# HealthCare

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

- Industry: Insurance
- Headquarters: Miami, US
- Website: www.healthcare.com
- Total disclosed funding: $152M
- Latest round: Series C (Feb 8, 2022)
- Investors on record: 10

## About

HealthCare, Inc. is a US-based insurance provider specializing in comprehensive health coverage solutions, including individual plans and Medicare options, aimed at assisting consumers in selecting the right health insurance for their needs.Founded in 2014 in Miami, US, HealthCare, Inc. provides health insurance solutions to individual consumers and families. The company was formed by a team of founders including Glenn Luk, Howard Yeh, Jose Vargas, Julio Arrivillaga, and Robert Armanu. Its latest funding round, a Series C, raised USD 31.5 mn on February 8, 2022, led by Hildred Capital Partners, bringing the total amount raised to USD 31.5 mn across its funding history.Healthcare.com Insurance Services, LLC offers comprehensive health insurance solutions designed to meet the diverse needs of consumers seeking health coverage. Their primary product offerings include individual health insurance plans, Medicare insurance options, and short-term medical insurance through Pivot Health. These services assist customers in finding suitable coverage and enrolling either online or via phone. The clientele primarily consists of individuals and families in the United States looking for health insurance solutions that cater to their specific needs, including Medicare plans and short-term coverage during transitional circumstances. The company operates in various geographical markets across the United States, leveraging licensed agents to provide expert insights on health insurance, facilitating informed decision-making for users.Revenue generation for Healthcare.com Insurance Services, LLC typically occurs through a commission-based structure derived from policy sales to individual consumers and businesses. The company engages in direct-to-consumer transactions, connecting clients with licensed agents who guide them in selecting and enrolling in suitable health insurance plans. This model ensures a wide range of options is available to meet various customer needs, particularly in the health and Medicare insurance sectors. Agents receive compensation for successful enrollments into health insurance policies, including individual health plans and Medicare options, supporting the accessibility of their services while facilitating revenue collection from policyholders' insurance premiums.In February 2022, HealthCare, Inc. raised USD 31.5 mn in Series C funding, part of a larger USD 211.5 mn Series C round, led by Hildred Capital Partners. The company plans to use the funding to accelerate the development of its AI platform, driving direct-to-consumer healthcare product innovation. HealthCare, Inc. aims to introduce new insurance products, although specific details and release dates are not disclosed, and it is expected to expand its presence in additional U.S. markets.

## Funding rounds

- Series C, Feb 8, 2022, $32M — Hildred
- Series C, Nov 5, 2021, $82M — Oaktree Capital Management, Second Alpha, Link Ventures, AXIS Capital
- Series B, Jun 8, 2020, $5M — Link Ventures
- Series B, Nov 7, 2019, $18M — Second Alpha, AXIS Capital, CNO Financial Group
- Series A, Mar 6, 2015, $2M — Annox Capital, Brothers Brook, PeopleFund
- Series A, Nov 11, 2014, $7.5M — Annox Capital
- Series A, Jun 20, 2007, $6.1M — Battery Ventures

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A
- Annox Capital (https://capitalatlas.ai/funds/annox-capital) — Series A
- Brothers Brook — Series A
- PeopleFund (https://capitalatlas.ai/funds/peoplefund) — Series A
- Second Alpha (https://capitalatlas.ai/funds/second-alpha) — Series B, Series C
- AXIS Capital — Series B, Series C
- CNO Financial Group — Series B
- Link Ventures (https://capitalatlas.ai/funds/link-ventures) — Series B, Series C
- Oaktree Capital Management (https://capitalatlas.ai/funds/oaktree-capital-management) — Series C
- Hildred (https://capitalatlas.ai/funds/hildred) — Series C