When was Devoted Health founded?

Devoted Health was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is Devoted Health located?

Devoted Health is headquartered in Eagan, United States. It is registered at Waltham, Massachusetts.

Who is the current CEO of Devoted Health?

Ed Park and Suad Hashi s of Devoted Health. Ed Park has also founded 1 company and is angel investors in 2 startups.

How many employees does Devoted Health have?

As of Jun 30, 2026, the latest employee count at Devoted Health is 2207.

Is Devoted Health a funded company?

Devoted Health is a funded company, having raised a total of $2.62B across 9 funding rounds to date. The company's 1st funding round was a $7M Seed round, raised on Aug 22, 2017.

How much is Devoted Health worth?

The latest valuation of Devoted Health is $12.6B as of Oct 08, 2021.

When was the latest funding round of Devoted Health?

Devoted Health's latest funding was a $317M Series F round on Jan 30, 2026, with participation from 18 investors.

Is Devoted Health a Insurance Distribution company?

The primary sectors of Devoted Health are Insurance Distribution, Internet First Insurance Platforms and Healthcare Payer Tech.

Where does Devoted Health rank among its competitors?

Devoted Health ranks 6th amongst 147 active competitors, of which 21 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Devoted Health, which secured $317M in Jan, 2026.

Who are the top competitors of Devoted Health?

Devoted Health's top competitors include Oscar, Angle and Anthem. Among them, Devoted Health secured the most recent funding round in January, 2026.

Devoted Health - 2026 Company Profile, Team, Funding & Competitors

Devoted Health is a series F company based in Eagan (United States), founded in 2017 by Ed Park and Valerie Carpin. It operates as a Provider of healthcare insurance plans for individuals. Devoted Health has raised $2.62B in funding from investors like Obvious Ventures, F-Prime Capital and Maverick Ventures, with a current valuation of $12.6B. The company has 147 active competitors, including 21 funded and 21 that have exited. Its top competitors include companies like Oscar, Angle and Anthem.

Sectors and market segments that Devoted Health operate in

Devoted Health serves in the Financial Services, FinTech, InsurTech, HealthTech market segments.The primary business model of Devoted Health are:

Company Details

Provider of healthcare insurance plans for individuals. It offers medicare plans and insurance benefits for various healthcare services with benefits and savings, including dental and over-the-counter benefits. It also offers plans for doctor visit, dental and vision protection, hospitals treatment coverage, and more. Also offers insurance comparison guide devoted to health.

Website: devoted.com
Social
Phone Number: +1 **********
Registered Address: Waltham, Massachusetts

Key Metrics

Founded Year

2017

Location

Eagan, United States

Stage

Series F

Total Funding

$2.62B in 9 rounds

Latest Funding Round

Series F, Jan 30, 2026, $317M

Post Money Valuation

$12.6B as on Oct 08, 2021

Investors

Obvious Ventures & 45 more

Ranked

6^th among 147 active competitors

Employee Count

2,207 as on Jun 30, 2026

Similar Companies

Oscar & 201 more

View Devoted Health's full profile

Devoted Health is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DEVOTED HEALTH INC CIN: 6358097 , United States, Active	Mar 28, 2017	-	1841 (As on Dec 31, 2022)	-
DEVOTED HEALTH INC. CIN: 821023772 , United States, Active	Dec 26, 999	-	2593 (As on Dec 31, 2024)	-

Devoted Health has raised a total funding of $2.62B over 9 rounds. Its first funding round was on Aug 22, 2017. Its latest funding round was a Series F round on Jan 30, 2026 for $317M. 18 investors participated in its latest round. Devoted Health has 46 institutional investors.

