Health insurance startup Clover Health receives $35M in Series B funding

Clover Health, a technology-based health insurance startup, secured $35 million in Series B funding. The round was led by Sequoia and included investors First Round Capital and Athyrium Capital Management.

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Clover Health offers Medicare and Medicare Advantage plans and uses its software leverages data analytics to recognize when patients may need medical treatment and take a proactive role in care management.

“At Clover, we’re focused on bending the risk curve, using patient-centered analytics and a dedicated care management team to identify potential risks and directly provide preventive care to members when they need it most,” said Vivek Garipalli, co-founder and CEO of Clover. “We’ve already seen a significant reduction in hospital admissions from this approach and hope to see that trend continue.”

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