Healthtech Startup Clover picks up $130M
San Fran-based insurance startup Clover Health has raised $130 million at a valuation of $1.2 billion, bringing its total funding to date to $425 million. A unicorn. A unicorn that only operates in New Jersey. A unicorn that only operates in New Jersey, serving some 25K customers. Go figure. According to Bloomberg, Clover’s true focus is “mining patient medical data”. “We have people calling us up wanting to give us the results of their MRI scans,” said Chief Executive Officer Vivek Garipalli. “People want to share their data because they know it can help.” And clearly some want to give Clover their money.
Not everyone is a believer.
Bottom Line: this kind of Clover.
Recall 2017 insurance-related investments here.