For the 60M+ Americans that are eligible for Medicare, navigating the 24,000+ options available is a difficult and arduous process without help. The open enrollment period also places a time constraint for selecting a plan to meet an insured planned coverage needs. Chapter is a Medicare advisory platform that uses a blend of technology and a trained team of advisors to decipher all plans at a microscopic level, ensuring that members are able to enroll in the plans that are best suited for their needs based on cost and coverage. Typically, Medicare advisors are incentivized by insurance companies to enroll members and naturally, these advisors steer members towards plans that offer the best compensation; often creating a misalignment. Chapter’s advisors are all full-time employees that are not compensated directly based on commissions. Combining this dynamic with plan data that Chapter’s technology generates, members are confident that are receiving unbiased and impartial recommendations. AlleyWatch caught up with Chapter CEO and Cofounder Cobi Blumenfeld-Gantz to learn more about how Chapter eliminates confusion for the millions signing up for coverage through Medicare annually, the company’s strategic plans, latest round of funding from investors that include Addition, Lee Fixel, Narya Capital, Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Health2047 Capital Partners.
Narya Capital
The Weekly Notable Startup Funding Report: 11/8/21
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 11/6/21 featuring funding details for Hone, Lever, Papa, Reltio, and twenty-four other rounds that you need to know about.
Chapter Raises $17M to Allow Americans to Navigate the Endless Medicare Plan Options
The open enrollment period for Medicare started on Friday, October 15th and will continue through early December. For the 60M+ Americans, this is a critial period where they can make changes to and add/drop coverage. For most Americans, navigating the 24,000+ options available is a difficult and arduous process without help. Chapter is a Medicare advisory platform that uses a blend of technology and a trained team of advisors to decipher all plans at a microscopic level, ensuring that members are able to enroll in the plans that are best suited for their needs based on cost and coverage. Typically, Medicare advisors are incentivized by insurance companies to enroll members and naturally, these advisors steer members towards plans that offer the best compensation; often creating a misalignment. Chapter’s advisors are all full-time employees that are not compensated directly based on commissions. Combining this dynamic with plan data that Chapter’s technology generates, members are confident that are receiving unbiased and impartial recommendations. AlleyWatch caught up with Chapter CEO and Cofounder Cobi Blumenfeld-Gantz to learn more about the inspiration for the business, the company’s future plans, and latest round of funding from Narya Capital, Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Health2047 Capital Partners.
#NYCtech Week in Review: 9/19/21 – 9/25/21
20 new startup deals totaling $660M+ in new funding for NYC startups last week. NYC Tech News for the week ending 9/25 featuring news for Broker Genius, Chapter, Dash, and much, much more.
The AlleyWatch Startup Daily Funding Report: 9/21/2021
$130M in new funding! The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 9/21/2021 featuring funding details for Pager, Bilt Rewards, and much more.