About Friday Health Plans
Friday Health Plans is a company based in Alamosa (United States) founded in 2015 by Sal Gentile and David Pinkert.. Friday Health Plans has raised $283.83 million across 12 funding rounds from investors including Leadenhall Capital Partners, Vestar Capital Partners and Colorado Impact Fund. The company has 60 employees as of December 31, 2022. Friday Health Plans has completed 1 acquisition, including Colorado Choice. Friday Health Plans offers products and services including Health Insurance Plans and Claim Processing. Friday Health Plans operates in a competitive market with competitors including Oscar, Devoted Health, Clover Health, Bright HealthCare and Sidecar Health, among others.
- Headquarter Alamosa, United States
- Employees 60 as on 31 Dec, 2022
- Founders Sal Gentile, David Pinkert
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Colorado Choice Health Plans Dba San Luis Valley Hmo, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$283.83 M (USD)
in 12 rounds
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Latest Funding Round
$100 M (USD), Series D
Aug 31, 2021
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Investors
Leadenhall Capital Partners
& 4 more
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Employee Count
60
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Friday Health Plans
Friday Health Plans offers a comprehensive portfolio of products and services, including Health Insurance Plans and Claim Processing. 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.
Provides coverage and claim management for members and providers.
Handles mailed claims and appeals for health insurance users.
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Funding Insights of Friday Health Plans
Friday Health Plans has successfully raised a total of $283.83M across 12 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in August 2021. 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 12
- Last Round Series D — $100.0M
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First Round
First Round
(23 Nov 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series D - Friday Health Plans | Valuation |
investors |
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| Apr, 2021 | Amount | Debt – Conventional - Friday Health Plans | Valuation |
investors |
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| Apr, 2021 | Amount | Series C - Friday Health Plans | Valuation | Vestar Capital Partners |
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| 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 Friday Health Plans
Friday Health Plans has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Leadenhall Capital Partners, Vestar Capital Partners and Colorado Impact Fund. 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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A leading private equity firm focused on value creation.
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Founded Year | Domain | Location | |
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Early-stage impact investments are focused on Colorado companies.
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Founded Year | Domain | Location | |
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Healthcare sector investments are managed by Peloton Equity.
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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 Friday Health Plans
Friday Health Plans has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Colorado Choice. 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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Healthcare plans are provided for non-profit organizations.
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2004 |
| 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 - Friday Health Plans
| 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 |
Friday Health Plans Comparisons
Competitors of Friday Health Plans
Friday Health Plans 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, Clover Health, Bright HealthCare 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 |
Medicare Advantage plans and related services are provided.
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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 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 Friday Health Plans
Frequently Asked Questions about Friday Health Plans
When was Friday Health Plans founded?
Friday Health Plans was founded in 2015.
Where is Friday Health Plans located?
Friday Health Plans is headquartered in Alamosa, United States. It is registered at Alamosa, Colorado, United States.
Is Friday Health Plans a funded company?
Friday Health Plans is a funded company, having raised a total of $283.83M across 12 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $60M, raised on Nov 23, 2015.
How many employees does Friday Health Plans have?
As of Dec 31, 2022, the latest employee count at Friday Health Plans is 60.
What does Friday Health Plans do?
Friday Health Plans was founded in 2015 and is headquartered in Alamosa, United States. An online platform is operated to deliver health insurance to individuals. Coverage options include the Catastrophic Plan for those under 30, offering basic benefits such as three primary care visits, generic drugs, and urgent care; the Bronze Plan with a high deductible; and Silver Plans featuring mid-level deductibles for occasional medical needs.
Who are the top competitors of Friday Health Plans?
Friday Health Plans's top competitors include Oscar, Devoted Health and Clover Health.
What products or services does Friday Health Plans offer?
Friday Health Plans offers Health Insurance Plans and Claim Processing.
How many acquisitions has Friday Health Plans made?
Friday Health Plans has made 1 acquisition, including Colorado Choice.
Who are Friday Health Plans's investors?
Friday Health Plans has 5 investors. Key investors include Leadenhall Capital Partners, Vestar Capital Partners, Colorado Impact Fund, Peloton Equity, and Eduardo Cruz.
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