Fundz

Covered Holdings Announces Follow-On Investments By Fortress And Westlake

PRIVATEMay 25, 2022

Round Type

Venture

DallasInformation TechnologyFinancial ServicesHealth Care

Description

Covered Holdings, a buy now, pay later financing platform for people typically declined traditional credit, announced today that it closed follow-on investments from affiliates of Fortress Investment Group LLC and Westlake Financial. The new $8mm combined investment is on top of $200 million in existing lending facilities from the two firms.

Quick answer

Covered Care raised an undisclosed amount in a funding round, dated May 25, 2022. Covered Care is based in Dallas, Georgia, United States.

How much did Covered Care raise?
Covered Care raised an undisclosed amount in a funding round on May 25, 2022.
What does Covered Care do?
Covered Care is a buy now, pay later financing solution for growing healthcare practices.
Where is Covered Care based and how big is it?
Covered Care is based in Dallas, Georgia, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Health Care around the same time

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

  • Health raised an undisclosed amount (Funding Round) on June 23, 2022.
  • My Ome raised $23M (Series B) on June 21, 2022.
  • Titan Casket raised $3.5M (Seed) on June 9, 2022.
  • Ltc Properties raised $75M (Debt Financing) on May 18, 2022.
  • Wesper raised $9.6M on May 12, 2022.
  • Sun Life Financial raised $2M (Seed) on April 18, 2022.

Who to call at Covered Care, and when

A new round usually means Covered Care is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Covered Care raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Covered Care, from your own LinkedIn network

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Company Information

Company

Covered Care

Location

Dallas, Georgia, United States

About

Covered Care is a buy now, pay later financing solution for growing healthcare practices. Our mission is to help healthcare providers care for more patients which means we provide the highest approval rates in the industry (up to 100%), affordable terms (as low as 0% APR for all credit tiers), and flexible pricing and integration options. For more information, visit CoveredCare.com.

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Covered Care raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, 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.