Chapter Announces $17 Million Series A Round, Led By Narya Capital And Peter Thiel With Participation From Existing Investors Maverick Ventures, Susa Ventures, And Xyz Venture Capital

Sep 21, 2021•almost 4 years ago

Amount Raised

$17 Million

Round Type

series a

Description

Chapter, the leading technology-driven Medicare Advisor that aligns incentives in Medicare plan selection and guides beneficiaries through the Medicare enrollment and renewal process, announced today that it has raised a $17 million Series A financing round. The investment was led by Narya Capital with participation from Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Health2047 Capital Partners. Peter Thiel has also joined the company’s board of directors.

Company Information

Company

Chapter

About

Chapter is a Medicare Advisor with a simple commitment: it’s impossible to find a better Medicare recommendation or better support anywhere else. Chapter’s team and technology search every Medicare option nationwide -- more than 24,000 -- at an unprecedented level of detail. Chapter’s licensed advisors provide personalized, end-to-end guidance to Americans navigating Medicare. The advisory team earns identical compensation irrespective of the selected plan or carrier, ensuring that each Chapter member receives recommendations tailored solely for their needs. Additionally, Chapter’s tools support older Americans in deciding when and how to sign up for Medicare and whether they can improve existing coverage to get better benefits for less. Chapter also hosts hundreds of educational events every year and partners with employers, benefits professionals, non-profits, religious institutions, financial advisors, and community leaders.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech