Intelligent Chapter, a Medicare advisory startup co-founded by Vivek Ramaswamy has just closed a $75 million Series B round of funding. That extraordinary feat raises the company’s valuation to $1.5 billion. Stripes Investments served as the lead investor in that Series A funding round. This highly respected private equity and venture capital firm has funded dozens of success stories.
Chapter’s founding principles were to put client interests first—not insurer profit. We further assist seniors by guiding them through the complicated world of Medicare health plan options. The startup walks Medicare beneficiaries through detailed comparisons of doctors, hospitals and prescription drug coverage. This provides clients the ability to make the best decisions for their healthcare needs.
Peter Thiel— tech billionaire and founding investor in Facebook and PayPal — who from 2015 to 2019 served on Chapter’s board. He has since stepped down from that role. His departure has opened the door for former Congresswoman Donna Shalala to join the board. This is a high-profile and important appointment, given her deeply rooted career in health care and public service. Shalala, as former Secretary of Health and Human Services, has an equally impressive background. Her tenure as a U.S. Congresswoman will add useful perspective to Chapter’s leadership.
The Chapter’s growth trajectory has been incredible since the beginning. In 2020, Naraya, a venture capital firm started by J.D. Vance, led Chapter’s Series A funding round. This early investment set the stage for this startup’s continued growth and development in today’s rapidly changing healthcare environment.
Recent funding from Stripes will allow Chapter to ramp up these efforts. That will enable them to better improve services and reach more seniors across the country. The on-demand company is growing fast. It continues to focus on its true north: empowering clients to make the most informed healthcare decisions.
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