Palo Alto – July 2, 2019 – Cooley advised SoftBank Vision Fund on leading a $205 million funding round for Collective Health. Partners Matthew Bartus, who co-chairs Cooley’s global emerging companies and venture capital practice, and Bradley Libuit led the team advising SoftBank Vision Fund on the investment.
“With US healthcare costs at $3.65 trillion in 2018, Collective Health is reinventing the healthcare experience for companies and their employees,” said Deep Nishar, senior managing partner at SoftBank Investment Advisors, in a news release. “Their innovative business model and technology platform are not only helping employers understand and optimize their healthcare spend, they are also providing employees with a better healthcare experience. The company has continued to scale its business across US employers, and we are excited to help them drive further innovation and adoption in the approximately $1.2 trillion employer health insurance industry.”
Collective Health simplifies employer healthcare with an integrated technology solution that makes health insurance work for everyone. With more than 200,000 members and over 45 enterprise clients, including Driscoll’s, Pinterest, Red Bull, Restoration Hardware, Zendesk and more, Collective Health is reinventing the healthcare experience for forward-thinking employers and their people across the US.
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