What is Centivo?
Centivo operates as a comprehensive health plan administrator, offering a robust network, efficient claims processing, and advanced population health management solutions to self-funded employers and their employees. The company aims to streamline healthcare access and improve outcomes by bridging the gap between employers seeking cost-effective benefits and employees needing quality care.
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, Alumni Ventures, B Capital Group, Nassau Street Ventures, F-Prime Capital Partners, HarbourVest Partners, Bain Capital, and Company 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
Define Ventures Management
Define Ventures is an early-stage venture capital firm specializing in digital health companies, headquartered in San Francisco, California.
Maverick Ventures
Maverick Ventures Israel is a venture capital firm focused on supporting technology start-ups with investment and operational guidance, particularly in sectors like AI, healthcare, and cybersecurity.
B Capital Group
B Capital is a venture capital firm that invests in early and late-stage companies across Technology, Healthcare, and Climate sectors, aiming to empower entrepreneurs globally.
What's next for Centivo?
The recent major strategic investment in Centivo signals a pivotal phase for the company, likely enabling expansion of its network, enhancement of its technological infrastructure, and broader market penetration. This capital infusion is expected to fuel further innovation in value-based care models and solidify Centivo's position as a key player in reshaping employer-sponsored healthcare.
See full Centivo company page
