Devoted Health - About the company
Devoted Health is a series G 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 $3.82B in funding from investors like Obvious Ventures, F-Prime Capital and Maverick Ventures, with a current valuation of $25B. The company has 298 active competitors, including 42 funded and 28 that have exited. Its top competitors include companies like Oscar, Alan and Navi.
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 G
Total Funding
$3.82B in 10 rounds
Latest Funding Round
Post Money Valuation
$25B as on Aug 22, 2026
Investors
Ranked
10th among 298 active competitors
Employee Count
2,394 as on Sep 30, 2026
Legal entities associated with Devoted Health
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) | - |
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Devoted Health's funding and investors
Devoted Health has raised a total funding of $3.82B over 10 rounds. Its first funding round was on Aug 22, 2017. Devoted Health has 46 institutional investors.
Here is the list of recent funding rounds of Devoted Health:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 01, 2026 | $1.2B | Series G | - | - | - | - |
Jan 30, 2026 | $317M | Series F | $16.3B | - | 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 | - | - | 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 |
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Devoted Health's founders and board of directors
Founder? Claim ProfileThe 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 |
|---|---|---|---|---|
Independent board member | - | Current | 8y 10m | |
Independent board member | - | Current | 8y 10m | |
Independent board member | - | Current | 8y 10m | |
Independent board member | - | Current | 8y 10m | |
Independent board member | - | Current | 8y 10m | |
Independent board member | - | Current | 8y 10m |
View details of Devoted Health's Founder profiles and Board Members
Devoted Health's employee count trend
Devoted Health has 2,394 employees as of Sep 26. Here is Devoted Health's employee count trend over the years:
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Devoted Health's Competitors and alternates
Top competitors of Devoted Health include Oscar, Alan and Navi. Here is the list of Top 10 competitors of Devoted Health, ranked by Tracxn score:
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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 | 81/100 | |
2nd | Platform offering health insurance, preventative care, and related well-being services | $863M | 81/100 | ||
3rd | Provider of financial products including UPI, loans, insurance, and mutual funds | $545M | 73/100 | ||
4th | Provider of health insurance plans with outpatient and hospitalization coverage | $72.7M | 71/100 | ||
5th |  Angle 2019, San Francisco (United States), Series B | Provider of technology-enabled health insurance plans for employers and employees | $196M | 71/100 | |
6th | Provider of multiple healthcare services for individuals and organizations | - | - | 70/100 | |
7th | Anthem 1992, Indianapolis (United States), Public | Provider of health benefits management software for patients and enterprises | - | 70/100 | |
8th | Clover Health 2014, Jersey City (United States), Series E | Provider of medicare advantage plans and related services | $938M | 69/100 | |
9th | Sidecar Health 2018, El Segundo (United States), Series D | Online health insurance platform for individuals and businesses | $328M | 69/100 | |
10th | Devoted Health 2017, Eagan (United States), Series G | Provider of healthcare insurance plans for individuals | $3.82B | 70/100 |
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Devoted Health's Investments and acquisitions
Devoted Health has made no investments or acquisitions yet.
Reports related to Devoted Health
Here is the latest report on Devoted Health's sector:
News related to Devoted Health
Filter this listMedia has covered Devoted Health for 1 event in last 1 year.
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Devoted Health Grows to Improve the Health and Well-Being of More AmericansDevoted Health•Jan 30, 2026•Devoted Health, The Private Shares Fund, NextView Ventures, Emerson Collective and 13 others
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Hazel Health appoints new COO and three new board members.PR Newswire•Feb 19, 2025•Hazel, Oscar, Devoted Health, Cityblock and 1 other
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Devoted Health Named to U.S. News & World Report’s “Best Insurance Companies for Medicare Advantage in 2025”Business Wire•Oct 26, 2024•Devoted Health
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Devoted Health raised $112 million to expand its insurance marketsAgetech News•Aug 27, 2024•Devoted Health
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Devoted Health raises $112M, plots insurance markets expansionEndPoints News•Aug 02, 2024•Devoted Health
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Devoted Health raised $175 million to expand its health plan offerings and improve its technological capabilitiesAgetech News•Feb 05, 2024•Devoted Health
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Devoted Health Raises $175M, to Expand Home Health OfferingsHomecaremag•Jan 05, 2024•Devoted Health, The Space Between, Highbury, GIC and 16 others
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Devoted Health Achieves 5 out of 5 Medicare Advantage Star Rating for Florida and Ohio HMO PlansInsuranceNewsNet•Oct 16, 2023•Devoted Health
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