San Francisco-based startup Clover Health, a health insurance company that specializes in the Medicare-managed market, has secured $160 million in Series C venture funding, according to the San Francisco Business Times.
Here are five things to know:
1. This addition gives Clover Health nearly $300 million in venture funding.
2. The startup has outposts in California and New Jersey.
3. The startup, which previously raised $135 million in Series A and B rounds, said it will use the new funding to scale its technology and data science platforms and expand into new, undisclosed markets.
4. Other investors that participated in the round include:
- Arena Ventures
- First Round Capital
- Sequoia Capital
- Social Capital
- Wildcat Ventures
- AME Cloud Ventures
- Casdin Capital
- FLOODGATE
- Nexus Ventures
- Refractor Capital
- Spark Capital
5. Clover Health CEO Vivek Garipalli started the company in 2012 with co-founder Kris Gale, former vice president of engineering at Yammer.