Chapter raises $42 million
New York-based medicare advisor Chapter Medicare has raised $42 million in a Series B funding round led by Addition with participation from Narya Capital, Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core InnovationCapital, and Health2047 Capital Partners. To date, Chapter has raised over $61 million.
Founded in 2020, the 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.
“Before Chapter, those navigating Medicare faced two bad options: work with a traditional broker, or try to navigate the maze alone. Traditional brokers recommend only plans that pay them commissions and are not required to do what’s best for their clients. And the resources available to individual consumers provide incomplete and often incorrect recommendations. Even Medicare.gov fails to take doctors into account and provides suboptimal guidance. We’re thrilled to accelerate our ability to serve even more Americans with the support of this funding.” – Chapter’s CEO, Cobi Blumenfeld-Gantz.
“Chapter is committed to ensuring that those navigating Medicare choose the best options by taking a consumer-first approach and emphasizing greater choice and clarity. We look forward to supporting the Chapter team as they continue to minimize the complexities of Medicare and provide personalized experiences for older Americans seeking the right coverage.” – Jason Schneider of Addition..