What is Devoted Health?
Devoted Health operates as a next-generation Medicare Advantage plan, founded on the principle of providing compassionate and high-quality care. The company distinguishes itself as a "payvidor," integrating both payor and provider functions. By partnering with leading physicians and hospitals, leveraging advanced technology, and offering dedicated member support through guides and tech-enabled services, Devoted Health aims to deliver optimal healthcare experiences for Medicare beneficiaries. The company is led by co-founders Ed and Todd Park and is powered by a seasoned healthcare and technology team.
How much funding has Devoted Health raised?
Devoted Health has raised a total of $2.2B across 6 funding rounds:
Series A
$62M
Series B
$300M
Series C
$450M
Unspecified
$1.2B
Series E
$175M
Private Equity
$26.9M
Series A (2017): $62M, investors not publicly disclosed
Series B (2018): $300M led by Andreessen Horowitz, PremjiInvest, and UpRising
Series C (2020): $450M supported by Uprising Capital, Obvious Ventures, Venrock, Premji Invest, Andreessen Horowitz, and F-Prime Capital
Unspecified (2021): $1.2B, investors not publicly disclosed
Series E (2023): $175M backed by Maverick Ventures, GIC, and Fearless Ventures
Private Equity (2025): $26.9M, investors not publicly disclosed
Key Investors in Devoted Health
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm known for investing in both early-stage startups and established growth companies, often focusing on disruptive technology and healthcare ventures.
PremjiInvest
PremjiInvest is an investment fund that engages in both public and private company investments, contributing significant capital to portfolio companies.
UpRising
UpRising is an organization that appears to be involved in social impact initiatives, potentially aligning with Devoted Health's mission to improve healthcare access and quality.
What's next for Devoted Health?
The substantial enterprise-level funding and recent strategic investment signal a period of significant growth and expansion for Devoted Health. This capital infusion is likely to fuel further development of its integrated care model, technological infrastructure, and market reach. The company's focus on combining payor and provider services, coupled with a commitment to personalized member care, positions it to address key challenges in the Medicare Advantage market and potentially redefine patient engagement and health outcomes.
See full Devoted Health company page
