# eHealth

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ehealth

- Industry: Insurance
- Headquarters: Santa Clara, US
- Website: www.ehealthinsurance.com
- Total disclosed funding: $74M
- Latest round: Series C (Jan 10, 2001)
- Investors on record: 7

## About

Founded in 1997 and based in California, US, eHealth Inc also known as eHealthInsurance Services, Inc. offers a platform for users to browse through over 10,000 insurance plans from over 180 companies that enables them to find essential health coverage. The company has served over 8 million users that include individuals, families, and businesses. In 2006, eHealth raised USD 70 million in an IPO, selling 5 million shares at USD 14 per share on the Nasdaq Global Market. In 2021, the company received an investment of USD 225 million from an affiliate of H.I.G. Capital. The company is publicly traded on NASDAQ under the ticker symbol, EHTH. As of 2021, the company employs over 1000 employees. 

eHealth’s product portfolio consists of Medicare Insurance, a federal insurance program to American citizens aged 65 or older or those having qualified illness or disability. Medicare Insurance is offered in parts: Part A for hospital insurance and Part B for medical insurance; Part C offering Medicare coverage through a private insurance company instead of the government; and Part D offers prescription drug coverage through private insurance companies as well as Medicare Advantage Plans and Medicare Supplement (Medigap) insurance plans. 

Additionally, the company’s insurance products offer maternity coverage such as outpatient and inpatient services, baby care, lactation counseling, and breast pump rental among others as well as PPO (preferred provider organization) plans, HMO (Health Maintenance Organization) plans, and Medicaid or CHIP coverage. eHealthInsurance’s other insurance products involve GAP Insurance offering cash benefits to offset out-of-pocket costs and Medical Indemnity Insurance offering fixed-cash benefits. The firm also offers individual, family, and group plans for dental and vision insurances. 

The company recorded a revenue of USD 293.9 million for the fourth quarter of 2020. The company generates revenue through the commission received from the health insurance carriers. 

With the investment received in 2021, the company plans to drive organic growth, enhance its ability to capitalize on inorganic growth opportunities and deliver meaningful returns to shareholders as well as accelerate the execution of eHealth’s strategic initiatives, including driving scale through online enrollment growth, investing in the Company’s in-house telesales team, broadening its strategic partner channel, and driving towards increased member engagement and retention. The company also intends to sell 1500,000 shares of its common stock in an underwritten public offering to use the proceeds for general corporate purposes.

## Funding rounds

- Series C, Jan 10, 2001, $32M — Kleiner Perkins, Lightspeed Venture Partners, Sprout Group, Questmark Management Company, Goldman Sachs Asset Management
- Series B, Jan 11, 2000, $42M — Kleiner Perkins, Sprout Group, Weiss Peck & Greer, Dell Technologies, Inc., Goldman Sachs Asset Management

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B, Series C
- Sprout Group (https://capitalatlas.ai/funds/sprout-group) — Series B, Series C
- Weiss Peck & Greer (https://capitalatlas.ai/funds/weiss-peck-greer) — Series B
- Dell Technologies, Inc. — Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B, Series C
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series C
- Questmark Management Company (https://capitalatlas.ai/funds/questmark-management-company) — Series C