Google Joins $81 Million Funding Round of Health Benefit Startup
- Collective Health working with insurer Anthem to expand
- Other venture-capital investors include NEA, Founders Fund
This article is for subscribers only.
Collective Health Inc., a startup that helps employers provide health insurance for their workers, raised $81 million as the firm takes its technology nationwide.
Google Ventures invested in Collective Health for the first time, and New Enterprise Associates and Founders Fund also participated in the Series C fundraising round, bringing the total amount the firm has raised to $119 million, Collective Health said in a statement. The company is partnering with Anthem Inc. and other health insurers to use their hospital and doctor networks for customers across the U.S.