Chapter Revolutionizes Medicare Navigation with $50M Series C Funding

May 21, 2024, 3:34 pm
Chapter
Chapter
BrokerFinTechHealthTechInsurTechLearnLEDMedTechPersonalSearchTechnology
Location: United States, New York
Employees: 51-200
Founded date: 2020
Total raised: $67M
Chapter, a NYC-based medicare navigation platform, secured a whopping $50 million in Series C funding, led by XYZ Venture Capital and backed by Narya Capital, Addition, Susa Ventures, and Maverick Ventures. This injection of capital will fuel the company's mission to revolutionize the way consumers access and choose their Medicare coverage.

Under the leadership of CEO Cobi Blumenfeld-Gantz, Chapter stands out as a beacon of unbiased guidance in the murky waters of Medicare selection. By aligning incentives between advisors and consumers, Chapter ensures that individuals receive tailored recommendations free from economic bias. Their proprietary technology platform enables them to provide top-notch guidance at scale, catering to both individual members and organizations supporting seniors.

In a landscape marred by unwanted calls and data selling, Chapter's advocacy for consumer protection has not gone unnoticed. Their efforts have led to significant regulatory changes, including the prohibition of lead-generation websites from selling consumer data to multiple buyers. This move aims to reduce harassment and streamline the Medicare selection process for America's seniors.

With a focus on growth and efficiency, Chapter has forged partnerships with leading financial institutions, health systems, and content publishers. Their year-over-year growth surpasses industry standards, positioning them as a frontrunner in the Medicare navigation space. By influencing regulators and industry leaders, Chapter is shaping the future of Medicare delivery.

In addition to their funding milestone, Chapter has unveiled an innovative Over The Counter (OTC) product, simplifying the redemption of OTC benefits for consumers. This user-friendly feature reflects Chapter's commitment to enhancing the Medicare experience for all users.

As CEO Cobi Blumenfeld-Gantz aptly puts it, "Chapter brings a fiduciary approach to Medicare guidance and advocates for policies that protect consumers." With a focus on delivering value and empowering consumers, Chapter is poised to lead the charge in transforming the Medicare industry for the better.