Startup profile · funding coverage
Devoted Health funding, valuation and investors
Tech-enabled Medicare Advantage insurer integrating care navigation and clinical services.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series D
$1.15B · October 2021
Latest known valuation
$12.7B
Series D · October 2021
Total disclosed equity funding
$1.1B
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Waltham, Massachusetts
Investors in latest funding
Other: Andreessen Horowitz , General Catalyst , Base10 Partners
Overview
Devoted Health is a tech-enabled Medicare Advantage insurer that integrates care navigation, benefits design, and clinical services for seniors — aiming to improve outcomes while managing MA plan economics. Raised $1.2B+ across rounds including a $1.15B Series D in 2021 at $12.7B valuation with a16z, General Catalyst, and Base10 Partners participating.
Why Devoted Health is interesting
Full-stack MA insurer with tech ops — a16z and General Catalyst backed a $12.7B valuation play to rebuild Medicare Advantage from software up.
Product & use cases
Medicare Advantage health plan with integrated tech platform for care navigation, provider coordination, and member engagement.
- Medicare Advantage enrollment for seniors seeking coordinated care
- Care navigation reducing hospital readmissions
- Tech-enabled provider network management
Key facts
- Series D (Oct 2021): $1.15B at $12.7B valuation; a16z, General Catalyst, Base10 (Devoted press)
- Full-stack Medicare Advantage insurer founded by Todd and Ed Park
Funding history (newest first)
Series D
2021-10 $1.15B Valuation: $12.7BSource: https://www.devoted.com/news/devoted-health-raises-1-15b
Investors in our directory
Funds linked from Devoted Health's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Tech-native insurer vs. legacy payers bolting on digital — but scaling MA requires regulatory and clinical execution.
Medicare Advantage is dominated by incumbents but tech-enabled entrants target better member experience and lower medical loss ratios. Devoted must prove unit economics at scale across geographies.
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UnitedHealth / Optum incumbent
Dominant MA insurer at massive scale.
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Oscar Health adjacent
Tech-enabled insurer focused on ACA/individual, not MA.
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Humana incumbent
Major MA player with large senior footprint.
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Alignment Healthcare direct
Tech-forward MA insurer; public comp.
Notable stories
- Devoted was founded by brothers Todd Park (former U.S. CTO) and Ed Park — betting a tech-native insurer could outperform legacy MA on member experience (Forbes).
Industries
FAQs about Devoted Health
Practical answers founders, operators, and investors typically search for.
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