About Bright Health Group
Bright Health Group is a company based in Minneapolis (United States) founded in 2015 by Bob Sheehy and Tomas Valdivia.. The company has 2,851 employees as of December 31, 2022. Bright Health Group has completed 2 acquisitions, including Brand New Day and Zipnosis. Bright Health Group offers products and services including NeueCare and NeueSolutions. Bright Health Group operates in a competitive market with competitors including Little Journey, Wellbox, JPA, Melodi Health and Linkwell Health, among others.
- Headquarter Minneapolis, United States
- Employees 2851 as on 31 Dec, 2022
- Founders Bob Sheehy, Tomas Valdivia
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$936.66 M4as on Dec 31, 2024
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Net Profit
$-134.68 M88as on Dec 31, 2024
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EBITDA
$-2.16 M100as on Dec 31, 2024
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Latest Funding Round
$750 M (USD), Post-IPO
Dec 07, 2021
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Investors
Cigna Ventures
& 1 more
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Employee Count
2851
as on Dec 31, 2022
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Investments & Acquisitions
Brand New Day
& 1 more
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Products & Services of Bright Health Group
Bright Health Group offers a comprehensive portfolio of products and services, including NeueCare and NeueSolutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers accessible, high-quality care through owned clinics.
Provides tools for performance-based healthcare arrangements.
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Leadership Team
24 people
Software Development Team
21 people
Finance and Accounting
11 people
Operations Team
7 people
Senior Team
6 people
Sales and Marketing
5 people
Data Analysis and Operations Team
4 people
Care Team
3 people
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Funding Insights of Bright Health Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $750.0M
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First Round
First Round
(07 Dec 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Post-IPO - Bright Health Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bright Health Group
Bright Health Group has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Cigna Ventures and NEA. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm focused on the healthcare industry
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bright Health Group
Bright Health Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Brand New Day and Zipnosis. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of an online diagnosis and treatment service for common medical conditions
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2008 | ||||
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Healthcare insurance planning services are provided to clients.
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1985 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bright Health Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bright Health Group Comparisons
Competitors of Bright Health Group
Bright Health Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Little Journey, Wellbox, JPA, Melodi Health and Linkwell Health, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital health solutions are provided for pediatric healthcare preparation.
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| domain | founded_year | HQ Location |
Patient engagement and chronic care management services are provided.
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| domain | founded_year | HQ Location |
PR, marketing, stakeholder engagement, and healthcare services are provided.
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| domain | founded_year | HQ Location |
Patient engagement services are provided for healthcare providers.
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| domain | founded_year | HQ Location |
A content marketing company that helps members to achieve health plans goal
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bright Health Group
Frequently Asked Questions about Bright Health Group
When was Bright Health Group founded?
Bright Health Group was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Bright Health Group located?
Bright Health Group is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of Bright Health Group?
George Lawrence Mikan is the current CEO of Bright Health Group.
How many employees does Bright Health Group have?
As of Dec 31, 2022, the latest employee count at Bright Health Group is 2,851.
What is the annual revenue of Bright Health Group?
Annual revenue of Bright Health Group is $936.66M as on Dec 31, 2024.
What does Bright Health Group do?
Bright Health Group was established in 2015 in Minneapolis, United States, as a healthcare provider. Personalized care services are offered to patients through integrated platforms. Operations are centered in the United States, with a focus on accessible medical solutions. Leadership includes co-founders Bob Sheehy and Tomas Valdivia, alongside CEO George Lawrence Mikan. The company operates via its domain, brighthealthgroup.com, supporting regional health needs.
Who are the top competitors of Bright Health Group?
Bright Health Group's top competitors include Little Journey, Melodi Health and Wellbox.
What products or services does Bright Health Group offer?
Bright Health Group offers NeueCare and NeueSolutions.
How many acquisitions has Bright Health Group made?
Bright Health Group has made 2 acquisitions, including Brand New Day, and Zipnosis.
Who are Bright Health Group's investors?
Bright Health Group has 2 investors. Key investors include Cigna Ventures, and NEA.