About Bright HealthCare
Bright HealthCare is a company based in Minneapolis (United States) founded in 2015.. Bright HealthCare has raised $1.58 billion across 5 funding rounds from investors including Bessemer Venture Partners, Blackstone and T. Rowe Price. The company has 47 employees as of December 31, 2022. Bright HealthCare has completed 3 acquisitions, including Central Health Plan, Spyder Trap and True Health New Mexico. Bright HealthCare offers products and services including ACA Health Plans, Medicare Advantage Plans, and Small Group Plans.
- Headquarter Minneapolis, United States
- Employees 47 as on 31 Dec, 2022
- Stage Unicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.58 B (USD)
in 5 rounds
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Latest Funding Round
$500 M (USD), Series E
Sep 09, 2020
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Investors
Bessemer Venture Partners
& 13 more
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Employee Count
47
as on Dec 31, 2022
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Investments & Acquisitions
Central Health Plan
& 2 more
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Products & Services of Bright HealthCare
Bright HealthCare offers a comprehensive portfolio of products and services, including ACA Health Plans, Medicare Advantage Plans, and Small Group Plans. 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.
Insurance for individuals and families under Affordable Care Act.
Alternative Medicare plans with additional benefits and coverage.
Plans for small businesses and employees with cost-sharing options.
Funding Insights of Bright HealthCare
Bright HealthCare has successfully raised a total of $1.58B across 5 strategic funding rounds. The most recent funding activity was a Series E round of $500 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series E — $500.0M
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First Round
First Round
(25 Mar 2016)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series E - Bright HealthCare | Valuation | Tiger Global Management , T. Rowe Price | |
| Dec, 2019 | Amount | Series D - Bright HealthCare | Valuation | New Enterprise Associates | |
| Nov, 2018 | Amount | Series C - Bright HealthCare | Valuation | Declaration Partners , Meritech |
| 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 HealthCare
Bright HealthCare has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Blackstone and T. Rowe Price. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Diversified investment management is provided across multiple asset classes.
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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 HealthCare
Bright HealthCare has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Central Health Plan, Spyder Trap and True Health New Mexico. 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
|
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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Diversified insurance brokerage services are offered in New Mexico.
|
2017 | ||||
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Custom software, web designs, and mobile applications are developed.
|
2008 | ||||
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Online listing platform for multiple health services
|
2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Bright HealthCare
| 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 Healthcare Comparisons
Competitors of Bright HealthCare
| 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 Healthcare
Frequently Asked Questions about Bright HealthCare
When was Bright HealthCare founded?
Bright HealthCare was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Bright HealthCare located?
Bright HealthCare is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is Bright HealthCare a funded company?
Bright HealthCare is a funded company, having raised a total of $1.58B across 5 funding rounds to date. The company's 1st funding round was a Series C of $200M, raised on Mar 25, 2016.
How many employees does Bright HealthCare have?
As of Dec 31, 2022, the latest employee count at Bright HealthCare is 47.
What does Bright HealthCare do?
Bright HealthCare was founded in 2015 and is headquartered in Minneapolis, United States. An online platform is operated in the health insurance sector, serving individuals and businesses. Coverage options are provided for dental and vision care, prescription medications, mental health services, and additional needs. A network of doctors, clinics, and hospitals is maintained to support healthcare access for users.
What products or services does Bright HealthCare offer?
Bright HealthCare offers ACA Health Plans, Medicare Advantage Plans, and Small Group Plans.
How many acquisitions has Bright HealthCare made?
Bright HealthCare has made 3 acquisitions, including Central Health Plan, Spyder Trap, and True Health New Mexico.
Who are Bright HealthCare's investors?
Bright HealthCare has 14 investors. Key investors include Bessemer Venture Partners, Blackstone, T. Rowe Price, Greenspring Associates, and Tiger Global.
What is Bright HealthCare's valuation?
The valuation of Bright HealthCare is $2.5B as of Sep 2020.
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