Devoted Health is raising a new round of funding at a $25 billion valuation
Devoted Health, co-founded by Ed and Todd Park, is raising a round that might value it at $25B, spotlighting the booming Medicare Advantage sector.
Healthcare startup Devoted Health is raising a new round of funding, potentially valuing the company at $25 billion. Founded by brothers and former healthcare executives Ed and Todd Park, Devoted Health is a Medicare Advantage startup that combines health insurance and medical care for elderly individuals enrolled in the Medicare Advantage market.
The company's AI tool, Orinoco, helps coordinate medical care for its members. Ed Park previously served as COO at athenahealth, while Todd Park was the chief technology officer in the Obama administration. The company's latest round of funding could be a reflection of growing investor enthusiasm for healthcare companies utilizing AI to improve patient care and the economics of medicine.
Medicare Advantage, a private alternative to traditional Medicare, has experienced rapid growth in recent years, attracting both established insurers and venture-backed startups. Devoted Health has 466,000 members as of January 2026, a 121% year-over-year increase. Its investors include Andreessen Horowitz, General Catalyst, Iconiq, and Emerson Collective.
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