Sidecar Health, an insurance startup focusing on price transparency and direct payments for care, raised $165 million in Series D financing led by Koch Disruptive Technologies. They plan to expand into Florida and partner with Koch Industries in providing medical insurance for a segment of their workforce. Sidecar’s members customize their annual healthcare coverage and have no coinsurance or copays. The company’s model aims to empower consumers in making healthcare decisions with transparency and fewer restrictions. Previously, Sidecar Health raised $18 million in 2019 and $20 million in 2020, becoming a unicorn with a valuation of over $1 billion in 2021. They also partnered with Mark Cuban’s Cost Plus Drug Company to provide low-cost medications to members.
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Sidecar Health scores $165M for employer health insurance plans
