Devoted Health

Medicare Advantage health plans for older Americans, combining insurance coverage with care coordination supported by the company's own technology. It reported more than 466,000 members across 29 states in January 2026.

Health & biotechMedicare Advantage health insuranceWaltham, United States
FoundersSince 2017
Valuation
$16B
Total raised
$2.6B
Last round · Jan 2026
Series F
Founded
2017
Employees
2,562
Quarters in VP50
13

Valuation

$1B$10B20192020202120222023$13B
Devoted Health priced rounds
RoundDatePost-money valuationRaisedLed by
Series BOct 16, 2018$1.8B$300MAndreessen Horowitz
Series DOct 8, 2021$13B$1.1BSoftBank Vision Fund 2 and Uprising
Series EDec 29, 2023$13B$175MFearless Ventures, GIC, Highbury Holdings, Maverick Ventures, Stardust Equity, and The Space Between (TSB)
Post-money valuation at each priced round. Log scale.Hover a point for the round

Updated

In VP50

  1. Q4 2023: #38
  2. Q1 2024: #34
  3. Q2 2024: #40
  4. Q3 2024: #38
  5. Q4 2024: #35
  6. Q1 2025: #35
  7. Q2 2025: #40
  8. Q3 2025: no place
  9. Q4 2025: no place
  10. Q1 2026: #47
  11. Q2 2026: #49
  12. Q3 2026: no place
  13. Q4 2026: no place

Place by quarter since Q4 2023. Best place #34.

Funding rounds

DateRound · leadRaisedValuation
Jan 30, 2026Series F · Centricus, The Space Between (TSB)$48M—
Jan 30, 2026Series F-Prime · Centricus, The Space Between (TSB)$317M—
Aug 2, 2024Series E extension$112M—
Dec 29, 2023Series E · Fearless Ventures, GIC, Highbury Holdings, Maverick Ventures, Stardust Equity, The Space Between (TSB)$175M$13B
Oct 8, 2021Series D · SoftBank Vision Fund 2, Uprising$1.1B$13B
Oct 16, 2018Series B · Andreessen Horowitz$300M$1.8B
Oct 20, 2017Series A · Venrock$62M—
2017Seed——

Team

Devoted Health | Venture Place