Collective Health was founded in 2013 by Ali Diab, Kent Keirsey, and Rajaie Batniji. The company has not publicly endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Collective Health is a flexible health insurance platform that helps HR departments manage employee plans by integrating benefit data from across networks. As of 2021, the company reports that it serves 300,000 members from more than 55 companies including Activision Blizzard, Pinterest, Red Bull, Zendesk, and Palantir. The company has also entered into a partnership with HCSC, an insurance company with more than 16-million members. Collective Health has raised $720 million in venture capital funding from investors including DFJ Growth, Founders Fund, G Squared, Maverick Ventures, NEA, PFM Health Sciences, and SoftBank Vision Fund. A $280 million Series F round resulted in a $1.5 billion valuation.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/04/2021 | Series F | $280MM | $xx.xx | $1.53B | HCSC, DFJ Growth, Founders Fund, G Squared, Maverick Ventures, NEA, PFM Health Sciences, SoftBank, Sun Life Financial | |
Price per Share
$xx.xx
Shares Outstanding
372,340,426
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
HCSC, DFJ Growth, Founders Fund, G Squared, Maverick Ventures, NEA, PFM Health Sciences, SoftBank, Sun Life Financial
|
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06/17/2019 | Series E | $205MM | $xx.xx | $542.01MM | SoftBank, GV, Sun Life Financial, DFJ Growth, Maverick Ventures, Founders Fund, NEA, G Squared, Public Sector Pension Investment Board, Mubadala Development Company | |
Price per Share
$xx.xx
Shares Outstanding
564,178,776
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
SoftBank, GV, Sun Life Financial, DFJ Growth, Maverick Ventures, Founders Fund, NEA, G Squared, Public Sector Pension Investment Board, Mubadala Development Company
|
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02/27/2018 | Series D | $79.7MM | $xx.xx | $597.08MM | GV, Sun Life Financial, Mubadala Ventures, NEA, Founders Fund, Green Bay Ventures , Maverick Ventures | |
Price per Share
$xx.xx
Shares Outstanding
88,781,938
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.4x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GV, Sun Life Financial, Mubadala Ventures, NEA, Founders Fund, Green Bay Ventures , Maverick Ventures
|
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02/27/2018 | Series C-1 | $30MM | $xx.xx | $597.08MM | GV, Sun Life Financial, Mubadala Ventures, NEA, Founders Fund, Green Bay Ventures , Maverick Ventures | |
Price per Share
$xx.xx
Shares Outstanding
34,969,105
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.4x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GV, Sun Life Financial, Mubadala Ventures, NEA, Founders Fund, Green Bay Ventures , Maverick Ventures
|
||||||
10/20/2015 | Series C | $81.09MM | $xx.xx | $380.65MM | GV, Founders Fund, New Enterprise Associates, Redpoint Ventures, RRE Ventures, Spectrum 28, Western Technology Investment, Maverick Ventures | |
Price per Share
$xx.xx
Shares Outstanding
104,105,712
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.3x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GV, Founders Fund, New Enterprise Associates, Redpoint Ventures, RRE Ventures, Spectrum 28, Western Technology Investment, Maverick Ventures
|
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10/08/2015 | Series B | $31.5MM | $xx.xx | $106.81MM | Founders Fund, NEA. Formation 8, Redpoint Ventures, RRE Ventures, Subtraction Capital, Rock Health | |
Price per Share
$xx.xx
Shares Outstanding
104,724,240
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Founders Fund, NEA. Formation 8, Redpoint Ventures, RRE Ventures, Subtraction Capital, Rock Health
|
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08/12/2014 | Series A | $6MM | $xx.xx | $106.81MM | Founders Fund, NEA. Formation 8, Redpoint Ventures, RRE Ventures, Subtraction Capital, Rock Health | |
Price per Share
$xx.xx
Shares Outstanding
72,826,280
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Founders Fund, NEA. Formation 8, Redpoint Ventures, RRE Ventures, Subtraction Capital, Rock Health
|