Google Ventures contributes to Collective in $81m round

Oct 21, 2015 • Robert Lavine

Collective Health, the developer of a health insurance platform for enterprises, has now raised $119m and will expand out of California next year.

US-based health insurance software provider Collective Health raised $81m yesterday in a series C round backed by Google Ventures, the corporate venturing vehicle for internet and technology holding company Alphabet.

Venture capital firms New Enterprise Associates (NEA), Founders Fund, Maverick Capital, Redpoint Ventures and RRE Ventures also participated in the round.

Founded in 2013, Collective Health produces software that enables businesses to design and build their own employee health insurance plans, processing and adjudicating claims while securing medical, dental, vision…

LEADERSHIP SOCIETY

Informing, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.

Find out more

FUNDING ROUND DATA

Which corporates are backing which startups? Search our corporate deal database.

CVC DIRECTORY

Find details about global CVC units in the CVC Directory

SPECIAL REPORT

Bumpy road: Self-driving cars make a cautious comeback

Events

GCV Institute: CVC Investment Programs

Jan 28 -
Jan 29, 2025
Online

Find out more All events

Events

Is now the right time to invest in autonomous driving?

Feb 19, 2025
Online

Find out more All events

Events

GCV Institute: CVC Investment Programs

Mar 17 -
Mar 18, 2025
Palo Alto, CA (USA)

Find out more All events

Events

GCVI Summit 2025

Mar 18 -
Mar 20, 2025
Monterey, CA (USA)

Find out more All events

Events

GCV Institute: CVC Investment Programs

Apr 8 -
Apr 10, 2025
Online

Find out more All events

Events

GCV Institute: Landing the Value of Corporate Venturing

Apr 24 -
Jun 12, 2025
Online

Find out more All events

Events

GCV Symposium 2025

Jun 17 -
Jun 19, 2025
London (UK)

Find out more All events

About us

GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.