Here is the list of recent funding rounds of Devoted Health:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 30, 2026	$317M	Series F	-	-	Centricus	Google Ventures, Morgan Health, Franklin Venture Partners, VanEck, MIG Capital, Cox Enterprises, Premji Invest, The Private Shares Fund, NextView Ventures, Highbury Group, Emerson Collective, Andreessen Horowitz, Bronze Venture Fund, Stardust, General Catalyst, Frist Cressey Ventures, Fearless Ventures
Nov 2025	$48M	Series F	-	-	Centricus	Google Ventures, Morgan Health, Franklin Venture Partners, VanEck, MIG Capital, Cox Enterprises, Premji Invest, The Private Shares Fund, NextView Ventures, Highbury Group, Emerson Collective, Andreessen Horowitz, Bronze Venture Fund, Stardust, General Catalyst, Frist Cressey Ventures, Fearless Ventures
Aug 02, 2024	$112M	Series E	-	-	Cox Enterprises, White Road Investments	-

Access funding benchmarks and valuations. Sign up today!

View details of Devoted Health's funding rounds and investors

The founders of Devoted Health are Ed Park and Valerie Carpin. Ed Park and Suad Hashi are the CEOs of Devoted Health.

Here are the details of Devoted Health's key team members:

Ed Park: Co-Founder & Co-CEO of Devoted Health. They are also an angel investor in 2 startups.
Valerie Carpin: Former ecutive Personal Assistant to Founder & CEO (Administrative Services & Facilities Manager) of Devoted Health.
Suad Hashi: Co-CEO of Devoted Health.

Devoted Health's Board of Directors

Devoted Health's board has 6 active members. Edward Park, Bryan Roberts, Robert Kocher, Todd Park, William Frist and Kathleen Sebelius are independent board members.

Here is the list of Devoted Health's board of directors:

Name	Type	Representing	Status	Duration
Edward Park	Independent board member	-	Current	8y 8m
Bryan Roberts	Independent board member	-	Current	8y 8m
Robert Kocher	Independent board member	-	Current	8y 8m
Todd Park	Independent board member	-	Current	8y 8m
William Frist	Independent board member	-	Current	8y 8m
Kathleen Sebelius	Independent board member	-	Current	8y 8m

View details of Devoted Health's Founder profiles and Board Members

Devoted Health's employee count trend

Devoted Health has 2,207 employees as of Jun 26. Here is Devoted Health's employee count trend over the years:

Uncover Devoted Health's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Devoted Health include Oscar, Angle and Anthem. Here is the list of Top 10 competitors of Devoted Health, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oscar 2012, New York City (United States), Public	Provider of health insurance plans offering virtual and in-person medical care	$1.63B	Founders Fund, Fidelity Investments & 47 others	81/100
2nd	Angle 2019, San Francisco (United States), Series B	Provider of technology-enabled health insurance plans for employers and employees	$196M	Portage, Blumberg Capital & 18 others	71/100
3rd	Anthem 1992, Indianapolis (United States), Public	Provider of health benefits management software for patients and enterprises	-	JANA Partners, Athyrium Capital Management ... & 4 others	70/100
4th	Clover Health 2014, Jersey City (United States), Series E	Provider of medicare advantage plans and related services	$938M	Greenoaks, Sequoia Capital & 38 others	69/100
5th	Sidecar Health 2018, El Segundo (United States), Series D	Online health insurance platform for individuals and businesses	$328M	Cathay Innovation, GreatPoint Ventures & 18 others	69/100
6th	Devoted Health 2017, Eagan (United States), Series F	Provider of healthcare insurance plans for individuals	$2.62B	GIC, Maverick Ventures & 44 others	68/100
7th	Elevance Health 2004, Indianapolis (United States), Acquired	Internet first health insurance provider offering healthcare plans	-	Triodos Investment Management	63/100
8th	Future Family 2001, San Francisco (United States), Series B	Provider of fertility financing, coaching, and support services	$45.4M	Mindset Ventures, Triventures & 30 others	61/100
9th	Alignment Health 2013, Orange (United States), Public	Provider of health insurance services	$375M	Fidelity Investments, General Atlantic & 5 others	59/100
10th	Ansel 2019, New York City (United States), Acquired	Health insurance plans for individuals and employers	$70.7M	Two Sigma Ventures, Digitalis Ventures & 16 others	59/100