Medicare Advantage insurtech company Devoted Health secures $175M

Devoted Health, a tech-enabled Medicare Advantage company, secured $175 million in Series E funding at the end of 2023. The round was led by Fearless Ventures, Highbury Holdings, Stardust Equity, GIC, Maverick Ventures, and The Space Between, with several other venture capital companies also participating. The company offers healthcare services to older adults, including Medicare Advantage health plans, provider partnerships, and its in-house virtual and at-home care provider, Devoted Medical. Founded in 2017 by Todd and Ed Park, Devoted Health aims to provide quality care and service to its members. It currently serves over 140,000 members in 299 counties across 13 states and received a five-star rating from the Centers for Medicare and Medicaid Services.

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