About Clover Health
Clover Health is a company based in Jersey City (United States) founded in 2014 by Vivek Garipalli and Kris Gale. Clover Health has raised $938 million across 8 funding rounds from investors including Nexus Venture Partners, Western Technology Investment and Greenoaks. Clover Health operates in a competitive market with competitors including Oscar, Devoted Health, Bright HealthCare, Friday Health Plans and Sidecar Health, among others.
- Headquarter Jersey City, United States
- Founders Vivek Garipalli, Kris Gale
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Sectors
HealthcareFinancial Services
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Phone
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Website
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Social
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- Legal Name Clover Health, Llc
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Annual Revenue
$1.37 B (USD)9.15as on Dec 31, 2024
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Net Profit
-$43.01 M (USD)79.84as on Dec 31, 2024
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EBITDA
Not available
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Total Equity Funding
$938 M (USD)
in 8 rounds
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Latest Funding Round
$500 M (USD), Series E
Jan 29, 2019
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Investors
Nexus Venture Partners
& 15 more
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Employee Count
Not available
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People of Clover Health
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Software Development Team
43 people
Leadership Team
27 people
Data Analysis and Operations Team
7 people
Legal and Compliance
6 people
Finance and Accounting
6 people
Operations Team
5 people
Senior Team
5 people
Human Resources and Administration
5 people
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Funding Insights of Clover Health
Clover Health has successfully raised a total of $938M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $500 million completed in January 2019. 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.
Investors in Clover Health
Clover Health has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Nexus Venture Partners, Western Technology Investment and Greenoaks.
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Tech-enabled businesses are funded by Greenoaks venture capital firm.
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Corporate backed venture capital fund investing in multiple sectors
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Investor details for Clover Health
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Investments & Acquisitions by Clover Health
Investment portfolio details for Clover Health
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- Transaction dates
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Financial Statements - Clover Health
Detailed financials for Clover Health
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Clover Health Comparisons
Peer comparison for Clover Health
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- Named peers
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Competitors of Clover Health
Clover Health 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 Oscar, Devoted Health, Bright HealthCare, Friday Health Plans and Sidecar Health, among others.
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Online health insurance is provided to individuals and businesses.
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Healthcare insurance plans are provided for individuals and Medicare services.
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Health insurance is offered online to individuals and businesses.
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Online health insurance plans are provided for individuals.
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Online health insurance is provided for individuals and businesses.
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Detailed competitors of Clover Health
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Latest news on Clover Health
Complete news archive for Clover Health
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Frequently Asked Questions about Clover Health
Clover Health was founded in 2014.
Clover Health is headquartered in Jersey City, United States. It is registered at Jersey City, New Jersey, United States.
Andrew Toy is the current CEO of Clover Health.
Clover Health is a funded company, having raised a total of $938M across 8 funding rounds to date.
Annual revenue of Clover Health is $1.37B as on Dec 31, 2024.
Provider of medicare advantage plans and related services. It offers various plans, including PPO and HMO options, providing coverage for prescription drugs, doctor visits, and supplemental benefits such as dental, vision, and hearing care. Members have access to online tools to manage their plans, search for in-network providers, and check drug coverage. The company also offers resources and support for providers and agents involved in the medicare advantage market. Services include a provider portal, agent tools, and educational materials about medicare.
Clover Health's top competitors include Oscar, Devoted Health and Friday Health Plans.
Clover Health has 16 investors. Key investors include Nexus Venture Partners, Western Technology Investment, Greenoaks, Google Ventures, and Palm Drive Capital.