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Health tech company Collective Health raises $205 million

Healthcare

CIO Bulletin
2019-06-18

San Francisco based healthcare company, Collective Health has raised $205 million in the new round of funding. The round was led by Softbank Vision Fund. The Series E funding round brings its total funding up to $434 million since the company’s establishment in 2013.

The company that focuses on employee healthcare management raised an impressive $110 million last year. The new funding will help the company accelerate the adoption of its healthcare platform in the U.S. The company plans to use the funding to build up its capabilities to solve service issues that affect many across the U.S.

Collective Health’s CEO Ali Diab was highly appreciative of the investors in his statement and welcomed Softbank Vision Fund to the fold. He said: “We’re excited to have the SoftBank Vision Fund lead the round given their proven track record of supporting category-defining companies, and they share our vision for a better healthcare experience. Whether working with more networks or helping facilitate direct relationships between employers and provider systems, we will continue to set the standard for the industry with a focus on the customer, providing the healthcare experience we all deserve.”