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
*********
- Legal Name Clover Health, Llc
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $500.0M
- First Round First Round
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series E - Clover Health | Valuation | Greenoaks |
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| May, 2017 | Amount | Series D - Clover Health | Valuation |
investors |
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| May, 2016 | Amount | Series C - Clover Health | Valuation | Greenoaks |
| 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 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. 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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Tech-enabled businesses are funded by Greenoaks venture capital firm.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investment firm
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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 Clover Health
| 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 |
Financial Statements - Clover Health
| 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 |
Clover Health Comparisons
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. 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 |
Online health insurance is provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Healthcare insurance plans are provided for individuals and Medicare services.
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| domain | founded_year | HQ Location |
Health insurance is offered online to individuals and businesses.
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| domain | founded_year | HQ Location |
Online health insurance plans are provided for individuals.
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| domain | founded_year | HQ Location |
Online health insurance is provided for individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Clover Health
Frequently Asked Questions about Clover Health
When was Clover Health founded?
Clover Health was founded in 2014.
Where is Clover Health located?
Clover Health is headquartered in Jersey City, United States. It is registered at Jersey City, New Jersey, United States.
Who is the current CEO of Clover Health?
Andrew Toy is the current CEO of Clover Health.
Is Clover Health a funded company?
Clover Health is a funded company, having raised a total of $938M across 8 funding rounds to date. The company's 1st funding round was a Series C of $160M, raised on Jul 23, 2014.
What does Clover Health do?
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.
Who are the top competitors of Clover Health?
Clover Health's top competitors include Oscar, Devoted Health and Friday Health Plans.
Who are Clover Health's investors?
Clover Health has 16 investors. Key investors include Nexus Venture Partners, Western Technology Investment, Greenoaks, Google Ventures, and Palm Drive Capital.
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