COMPANY INFO
Devoted Health, officially known as Devoted Health, Inc., was founded in 2017 by brothers Todd and Ed Park. The company has approximately 1800 employees and operates in the Hospitals and Health Care industry, with its headquarters in Waltham, Massachusetts. Its website is devoted.com. Devoted Health provides comprehensive Medicare Advantage plans and personalized healthcare services designed to improve the health and well-being of older Americans through a combination of local provider partnerships, in-house clinicians, and proprietary technology to deliver coordinated, proactive care.
Devoted Health, Inc. is a leading company in the Hospitals and Health Care industry, founded in 2017 by brothers Todd and Ed Park. Headquartered in Waltham, Massachusetts, Devoted Health offers comprehensive Medicare Advantage plans and personalized healthcare services engineered to improve the health and well-being of older Americans. Leveraging partnerships with local providers, a dedicated team of in-house clinicians, and proprietary technology, Devoted Health strives to deliver proactive, coordinated care for its members.
Devoted Health, Inc. funding history reflects a strategic approach designed to fuel ongoing expansion and innovation within the Medicare Advantage and healthcare technology space. The company has raised approximately $2.26 billion over seven funding rounds. Notable milestones include a record-setting Series D round and continued support from a diverse array of top-tier investors across venture capital and institutional domains. Devoted Health’s funding strategy has enabled rapid scaling of operations, the extension of its service footprint, and further technical and clinical advancements in its offerings.
This additional Series E funding round supports Devoted Health’s continued growth and expansion into new markets, helping deliver more comprehensive services to Medicare Advantage beneficiaries.
This Series E funding was directed towards supporting growth initiatives and the expansion of integrated healthcare and service offerings for seniors.
This landmark Series D round was dedicated to major national expansion, investment in technology, and valuation growth, with a post-money valuation of $12.6 billion.
The Series C funding was used to scale operations, grow the member base, and enhance technology platforms.
The Series B round enabled Devoted Health to expand into new states and markets and focus on infrastructure and operational growth.
Funds from the Series A round were allocated to product development and supporting early-stage growth.
Seed funding was used for the initial company launch, including product validation and building core teams.
Obvious Ventures is an early-stage venture capital firm known for investing in companies with strong social impact missions. At Devoted Health, Obvious Ventures has provided instrumental funding across multiple rounds.
F-Prime Capital is a global venture capital firm with deep expertise in healthcare and technology. Their role as a recurrent investor has supported Devoted Health's mission since the Series A round.
Maverick Ventures, an established VC, offers strategic funding and insight, participating in several Devoted Health funding rounds to aid its growth and scale.
Cox Enterprises led the most recent Series E round, providing significant growth capital and supporting Devoted Health’s latest expansion phase.
White Road Investments joined as a lead investor in the latest Series E, supporting operational and market extension efforts.
GIC is the sovereign wealth fund of Singapore, investing in Devoted Health to foster its transformation of the U.S. health insurance and care delivery market.
These venture firms participated in the 2023 Series E round, providing capital to accelerate service and footprint expansion.
Emerson Collective is a social change organization investing in innovative healthcare models. Their investment supports Devoted Health’s mission-driven growth.
This fund participated in the 2023 Series E round, contributing to Devoted Health's long-term capital base.
Andreessen Horowitz (a16z) is a global giant in venture capital, backing Devoted Health since the Series B and supporting major scaling efforts.
General Catalyst is a leading VC firm participating in Devoted Health’s Series E round, offering critical strategic support.
These firms have contributed funding and strategic advisory across various rounds, enabling Devoted Health’s mission-driven trajectory and market expansion.
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