Minneapolis-based health insurance startup Bright Health secured $160 million in a Series B funding round.
Owings Mills, Mont.-based Greenspring Associates led the round, which included six other investors.
Bright Health, led by Bob Sheehy, former CEO of Minnetonka, Minn.-based UnitedHealthcare, offers individual health plans through the individual exchange and brokers, and operates in Colorado. The payer is anticipating expansion in the 2018 markets and has been posting job openings in Alabama, Arizona and New York, according to a Minneapolis/St. Paul Business Journal report.
The latest round follows an $80 million Series A funding round in 2016, the report states.