Clover Health Investments, Corp. announced that it has received $400 million in funding from a group of investors
January 06, 2021
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On January 7, 2021, Clover Health Investments, Corp. closed the transaction. The transaction included participation from Chamath Palihapitiya through ChaChaCha SPAC C LLC for $100,000,000, Ian Osborne through Hedosophia Public Investments Limited for $50,000,000, Jacqueline D. Reses for $2,000,000, and Fidelity Management & Research Company LLC for $25,000,000.
Clover Health Investments, Corp. is a physician enablement company. The Company is focused on seniors who have historically lacked access to affordable healthcare. It offers a software platform, Clover Assistant, which is designed to aggregate patient data from across the health ecosystem to support clinical decision-making and improve health outcomes. The Company operates under two segments: Insurance and Non-Insurance. Through its Insurance segment, it provides Preferred Provider Organization (PPO) and Health Maintenance Organization (HMO) plans to Medicare Advantage (MA) members in several states. The Company's Non-Insurance segment consists of operations in connection with its participation in the Direct Contracting program. The Companyâs subsidiaries include Clover Health Labs, LLC, Medical Service Professionals of NJ LLC, Clover HMO of New Jersey Inc., Clover Health Holdings, Inc. and Clover Health Partners, LLC.
CLOVER HEALTH INVESTMENTS, CORP. 
