Chapter, a Medicare advisory startup co-founded by Vivek Ramaswamy, recently raised $75 million in funding. This successful round lifts its valuation to a staggering $1.5 billion. The funding round was led by Stripes, a growth stage private equity and venture firm. This investment marks deep investor conviction behind Chapter’s novel approach to supporting seniors through their Medicare health plans.
We started Chapter originally in response to seniors’ increasingly complicated experiences with Medicare. They offer an especially detailed walk-through of medical care, hospital care, and prescription drug coverage. The startup prioritizes client needs over insurer profits, positioning itself as a trusted ally for those seeking guidance in choosing the right Medicare health plans. This emphasis on delivering client-centric services has attracted the attention of major investors and industry heavyweights.
Chapter’s journey began in 2020 when it secured initial funding through a Series A round led by Naraya, a venture capital firm founded by J.D. Vance. The company raised major investments from influential people like Peter Thiel. When Vance resigned in 2021 to run for a Senate seat, Thiel filled his board seat. His investment is representative of the increased movement towards these healthcare technology startups that want to make a positive difference in this broken, traditional system.
In 2021, after Vance’s departure from the board, former Miami congresswoman Donna Shalala was appointed to the vacancy. Shalala has deep credentials to bring to bear for Chapter. She was formerly Secretary of Health and Human Services under the Clinton administration and U.S. Congresswoman. Having her on board further deepens the credibility and expertise being brought to bear on the startup’s strategic direction.
Chapter’s recent financing round more than doubles its financial backing to date. It spotlights the increasing demand for services that improve the ease of healthcare for seniors. Dreamers and doers Chapter uses innovative technology and data analytics to keep clients informed. This helps them better serve and empower their clients to make informed decisions about their Medicare options.
The new startup’s promise to always put patients before profits will definitely help them stand out in an increasingly competitive field. More seniors than ever are falling prey to the increasing maze of options that is Medicare. Chapter is poised to lead them through their decisions and deliver voters the support they require.