What is Chapter?
Chapter is a technology-driven health insurance advisory firm specializing in helping Americans navigate the complexities of Medicare. Through its licensed subsidiary, Chapter Advisory, LLC, the company offers personalized consultations, plan comparisons, and enrollment support. By leveraging data analytics and expert guidance, Chapter aims to simplify the Medicare experience, ensuring beneficiaries can make informed decisions about their healthcare coverage. The company's mission is to provide transparent, unbiased, and accessible support nationwide.
How much funding has Chapter raised?
Chapter has raised a total of $284M across 5 funding rounds:
Series A
$17M
Series B
$42M
Series C
$50M
Series D
$75M
Series E
$100M
Series A (2021): $17M with participation from Maverick Ventures, Narya Capital, and Susa Ventures
Series B (2022): $42M led by Addition, XYZ Venture Capital, Health2047 Capital Partners, Narya Capital, Susa Ventures, Maverick Ventures, and Core Innovation Capital
Series C (2024): $50M supported by XYZ Venture Capital, Addition, and Susa Ventures
Series D (2025): $75M featuring Narya, Stripes, XYZ Venture Capital, and Susa Ventures
Series E (2026): $100M backed by Susa Ventures, Maverick Capital, 8VC, Generation Investment Management, XYZ Venture Capital, and Fifth Down Capital
Key Investors in Chapter
Susa Ventures
Susa Ventures is an early-stage venture capital firm that invests in seed-stage startups, aiming to help build the next billion-dollar companies. Since its inception in 2013, the firm has partnered with over 100 startups, with 10% achieving unicorn status. Susa Ventures provides capital, community, and talent without taking board seats, believing that founders should retain control of their companies. Their portfolio includes notable companies across various sectors, including fintech, healthcare, and AI.
Maverick Capital
Founded in 1993, Maverick Capital, Ltd. is an employee-owned hedge fund sponsor. The firm provides its services to pooled investment vehicles. It invests in the public equity markets of the United States. The firm also manages funds and invests in venture-backed biotechnology companies. They are based in Dallas, Texas.
8VC
8VC is a leading technology investment firm, investing in visionary teams and backing industry-transforming companies. The partners have a proven track-record as founders, engineers, and operators of successful companies including Palantir, Addepar, Affinity and OpenGov, amongst others. 8VC was founded in 2012 and manages $3.6 billion in committed capital. The firm invests primarily in smart enterprise platforms across industries including financial services, healthcare, logistics, Bio-IT, and others.
What's next for Chapter?
The recent major strategic investment indicates that Chapter is poised for significant scaling and further development of its advisory platform. This capital will likely fuel expansion into new markets, enhance technological capabilities for personalized client support, and potentially broaden its service offerings within the health insurance landscape. The company's focus on simplifying Medicare positions it for continued growth as the population ages and healthcare needs become more intricate. Future strategic partnerships and product innovations can be anticipated as Chapter solidifies its market position.
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