SoftBank Vision Fund Leads $205 Million Round for Collective Health

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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Related Contacts
Matthew Bartus Partner, Palo Alto
Bradley Libuit Partner, San Francisco
Aaron Pomeroy Partner, Colorado
Adam Connolly Special Counsel, San Francisco
Adit Khorana Partner, Palo Alto
Alan Ai Associate, Palo Alto
Anders Fernstrom Associate, Reston
Austin Holt Associate, Los Angeles
Blake Martell Partner, San Francisco
Christopher Kimball Special Counsel, Washington, DC
Christopher Hutter Partner, Reston
David Dalton Associate, San Francisco
Emily Iannarelli Associate, Palo Alto
Erin Estevez Associate, Washington, DC
Isabelle Hutchings Associate, Palo Alto
Joshua Singh Associate, Palo Alto
Judd Lauter Associate, Palo Alto
Kimberly Nguyen Associate, Reston
Howard Morse Partner, Washington, DC
Mark Windfeld-Hansen Partner, Palo Alto
Michael Tubbs Associate, San Francisco
Patrick M. Stewart Associate, Washington, DC
Phil Mitchell Partner, New York
Rachel M. Burns Associate, San Francisco
Rose Legarda Senior Paralegal, Palo Alto
Ross Eberly Associate, Los Angeles
Sana Shakir Associate, New York
Sharon Connaughton Special Counsel, Washington, DC