Healthcare.com Valuation, Funding & Investors

Healthcare.com is valued at $1B as of December 2021.

Last Healthcare.com valuation

$1B

Series C · Dec 2021

Last Healthcare.com funding round

$32M

Series C · Feb 2022

Cumulative funding Healthcare.com raised

$114M

across 6 funding rounds

Key investors in Healthcare.com

  • Link Ventures
  • Second Alpha Partners
  • Oaktree Capital Management
  • PeopleFund
  • Annox Capital
  • AXIS Capital

Healthcare.com Overview

About Healthcare.com

Healthcare.com is an online marketplace that connects U.S. consumers with individual health insurance and Medicare plans through a comparison shopping platform. The company markets Pivot Health, a direct-to-consumer line featuring short-term medical, dental, vision, and supplemental insurance products. New York City-headquartered since its 2014 founding, Healthcare.com has secured backing from PeopleFund and executives of Booking Holdings. It has appeared five times on the Inc. 5000 list recognizing America's fastest-growing private companies. The platform processes enrollments for thousands of plans from major carriers like UnitedHealthcare and Aetna.


Founded

2006

HQ

United StatesMiami, FL

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$1B (Dec 2021)

Healthcare.com Valuation

Healthcare.com is currently valued at $1B, based on its Series C in December 2021.

The $50M round was led by Oaktree Capital Management, with participation from AXIS Capital, Link Ventures and Second Alpha Partners.

Healthcare.com's valuation has grown 1.3x from $760M at its Series B in November 2019 to $1B in December 2021, across 2 priced rounds.

Healthcare.com valuation by funding round

Healthcare.com valuation by funding round
DateStageValuation
Dec 2021Series C$1B
Nov 2019Series B$760M

Healthcare.com Funding History

Healthcare.com has raised a total of $114M across 6 funding rounds.

Healthcare.com's first fundraising round was a $8M Series A in October 2014. The most recent completed round was a $32M Series C in February 2022.

