- HealthCare.com announced it closed $18 million in Series B funding led by Second Alpha Partners
HealthCare.com — one of the fastest-growing leader in technology-enabled health insurance solutions — announced it has closed $18 million in Series B funding. Including this round of funding, Healthcare.com has raised over $27 million since the company was founded.
This round of funding was led by Second Alpha Partners. And additional strategic investors that joined this round included AXIS Capital and CNO Financial Group.
“We recognize the massive opportunity and are committed to help consumers deal with the increasing complexities and costs of health insurance,” said Vargas, co-founder and president of HealthCare.com. “We are pleased and honored to have the backing of investors who share our values and mission to become the pioneer tech-enabled destination for consumers to compare and enroll in health insurance and Medicare plans.”
The funding will be used to grow HealthCare.com as the nation’s preeminent source for helping consumers compare and enroll in health insurance and Medicare plans. And the funding will also used for technology, engineering, and data science investments along with expanding consumer experience solutions and accelerating the development and marketing of its proprietary insurance products.
“Second Alpha is pleased to back HealthCare.com and its entire team, who have demonstrated market leadership and momentum while building a sustainable and profitable InsurTech company,” added Jim Sanger, managing partner of Second Alpha Partners. “Applying technology and data to help consumers navigate and enroll in the best health insurance or Medicare plan is a massive and exciting opportunity.”
Launched in 2014, HealthCare.com is led by a group of technology and insurance industry veterans, including co-founders Vargas, Howard Yeh, and Jeff Smedsrud. Some of HealthCare.com’s other investors include Booking Holdings chairman Jeff Boyd and PeopleFund.
