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Hello, tech lovers! Today, we’re diving into a fascinating story about a mortgage startup making big waves in the healthcare world. Buckle up for some interesting insights!
There’s a new hero in Medicare advisory services called Chapter. This startup, co-founded by former presidential hopeful Vivek Ramaswamy, just secured a hefty $75 million funding round. Thanks to backing from big names like private equity firm Stripes, the company is now valued at $1.5 billion. What makes Chapter stand out? It’s all about helping seniors pick the best Medicare plans by analyzing various healthcare options — doctors, hospitals, and drug coverage — prioritizing their clients over profit margins.
Chapter’s journey began with a Series A investment led by J.D. Vance’s VC firm, Naraya, in 2020. Notably, Peter Thiel, an investor and notable figure in the tech and venture space, joined the board when Vance stepped down to run for Senate. Although Thiel has since resigned, Donna Shalala, a seasoned healthcare expert and former Secretary of Health and Human Services, filled his seat. Shalala clarified that the company’s political associations weren’t a concern for her, emphasizing the focus on healthcare rather than politics.
In the mix of news, the startup’s mission resonates strongly: making Medicare choices simpler and more tailored to individual needs. The story also highlights the involvement of influential investors and some interesting shifts in board composition, showcasing how this startup combines technology, healthcare, and strategic investments to improve senior health management.