Healthcare.com funding rounds

Healthcare.com funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2022Series CHildred Capital Partners (lead)$32M-Healthcare.com is an AI-powered digital healthcare platform headquartered in Miami and New York City, founded in 2014. The company aims to revolutionize health insurance shopping by bringing simplicity and transparency to an industry known for complexity and opacity, enabling consumers to discover, choose, and buy health insurance and other healthcare-related products including proprietary plans and customizable bundles. Healthcare.com raised an additional $31.5 million on February 8, 2022, from Hildred Capital Management, extending its previously announced Series C equity round that was originally led by Oaktree Capital Management with existing investors including AXIS Capital, Second Alpha, and Link Ventures. The total Series C round was extended to $211.5 million with this investment. Healthcare.com had achieved unicorn status with a valuation of $1,000 million in December 2021. The company's most recent disclosed total funding across nine rounds was $253.1 million. Co-founder Jose Vargas noted that Healthcare.com had acquired a direct-to-consumer pharmacy capable of dispensing in all 50 states, which the company expected to become a significant part of its business going forward, and indicated plans for additional strategic acquisitions. The funding was earmarked for continued investments in AI and machine learning to drive its direct-to-consumer healthcare solutions.
Dec 2021Series COaktree Capital Management (lead); AXIS Capital; Link Ventures; Second Alpha Partners$50M$1BHealthCare.com is a Miami- and New York-based insurtech platform founded in 2014 that uses machine learning and AI to match consumers across life stages with personalized health plans, pharmacy products, and proprietary insurance plans, allowing side-by-side comparisons and bundled purchases in a single transaction. The company announced a $180 million oversubscribed financing round on December 13, 2021, comprising $130 million in senior non-convertible preferred stock and over $50 million in Series C preferred equity, led by Oaktree Capital Management with participation from existing investors Axis Capital, Second Alpha Partners, Link Ventures, and founders. This round valued the company at over $1 billion, achieving unicorn status and bringing total funding to $253.1 million across nine rounds. In the year leading up to the round, HealthCare.com assisted 5.6 million people in finding and purchasing healthcare products, with its workforce more than doubling since early 2021 to over 370 employees. The funding aims to accelerate AI platform development, data science, product engineering, hiring, and scaling to address U.S. healthcare challenges like cost, transparency, and access. Oaktree's Brian Laibow and Axis Capital's Linda Ventresca joined the board, highlighting the company's innovative distribution, proprietary products, and technology-driven scalability. HealthCare.com positions itself to disrupt consumer health insurance by fostering lifelong consumer relationships and improving wellness outcomes. It joins Miami's unicorn club alongside companies like Papa and REEF Technology. A subsequent Series C-III round of $31.5 million occurred in February 2022 with Hildred Capital.
Jun 2020Series BLink Ventures (lead)$5M--
Nov 2019Series BSecond Alpha Partners (lead); Axis Capital Ventures Corp.; CNO Financial Group$18M$760MHealthCare.com is a technology-enabled health insurance solutions provider that helps consumers compare and enroll in health insurance and Medicare plans. The company secured $18 million in Series B funding on November 7, 2019, led by Second Alpha Partners with participation from AXIS Capital and CNO Financial Group, bringing total capital raised to over $27 million. The funds supported technology, engineering, data-science investments, consumer experience enhancements, and proprietary insurance product development. HealthCare.com, headquartered in Miami, was valued at more than $760 million in this round. The InsurTech firm had been recognized as a 4-time honoree on the Inc. 5000 list of America's fastest-growing companies. Second Alpha Partners, a value-oriented private equity firm founded in 2012, focused on secondary and direct investments in technology-enabled companies.
Mar 2015Series AAnnox Capital (lead); Brothers Brook (lead); PeopleFund$2M--
Oct 2014Series A-$8M-HealthCare.com is an online health insurance solutions provider founded in 2014, offering a data-driven platform to help consumers compare and enroll in individual health insurance and Medicare plans, and marketing proprietary direct-to-consumer products under Pivot Health. The company has raised multiple funding rounds, including an $18 million Series B in 2019 led by Second Alpha Partners with participation from AXIS Capital and CNO Financial Group, bringing total capital to over $27 million at that time, used for technology, engineering, data science, and marketing. A later $180 million round comprising $130 million in senior non-convertible preferred stock and $50 million in Series C preferred equity was led by Oaktree Capital Management, with Axis Capital, Second Alpha, and Link Ventures participating, boosting valuation to over $1 billion and more than doubling headcount to over 370 employees. Funds supported product development, engineering, data science, and hiring.

Who has invested in Healthcare.com?

10 investors have backed Healthcare.com across its funding rounds, including Link Ventures, Second Alpha Partners, Oaktree Capital Management, PeopleFund, Annox Capital and AXIS Capital.

Lead investors include Hildred Capital Partners, Oaktree Capital Management, Link Ventures, Second Alpha Partners, Annox Capital and 1 other investor.


Healthcare.com Investors

Investors in Healthcare.com by funding rounds participated
InvestorHQRoundsRoleFirst check
Link VenturesUnited StatesUnited States2LeadJun 2020
Second Alpha PartnersUnited StatesNew York City, NY2LeadNov 2019
AXIS CapitalUnited StatesUnited States1ParticipantDec 2021
Hildred Capital PartnersUnited StatesNew York City, NY1LeadFeb 2022
PeopleFundUnited StatesUnited States1ParticipantMar 2015
Brothers BrookUnited StatesStamford, CT1LeadMar 2015
Oaktree Capital ManagementUnited StatesUnited States1LeadDec 2021
Axis Capital Ventures Corp.IndiaMumbai1ParticipantNov 2019

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Acquisitions by Healthcare.com

Healthcare.com has acquired 2 companies to date.

Last acquisition by Healthcare.com was on March 21st 2022. Healthcare.com acquired Jaroop for undisclosed valuation.


