Sidecar Health Raises $125 Million to Scale “Cash Price” Health Insurance Offering
(WorldNews Health)

LOS ANGELES--(BUSINESS WIRE)--Jan 26, 2021-- Health insurtech company Sidecar Health today announced it has raised $125 million in its Series C funding round at a valuation of $1 billion. The company utilizes a “cash price” model that enables members to pay lower “self-pay” or “cash” prices to their healthcare providers rather than the higher rates negotiated by insurance companies. The investment will further accelerate the company`s growth as well as fund the launch of a new Affordable Care Act offering for federal and state exchanges. The round was led by Drive Capital and joined by new investors BOND, Tiger Global and Menlo Ventures along with existing investors Cathay Innovation and...