TLDR:
- Chapter, a NYC-based medicare navigation platform, raised $50M in Series C funding.
- The funding round was led by XYZ Venture Capital with participation from existing investors Narya Capital, Addition, Susa Ventures, and Maverick Ventures.
In a recent development, Chapter, a New York City-based medicare navigation platform, announced that it has successfully raised $50M in Series C funding. The funding round was led by XYZ Venture Capital, with participation from existing investors Narya Capital, Addition, Susa Ventures, and Maverick Ventures. This influx of funds will be used by the company to accelerate its product development efforts and hiring initiatives.
Chapter, led by CEO Cobi Blumenfeld-Gantz, focuses on ensuring that consumers receive the most appropriate medicare coverage at the best possible price. The platform aligns incentives between medicare advisors and consumers by considering all available options and providing recommendations that are independent from any economic relationships. The company’s proprietary technology platform enables it to offer quality guidance at scale, serving both individual members and organizations that support seniors, such as financial advisories, health systems, and content publishers.
In addition to the funding announcement, Chapter also launched a new product called Over The Counter (OTC), which allows consumers to redeem OTC benefits in their plans. This new offering further expands the company’s reach and enhances the services it provides to its users.
This significant funding round and the introduction of the OTC product demonstrate Chapter’s commitment to innovation and providing valuable solutions in the medicare navigation space. With the support of leading investors and a strong leadership team, the company is well-positioned for growth and continued success in the healthcare sector.
