Funds invest $ 130 million in HealthCare.com
What would you like to know
- A new investor, Oaktree Capital, led the round, and existing investors also participated.
- The company is now present in Guatemala, Thailand and the Netherlands as well as in the United States.
- The number of employees has increased 130% since January, to around 370.
HealthCare.com has $ 130 million in new cash and plans to use some of the money to “hire for several key roles.”
The health insurance distributor and online product developer raised funds from a group of investors led by Oaktree Capital Management funds.
Oaktree funds are new to the HealthCare.com investor list. Companies that have already invested in the business – Axis Capital, Second Alpha and Link Ventures – have added more liquidity. HealthCare.com says its founders were also involved in the new funding round.
Company executives said Monday they would use the new funding to accelerate projects involving data science, product development and engineering, as well as hiring.
What your peers are reading
The company says one of the reasons for its growth is that it has focused on using artificial intelligence-based systems to promote cross-selling by providing buyers with easy-to-customize and easy-to-customize product sets. to buy.
“We aim to create an iterative relationship with the consumer that will span decades, thereby improving well-being across the lifespan,” said Don Loonam, CEO of the company, in a comment included in the funding announcement.