and insurance technology.
- Second Alpha Partners
- Details: Growth-stage investor supporting mature technology businesses with proven traction.
- Focus Areas: Fintech, insurtech, and AI-driven platforms.
- Annox Capital
- Details: Private investment firm focused on early-stage and growth companies in technology and healthcare.
- Focus Areas: Digital health, consumer technology, and insurance innovation.
- Pivot Investment Partners
- Details: Strategic investment firm focused on companies transforming financial services and insurance.
- Focus Areas: Data analytics, automation, and financial technology.
Where Is HealthCare.com’s Headquarters?
HealthCare.com is headquartered in Miami, Florida (United States), with additional offices in New York, Guatemala City, and Tegucigalpa. Its diverse team combines expertise in technology, data science, and insurance operations, supporting millions of consumers across the United States. By blending local market knowledge with global technical capabilities, HealthCare.com continues to strengthen its leadership in digital health insurance solutions.
What’s Next for HealthCare.com?
HealthCare.com is focusing on expanding its AI-driven insurance recommendation engine and enhancing its proprietary product portfolio to cover a broader range of healthcare needs, including supplemental and short-term coverage. The company aims to deepen its integration with insurers and improve predictive analytics to better anticipate consumer requirements.
Looking ahead, HealthCare.com plans to expand its Medicare Advantage offerings, invest in mobile-first experiences, and scale its data science teams to refine customer targeting and retention strategies. With a strong technology foundation and growing brand trust, HealthCare.com is positioned to lead the evolution of personalized, tech-enabled healthcare coverage.
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