Industry Bulletins | October 26, 2018
Devoted Health Raises $300 Million In Series B Funding
Health care startup Devoted Health (Devoted) recently raised $300 million in Series B funding led by Andreessen Horowitz. With the funding, the organization seeks to reinvent care for elderly Americans.
Devoted will launch its new Medicare advantage health plans in 2019 in the state of Florida, and will also use the $300 million in funding to develop its technology. The technology Devoted seeks to develop would process claims and build a network of clinical professionals that work together and have access to the health data and history of consumers. To date, the organization has raised a total of $369 million . . .