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Belong Health Closes $40 Million Series A Led By Nea To Accelerate New Partnership Development With Local And Regional Health Plans And Hospital Systems

PRIVATEDec 15, 2021

Amount Raised

$40 Million

Round Type

Series A

PhiladelphiaFinancial ServicesCommunity And LifestyleHealth Care

Description

Belong Health, the first company dedicated to partnering with local and regional health plans and hospital systems to support the delivery of Medicare Advantage and Special Needs Plan products, today announced it has raised $40 Million in Series A funding led by New Enterprise Associates (NEA) with continued participation from seed investor, Maverick Ventures. Mohamad Makhzoumi, Managing General Partner, Healthcare at NEA, will join Belong Health's board of directors in conjunction with the financing.

Who else raised in Financial Services and Community And Lifestyle around the same time

Companies in the same sectors as Belong Health that raised within 45 days of this round, from Fundz verified event records.

  • PetDx, Inc. raised $62M (Series B) on December 9, 2021.
  • Fwd Group raised $200M on January 19, 2022.
  • Wellster Healthtech Group raised an undisclosed amount (Series B) on January 18, 2022.
  • Otis Ai raised $2.5M (Seed) on January 18, 2022.
  • Vangst raised $19M (Series B) on January 13, 2022.
  • RYTHM, Inc. raised $2.2M (Seed) on January 10, 2022.

Who to call at Belong Health, and when

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Company Information

Company

Belong Health

Location

Philadelphia, Pennsylvania, United States

About

Belong Health delivers a more compassionate, straightforward insurance experience for Medicare-eligible members by partnering with regional health plans to help them launch or grow market-leading Medicare Advantage and Special Needs Plans. High-quality health care should be accessible to all, and local, regional health plans are best positioned to serve their communities as their trusted health insurance partners. www.belong-health.com.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Belong Health raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.