About Sidecar Health
Sidecar Health is a company based in El Segundo (United States) founded in 2018 by Patrick Quigley and Veronica Osetinsky.. Sidecar Health has raised $328 million across 4 funding rounds from investors including Duke University, Koch Disruptive Technologies and GreatPoint Ventures. Sidecar Health offers products and services including Major Medical Plans, Benefit Card, and Provider Portal. Sidecar Health operates in a competitive market with competitors including Oscar, Devoted Health, Clover Health, Bright HealthCare and Friday Health Plans, among others.
- Headquarter El Segundo, United States
- Founders Patrick Quigley, Veronica Osetinsky
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Sidecar Health Insurance Solutions, 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
$328 M (USD)
in 4 rounds
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Latest Funding Round
$165 M (USD), Series D
Jun 27, 2024
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Investors
Duke University
& 11 more
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Employee Count
Employee Count
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Products & Services of Sidecar Health
Sidecar Health offers a comprehensive portfolio of products and services, including Major Medical Plans, Benefit Card, and Provider Portal. 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.
Comprehensive plans with upfront pricing and high claim approvals
Card for accessing prescriptions and care without restrictions
Portal for providers to manage claims and agreements
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Funding Insights of Sidecar Health
Sidecar Health has successfully raised a total of $328M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $165 million completed in June 2024. 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 4
- Last Round Series D — $165.0M
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First Round
First Round
(06 Aug 2019)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series D - Sidecar Health | Valuation | Koch Disruptive Technologies | |
| Jan, 2021 | Amount | Series C - Sidecar Health | Valuation | Drive Capital | |
| Jul, 2020 | Amount | Series B - Sidecar Health | Valuation | Cathay Innovation |
| 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 Sidecar Health
Sidecar Health has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Duke University, Koch Disruptive Technologies and GreatPoint Ventures. 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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Multiple sectors are invested in by the venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage big data, health tech, AI, food tech, and multiple sectors
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Founded Year | Domain | Location | |
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Investments in multiple sectors are made by Bond Capital.
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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 Sidecar 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 - Sidecar 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 |
Sidecar Health Comparisons
Competitors of Sidecar Health
Sidecar 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, Clover Health, Bright HealthCare and Friday Health Plans, 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 plans are provided for individuals.
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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 Sidecar Health
Frequently Asked Questions about Sidecar Health
When was Sidecar Health founded?
Sidecar Health was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Sidecar Health located?
Sidecar Health is headquartered in El Segundo, United States. It is registered at El Segundo, California, United States.
Who is the current CEO of Sidecar Health?
Patrick Quigley is the current CEO of Sidecar Health. They have also founded this company.
Is Sidecar Health a funded company?
Sidecar Health is a funded company, having raised a total of $328M across 4 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Aug 06, 2019.
What does Sidecar Health do?
Sidecar Health was founded in 2018 and is based in El Segundo, United States. An online platform is operated to deliver health insurance to individuals and businesses. Services encompass coverage for doctor consultations, treatments, medical billing, and related needs. Assistance with insurance claims is also provided within the health insurance sector.
Who are the top competitors of Sidecar Health?
Sidecar Health's top competitors include Oscar, Devoted Health and Clover Health.
What products or services does Sidecar Health offer?
Sidecar Health offers Major Medical Plans, Benefit Card, and Provider Portal.
Who are Sidecar Health's investors?
Sidecar Health has 12 investors. Key investors include Duke University, Koch Disruptive Technologies, GreatPoint Ventures, BOND, and Cathay Innovation.
What is Sidecar Health's valuation?
The valuation of Sidecar Health is $1B as of Jan 2021.
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