Chapter raises $17 million

Chapter Medicare, the “technology-driven Medicare Advisor,” has raised a $17 million Series A financing round. The investment was led by Narya Capital with participation from Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Health2047 Capital Partners. Peter Thiel has also joined the company’s board of directors.

Founded in 2020, the NY-based startup promises seniors “better choices and clarity at a better cost.” Chapter claims that it goes through every Medicare option nationwide at an “unprecedented level of detail,” and that its advisory team earns identical compensation regardless of the selected plan or carrier, ensuring that each member receives recommendations tailored solely for their needs.

Chapter has also partnered with Palantir Technologies to accelerate the development of the “most comprehensive Medicare data platform.”

“Most Americans navigate Medicare alone or unintentionally use resources that limit their options. Medicare coverage is too important to get wrong: signing up too late can result in lifetime penalties. Furthermore, plans have such significant differences in benefits and premiums that it’s critical to search every single option. Unlike traditional resources, Chapter searches every plan at a unique level of granularity. As a result, we help our members save thousands of dollars so they can retire on their own terms.” – Chapter’s CEO, Cobi Blumenfeld-Gantz.