Collective Health is a startup that works on enterprise employee healthcare management. The company recently raised a round of funding where SoftBank has released $205 million. The series E round has brought the total value of Collect Health to $434 million.
Founded in 2013, Collective Health has come a long way since. Today it has large companies like Zendesk, Pinterest, and Red Bull as its clients. With the fresh round of funding, Collective Health hopes to get more financial support from companies like Sun Life, GV, DFJ, and others. Collective Health is an integrating platform for the various insurance and benefits providers that large employers offer to their employees.
Collective Health also provides support for providers to ease their access to information, aid with claims filing, eligibility checks and, data sharing across vendors. The funding from SoftBank will give Collective Health the boost to hire more engineering help to keep the platform extending.
Apart from this, the startup will also increase the number of partner providers to keep climbing its growth ladder. The aim that collective Health has in mind to keep expanding so that it can serve more and more customers and employees in the US.