Devoted Health Issues $175 Million Series E Flat Round

Devoted Health, a Prime Unicorn Index component, recently raised a $175 million Series E round. In a December 14, 2023 filing, the company authorized a Series E round at $56.25, the same price as its Series D round.

Devoted Health is a tech-enabled Medicare Advantage startup that focuses on improving the health and well-being of older Americans. The company offers Medicare Advantage plans, runs a medical group, and utilizes technology to ensure cost containment and provide high-quality, patient-centered care. In late 2023, Devoted Health successfully closed a $175 million Series E funding round, marking one of the largest funding rounds for the company. This new funding is intended to support the company’s mission and further enhance its technology platform, patient care efforts, and successful expansion to new areas.

Devoted Health has previously raised $1.73 billion over five rounds. Investors include Softbank, Andreessen Horowitz, Maverick, General Catalyst, ICONIQ, Base10, and others. This round values the company at $13.1 billion on a post-money valuation basis.