Latest Acquisitions by Healthcare.com

Jaroop
Pivot Health.com
Description
Jaroop is a provider of technology platforms for insurance distribution, enabling agencies, carriers, and vendors to manage policy sales, customer acquisition, and retention. The company develops custom software and leverages off-the-shelf tools for quoting, enrollment, and analytics in property and casualty lines. Jaroop operates from Ann Arbor, Michigan, serving North American insurers.
Pivot Health is a provider of temporary and supplemental health insurance plans available online. The platform offers short-term medical coverage, dental vision add-ons, and telehealth services for individuals between jobs or during open enrollment gaps, with policies underwritten by major carriers like UnitedHealthcare.
HQ CountryUnited StatesUnited States
HQ City
Hartford, CT
Phoenix, AZ
Deal Date21 Mar 202221 Feb 2018
Valuationundisclosed$1M
EV/Revenue
EV/EBITDA

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Healthcare.com Competitors

Healthcare.com competitors include listed companies like Rasan and SMZDM.com, and private ones like InsuranceDekho, BGL Group, Vesttoo and Acko.

Public and private companies comparable to Healthcare.com
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
InsuranceDekhoIndiaHaryanaPrivate$138M-$775M5.6x
BGL GroupUnited KingdomPeterboroughPrivate$778M-$2.4B3.0x
RasanSaudi ArabiaSaudi ArabiaPublicly listed$174M$73M$3B11.0x
VesttooIsraelTel AvivPrivate$160M$20M$1B6.3x
AckoIndiaMumbaiPrivate$303M-$1B3.3x
SMZDM.comChinaChinaPublicly listed$192M$19M$1B4.7x

Healthcare.com Public Comps

Healthcare.com is still privately-owned, but its public comps include SMZDM.com, QuinStreet, Banca Ifis, B2 Impact, Barings BDC, Sukoon Insurance, Goldman Sachs BDC, Kayne Anderson BDC, GoodRx and EverQuote.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SMZDM.com$192M$19M4.9x4.7x47.8x42.1x
QuinStreet$1.3B$61M0.7x0.7x15.8x7.9x
Banca Ifis$826M-1.3x1.1x--
B2 Impact$356M$194M5.6x4.1x10.4x9.8x
Barings BDC$263M-8.7x8.7x--
Sukoon Insurance$889M$125M0.7x-5.0x-
Goldman Sachs BDC$303M-9.8x8.9x--
Kayne Anderson BDC$214M-9.7x9.0x--

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Common questions about Healthcare.com

When was Healthcare.com founded?Healthcare.com was founded in 2006.
Where is Healthcare.com headquartered?Healthcare.com is headquartered in Miami, FL, United States.
Is Healthcare.com publicly listed?No, Healthcare.com is a private, VC-backed company.
What is Healthcare.com's valuation?Healthcare.com was last valued at $1B in its Series C in December 2021.
How much funding has Healthcare.com raised?Healthcare.com has raised $114M across 6 funding rounds.
What was Healthcare.com's last funding round?Healthcare.com's last funding round was a $32M Series C in February 2022, led by Hildred Capital Partners.
Who are Healthcare.com's investors?Healthcare.com's investors include Link Ventures, Second Alpha Partners, AXIS Capital, Hildred Capital Partners, PeopleFund, Brothers Brook, Oaktree Capital Management, Axis Capital Ventures Corp., Annox Capital and CNO Financial Group.
Which companies are comparable to Healthcare.com?Companies comparable to Healthcare.com include InsuranceDekho, BGL Group, Rasan, Vesttoo, Acko and SMZDM.com.
How many companies has Healthcare.com acquired?Healthcare.com has acquired 2 companies, including Jaroop and Pivot Health.com.
What was the largest acquisition by Healthcare.com?The $1M acquisition of Pivot Health.com in February 2018 is the largest acquisition Healthcare.com has made to date.

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