Sidecar Health is reshaping how Americans access and pay for healthcare by offering transparent, technology-driven insurance plans for individuals and businesses. Its platform empowers users to compare medical costs upfront, pay providers directly, and manage claims instantly through a simple mobile interface. By integrating digital tools with flexible insurance models, Sidecar Health helps reduce administrative complexity and increase affordability addressing one of the U.S. healthcare system’s most pressing challenges.
What Is Sidecar Health and What Does It Do?
Sidecar Health, founded in 2018 by Patrick Quigley and Veronica Osetinsky, is an El Segundo-based (United States) online health insurance platform.
The company provides individual and group health plans covering doctor consultations, treatments, and medical billing, along with tools for managing claims and coverage.
Sidecar Health employs between 201 and 500 professionals as of July 2025. Its platform offers members complete pricing transparency, empowering them to make informed care decisions while streamlining reimbursements and expanding access to affordable, personalized health coverage.
How Much Funding Has Sidecar Health Raised?
- Series D
• Amount Raised: $165 million
• Date: June 2024
• Lead Investors: Koch Disruptive Technologies, GreatPoint Ventures, Bond Capital, Cathay Innovation, Drive Capital, Duke University, Menlo Ventures, Morpheus Ventures
• Motivation: To expand nationwide coverage, enhance claims automation, and strengthen employer-based offerings. - Series C
• Amount Raised: $125 million
• Date: January 2021
• Lead Investors: Drive Capital, Bond Capital, Tiger Global Management, Menlo Ventures, Cathay Innovation, GreatPoint Ventures
• Motivation: To scale operations, improve pricing transparency tools, and fuel product innovation across U.S. markets. - Series B
• Amount Raised: $20 million
• Date: July 2020
• Lead Investors: Cathay Innovation, Comcast Ventures, Kauffman Fellows, GreatPoint Ventures, Morpheus Ventures, Anne Wojcicki
• Motivation: To build technology infrastructure and expand member enrollment.
Total Funding Raised: $328 Million
Current Valuation: $1 Billion (as of January 2021)
Latest Funding Date: June 2024
Key Investors
- Bond Capital
• Details: A growth-stage investment firm founded by Mary Meeker, focusing on high-impact technology companies.
• Investment Focus Areas: Fintech, digital health, and consumer platforms.
• Notable Investments: Stripe, Airbnb, and Canva. - Tiger Global Management
• Details: A global investment firm known for backing fast-scaling internet and tech ventures.
• Investment Focus Areas: Software, fintech, and digital consumer markets.
• Notable Investments: Flipkart, Peloton, and Databricks. - Drive Capital
• Details: U.S.-based venture firm investing in mission-driven technology companies across industries.
• Investment Focus Areas: Healthtech, fintech, and logistics.
• Notable Investments: Duolingo, Root Insurance, and Greenlight. - GreatPoint Ventures
• Details: A venture firm focused on emerging innovations in healthcare, sustainability, and enterprise tech.
• Investment Focus Areas: Digital health, clean energy, and advanced manufacturing.
• Notable Investments: Beyond Meat, Lyra Health, and Sidecar Health.
Where Is Sidecar Health’s Headquarters?
Sidecar Health is headquartered in El Segundo, California, strategically located within Los Angeles County’s growing tech and healthcare corridor. This location enables access to top healthtech talent, venture networks, and leading U.S. healthcare institutions fueling its growth as a disruptive insurance innovator.
What’s Next for Sidecar Health?
Sidecar Health aims to expand its direct-to-consumer and employer-based insurance offerings while deepening partnerships with healthcare providers. The company plans to leverage AI-driven claims processing and enhanced real-time medical pricing data to improve affordability and transparency. With growing investor confidence and a strong Series D war chest, Sidecar Health is positioning itself as a national leader redefining how Americans buy and use health insurance.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Sidecar Health. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.
