Healthcare.Com® Raises $180 Million In Oversubscribed Financing Round Led By Oaktree

Dec 13, 2021•over 3 years ago

Amount Raised

$180 Million

Description

HealthCare.com, a leading data-driven insurtech platform, announced today the closing of $130 million in Senior Non-Convertible Preferred and more than $50 million of Series C Preferred equity in an oversubscribed round led by funds managed by Oaktree Capital Management, L.P. (“Oaktree”). Existing investors Axis Capital, Second Alpha and Link Ventures participated in the financing, as did founders. With this new funding round, the HealthCare.com team is committed to changing the U.S

Company Information

Company

Health Care.Com

About

Focusing on doing better for consumers, the data-driven platform includes easy-to-use multi-product purchase options in one single transaction, as a result, the company is growing rapidly. In the last year the company has helped millions of people connect to a healthcare product and consistent improvements in consumer experience have resulted in direct-to-consumer enrollments up 97% in 2021. The company plans to accelerate its investment in data science, product development, and engineering and will also hire for several key roles as it works to close the gap between healthcare consumers’ needs and their access to the best options. HealthCare.com also develops and markets a portfolio of proprietary, direct-to-consumer insurance and pharmacy plan products. HealthCare.com is a digital healthcare platform connecting consumers, service providers and payors with the goal of bringing simplicity and transparency to an industry famous for its complexity and opacity.

Funding Insights

Based on industry data

Tech investment trends

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