Clover Health has raised $160 million in Series C funding. Greenoaks Capital led the round, with participation from existing investors Arena Ventures, First Round Capital, Sequoia Capital and Wildcat Ventures, as well as new investors AME Cloud Ventures, Casdin Capital, Floodgate, Nexus Ventures, Refactor Capital, Spark Capital also participated in the round. Clover says the company will use the financing to scale its technology and data science platforms, as well as expand into new markets.
Founded in 2012 by Vivek Garipalli and former Yammer head of engineering Kris Gale, Clover Health calls itself a software driven health insurance company, leveraging data analytics and technology to partner with providers to fill gaps in care and help drive clinical operations workflow.