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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.

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Related Contacts
Matthew Bartus  Partner San Francisco, Singapore, Palo Alto
Aaron Pomeroy  Partner Colorado
Adam Connolly  Partner San Francisco
Anders Fernstrom  Associate Reston
Austin Holt  Associate Los Angeles
Blake Martell  Partner San Francisco
Christopher Kimball  Partner Washington, DC
Christopher Hutter  Partner Reston
Cristina DeBiase  Associate Washington, DC
David Dalton  Associate San Francisco
Emily Iannarelli  Associate Palo Alto
Isabelle Mackesey  Associate Washington, DC
Joshua Singh  Associate Palo Alto
Judd Lauter  Associate New York
Kimberly Nguyen  Special Counsel Reston
Howard Morse  Partner Washington, DC
Mark Windfeld-Hansen  Senior Counsel Palo Alto
Patrick M. Stewart  Associate Colorado
Phil Mitchell  Partner New York
Rachel M. Burns  Associate San Francisco
Ross Eberly  Partner Los Angeles
Sharon Connaughton  Special Counsel Washington, DC