Another startup in stealth mode

Minneapolis-based Bright Health has raised $46.5 million of a venture capital financing that is designed to raise a total of $81.5 million. The overall company is designed to provide ‘consumer-focused health plans’, with the first customers to be signed up for the 2017 plan year. And bright it is.

Investments

Bright Health raises $750 million

By Gabriella Ben-Hutta ·

Under the terms of the investment, Cigna and NEA will purchase, in aggregate, $750 million of convertible perpetual preferred stock, with a purchase price of $1,000 per share.

Financials

Bright Health announces launch of IPO

By Gabriella Ben-Hutta ·

The initial public offering price is expected to be between $20.00 and $23.00 per share.

Investments

Bright Health raises $500 million Series E

By Shefi Ben-Hutta ·

The funding round marks the first equity investment in the Company by Tiger Global Management, T. Rowe Price Associates and Blackstone.

Strategy

Bright Health to acquire Brand New Day

By Isaac Ben-Hutta ·

Bright Health, a diversified consumer-focused healthcare company, announced it has signed an agreement to acquire California-based Brand New Day. The transaction...

Another startup in stealth mode

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Bright Health raises $750 million

Bright Health announces launch of IPO

Bright Health raises $500 million Series E

Bright Health to acquire Brand New Day