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Stealth health insurance startup bulks up

  • April 6, 2016
  • April 6, 2016

Best of March. Q1 2016 insurance tech round-up. Bright Health gets big backing.

Brighten up

Hi there,

Between the rise of insurers starting strategic venture arms, a record amount of early-stage deal activity, Google Compare’s shutdown and more, Q1 2016 marked a busy quarter in the world of insurance tech.

So we compiled a list of notable insurance tech partnerships, deals, and startup hires we tracked in the first three months of 2016. Check it out.

Stealth in health

Earlier today, CB Insights’ Cruncher spotted an SEC filing for a Minneapolis-based startup called Bright Health.

Founded by former Redbrick Health CEO Kyle Rolfing, Bright has raised $46.5M (out of targeted $81.5M) and counts NEA and Bessemer Venture Partners among its investors and former United Healthcare CEO Bob Sheehey among its executives.

Details on the company are sparse but trademark statements indicate the company will be a provider of consumer health insurance.

We’ve highlighted how 6 of the top 7 most well-funded insurance tech startups are currently in the health realm. Will another soon join its ranks?

Hope you have a great rest of the week.

Matt
@mlcwong

P.S. Last week, we presented at the OnRamp Insurance Conference in Chicago on trends in the insurance startup & investment landscape. Here’s the full deck.
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