SoftBank Vision Fund Leads $205 Million Round for Collective Health
Palo Alto – July 2, 2019 – Cooley advised SoftBank Vision Fund on leading a $205 million funding round for Collective Health. Partners Matthew Bartus, who co-chairs Cooley’s global emerging companies and venture capital practice, and Bradley Libuit led the team advising SoftBank Vision Fund on the investment.
“With US healthcare costs at $3.65 trillion in 2018, Collective Health is reinventing the healthcare experience for companies and their employees,” said Deep Nishar, senior managing partner at SoftBank Investment Advisors, in a news release. “Their innovative business model and technology platform are not only helping employers understand and optimize their healthcare spend, they are also providing employees with a better healthcare experience. The company has continued to scale its business across US employers, and we are excited to help them drive further innovation and adoption in the approximately $1.2 trillion employer health insurance industry.”
Collective Health simplifies employer healthcare with an integrated technology solution that makes health insurance work for everyone. With more than 200,000 members and over 45 enterprise clients, including Driscoll’s, Pinterest, Red Bull, Restoration Hardware, Zendesk and more, Collective Health is reinventing the healthcare experience for forward-thinking employers and their people across the US.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 1,000+ lawyers across 15 offices in the United States, Asia and Europe.
This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.