What You Should Know:
– Devoted Health, a leading provider of all-in-one healthcare for Medicare beneficiaries, has secured $175M in Series E funding, demonstrating continued investor confidence in its mission to revolutionize senior care.
– The round was led by a lead syndicate composed of The Space Between (TSB), Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, and Fearless Ventures. Also participating in the funding round were Socium Ventures, Emerson Collective, Andreessen Horowitz, The Private Shares Fund and affiliated funds, F-Prime Capital Partners, General Catalyst, and GreatPoint Ventures.
A Model Built on Compassion and Technology
Founded in 2017 by the Park brothers, Devoted Health goes beyond traditional insurance, offering:
– Best-in-class Medicare Advantage plans: Providing comprehensive coverage to navigate the complexities of healthcare.
– Devoted Medical: A virtual-first and in-home medical group designed specifically for the needs of Medicare beneficiaries.
– Full-service Guides: Dedicated individuals who support every step of the healthcare journey.
– Orinoco: Their proprietary technology platform seamlessly integrates all aspects of care, ensuring right care, right place, right time.
– Family-centered culture: Every member is treated with the same care and attention as if they were family.
A Bright Future for Medicare Care:
With this new funding, Devoted Health plans to reach even more Americans, bringing their unique model of compassionate care and tech-driven efficiency to a healthcare system often characterized by inaccessibility and complexity. Devoted Health’s success not only benefits their members but also sets a valuable standard for the future of Medicare care.
“In a healthcare system that isn’t always accessible or easy to navigate, we at Devoted Health are profoundly honored to provide each member with the same quality of care and service we’d want for our own families,” said Ed Park, co-founder and CEO of Devoted Health. “It’s deeply gratifying to have so many others believe in the promise of our model, and we’re very excited to bring the love and world-class care that is Devoted to more and more Americans.”