# Devoted Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/devoted-health

- Industry: Insurance
- Headquarters: Waltham, US
- Website: www.devoted.com
- Total disclosed funding: $3.1B
- Investors on record: 44

## About

Founded in 2017 and based in Waltham, MA, Devoted Health, Inc. specializes in Medicare Advantage plans that integrate comprehensive healthcare services with a focus on affordability and support for its members. The company was co-founded brother Todd and Ed Park. In January 2026, Devoted Health, Inc. raised USD 317 million in series F funding co-led by Centricus and The Space Between. The round was part of a larger USD 365 million series F funding. Devoted Health specializes in Medicare Advantage plans that integrate comprehensive healthcare services with an emphasis on affordability and member support. Their primary offerings include a range of benefits such as dental and eyewear coverage, prescription drug coverage, gym memberships, and access to a dedicated customer service team known as Devoted Guides. These plans are designed to address the specific healthcare needs of seniors and chronically ill individuals, enabling them to manage their health effectively while minimizing out-of-pocket expenses. Devoted Health serves a diverse client base across several geographical markets in the United States, focusing particularly on areas with significant populations of Medicare-eligible individuals. This strategic targeting allows the company to deliver tailored healthcare solutions that enhance the quality of life for its members. Devoted Health, Inc. generates revenue through its Medicare Advantage plans, where members typically pay monthly premiums that may start at USD 0. The business operates on a direct-to-consumer model, providing services to individuals rather than through retail or wholesale partnerships. Revenue is structured around the enrollment of members in these plans, which include a variety of supplemental benefits aimed at improving overall health outcomes. Clients access services through a streamlined process that ensures coverage for healthcare needs while benefiting from additional amenities such as the Food & Home Card and gym memberships. As a result, the company is positioned to foster long-term relationships with its members, enhancing its revenue potential through expanded enrollment and member retention. Devoted Health, Inc. is focused on expanding its product offerings and enhancing service delivery. The company plans to introduce new Medicare Advantage plans designed to meet the evolving needs of its members. Additionally, Devoted Health is looking to enter new geographic markets across the United States to better serve Medicare-eligible individuals. The recent funding will support these initiatives and enhance the company's operational capabilities, allowing for a broader reach and improved member services.

## Funding rounds

- Round, Nov 6, 2026, $555M — Azim Premji's family office, Emerson Collective
- Series F, Jan 31, 2026, $317M — Centricus, The Space Between
- Series F, Nov 30, 2025, $48M — Centricus, The Space Between
- Series E, Jul 19, 2024, $113M — White Road Capital Management, Socium Ventures, The Space Between
- Series E, Dec 15, 2023, $175M — General Catalyst Partners, GIC, F-Prime Capital, Andreessen Horowitz, Maverick Capital, GreatPoint Ventures, Fearless Ventures, The Private Shares Fund, Socium Ventures, Highbury Group, Stardust Equity, Emerson Collective, The Space Between
- Series D, Sep 17, 2021, $1.1B — General Catalyst Partners, GIC, Rock Creek Group, Andreessen Horowitz, NextView Ventures, Maverick Capital, PremjiInvest, ICONIQ Capital, Uprising, Frist Cressey Ventures, Base10 Partners, SB Investment Advisers, Seek Ventures, Rogue Insight Capital, Green Sands Equity, Formica Capital, Head & Heart Capital, Whistler Capital Partners, Old Well Partners, ARTFO Holdings, Emerson Collective
- Series C, Apr 10, 2020, $380M — F-Prime Capital, Andreessen Horowitz, PremjiInvest, Obvious, Frist Cressey Ventures, Green Sands Equity, ARTFO Holdings, JAWS Estate Capital
- Series B, Sep 12, 2018, $300M — Venrock, F-Prime Capital, Andreessen Horowitz, Maverick Capital, Capital Factory, PremjiInvest, Uprising, StartUp Health, K2 Global, Frist Cressey Ventures, Dreamers VC, For Good Ventures, Formica Capital, Highbury Group
- Series A, Oct 6, 2017, $62M — Venrock, Indie Enterprises, F-Prime Capital, NextView Ventures, Maverick Capital, Kapor Capital, Obvious, Oak HC/FT, Frist Cressey Ventures, Eight Roads
- Seed, May 12, 2017, $5.2M — Venrock

## Investors

- Venrock (https://capitalatlas.ai/funds/venrock) — Seed, Series A, Series B
- Indie Enterprises (https://capitalatlas.ai/funds/indie-enterprises) — Series A
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A, Series B, Series C, Series E
- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Series A, Series D
- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Series A, Series B, Series D, Series E
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A
- Obvious (https://capitalatlas.ai/funds/obvious) — Series A, Series C
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series A
- Frist Cressey Ventures (https://capitalatlas.ai/funds/frist-cressey-ventures) — Series A, Series B, Series C, Series D
- Eight Roads — Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B, Series C, Series D, Series E
- Capital Factory (https://capitalatlas.ai/funds/capital-factory) — Series B
- PremjiInvest (https://capitalatlas.ai/funds/premjiinvest) — Series B, Series C, Series D
- Uprising (https://capitalatlas.ai/funds/uprising) — Series B, Series D
- StartUp Health (https://capitalatlas.ai/funds/startup-health) — Series B
- K2 Global (https://capitalatlas.ai/funds/k2-global) — Series B
- Dreamers VC (https://capitalatlas.ai/funds/dreamers-vc) — Series B
- For Good Ventures (https://capitalatlas.ai/funds/for-good-ventures) — Series B
- Formica Capital — Series B, Series D
- Highbury Group (https://capitalatlas.ai/funds/highbury-group) — Series B, Series E
- Green Sands Equity (https://capitalatlas.ai/funds/green-sands-equity) — Series C, Series D
- ARTFO Holdings — Series C, Series D
- JAWS Estate Capital — Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series D, Series E
- GIC — Series D, Series E
- Rock Creek Group (https://capitalatlas.ai/funds/rock-creek-group) — Series D
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series D
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Series D
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series D
- Seek Ventures (https://capitalatlas.ai/funds/seek-ventures) — Series D
- Rogue Insight Capital (https://capitalatlas.ai/funds/rogue-insight-capital) — Series D
- Head & Heart Capital (https://capitalatlas.ai/funds/head-heart-capital) — Series D
- Whistler Capital Partners (https://capitalatlas.ai/funds/whistler-capital-partners) — Series D
- Old Well Partners (https://capitalatlas.ai/funds/old-well-partners) — Series D
- Emerson Collective — Series D, Series E
- GreatPoint Ventures (https://capitalatlas.ai/funds/greatpoint-ventures) — Series E
- Fearless Ventures (https://capitalatlas.ai/funds/fearless-ventures) — Series E
- The Private Shares Fund (https://capitalatlas.ai/funds/the-private-shares-fund) — Series E
- Socium Ventures (https://capitalatlas.ai/funds/socium-ventures) — Series E
- Stardust Equity (https://capitalatlas.ai/funds/stardust-equity) — Series E
- The Space Between (https://capitalatlas.ai/funds/the-space-between) — Series E, Series F
- White Road Capital Management (https://capitalatlas.ai/funds/white-road-capital-management) — Series E
- Centricus (https://capitalatlas.ai/funds/centricus) — Series F
- Azim Premji's family office