What is Centivo?
Centivo operates as a sophisticated health plan administrator designed to bridge the gap between self-funded employers and the healthcare delivery system. By integrating a large provider network with advanced claims processing and population health management tools, the company offers a comprehensive solution that simplifies the complexities of modern health insurance. Its platform is engineered to provide transparency and cost-efficiency, addressing the systemic challenges faced by mid-sized and large enterprises in managing rising medical expenditures. Through its data-driven approach, Centivo empowers employers to offer high-quality, affordable care options to their workforce, effectively disrupting traditional insurance models.
How much funding has Centivo raised?
Centivo has raised a total of $226.4M across 6 funding rounds:
Angel/Seed
$2.4M
Series A
$34M
Series B
$34M
Unspecified
$51M
Corporate Investment
$30M
Debt
$75M
Angel/Seed (2017): $2.4M with participation from Maverick Ventures
Series A (2018): $34M, investors not publicly disclosed
Series B (2020): $34M supported by HarbourVest Partners LLC, B Capital Group, Nassau Street Ventures, and Define Ventures, LLC
Unspecified (2021): $51M featuring Define Ventures Management, Ingleside Investors, Maverick Ventures, Nassau Street Ventures, B Capital Group, F-Prime Capital Partners, HarbourVest, Bain Capital, Company Ventures, and Alumni Ventures
Corporate Investment (2022): $30M backed by Morgan Health
Debt (2024): $75M with participation from MemorialCare, Cone Health, and Morgan Health
Key Investors in Centivo
Morgan Health
A division of JPMorgan Chase focused on enhancing the quality, affordability, and equity of employer-sponsored health care in the United States through data-driven insights.
HarbourVest Partners LLC
A global private markets investment firm providing solutions through fund investing, secondary, and direct co-investments.
B Capital Group
A venture capital firm that empowers entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors.
What's next for Centivo?
With the infusion of recent capital, Centivo is well-positioned to deepen its penetration in the enterprise health market. The strategic focus will likely center on enhancing its digital health infrastructure and expanding its provider network to accommodate a growing client base. As the company matures, it is expected to leverage its data analytics capabilities to further refine its population health management offerings, ensuring that employers can navigate the evolving regulatory and economic environment of U.S. healthcare with greater precision and financial predictability.
See full Centivo company page
