Cathay Innovation is a global venture capital firm, created in affiliation with Cathay Capital, investing in startups at the center of digital revolution across North America, Latin America, Europe, Asia and Africa. Its global platform unifies technology investment across continents, investors, entrepreneurs and leading corporations to accelerate startup growth with access to new markets, invaluable industry knowledge and introductions to potential partners from the start. As a multistage fund with over $1.5 billion assets under management and offices across San Francisco, New York, Paris, Shanghai, Beijing and Singapore, Cathay Innovation partners with visionary entrepreneurs and startups positively impacting the world through technology.  To learn more, please visit www.cathayinnovation.com or follow us on Twitter @Cathayinnov.

Cathay Innovation

Comcast Ventures is the venture capital affiliate of Comcast Corporation and partners with extraordinary entrepreneurs building transformative consumer and enterprise companies.

Comcast Ventures

GreatPoint Ventures is an early-stage venture capital firm investing between $250k and $20m into Seed, A, and B rounds. The firm was founded in San Francisco, California in 2015.

GreatPoint Ventures

Kauffman Fellows is a world-wide network of innovation investors who provide smart, connected capital to fuel entrepreneurial change.

Kauffman Fellows

Morpheus is a venture capital firm that invests in consumer to enterprise technologies including data analytics, machine learning, robotics, transportation, and SaaS. The firm was founded in 2016 and is headquartered in Los Angeles.

Morpheus Ventures

Drive Capital invests in innovative technology, healthcare, and consumer companies in the Midwest. The firm is looking for innovative entrepreneurs addressing big market opportunities. Its goal is to partner with entrepreneurs that have audacious goals and strive to build large sustainable companies. The firm seeks to invest in information technology, financial services, and mobile sectors. It was founded in 2012 and is headquartered in Columbus, Ohio.

Drive Capital

Menlo Ventures provides capital for multi-stage consumer, enterprise, and life sciences technology companies. Since 1976, the firm’s market-driven analysis has led to the identification of opportunities and successful investments in innovative markets. Notable areas of investment include Marketplaces (Uber, Rover.com, Poshmark); Consumer Services (Tumblr, Betterment, Roku, Siri); Dev/Ops (Harness, Edge Delta, Fire hydrant); SaaS (Carta, ScoutRFP, Qualia, Benchling, Everlaw); Fintech (Betterment, Bluevine, Chime); Cybersecurity (Cavium, IronPort, BitSight, Abnormal, StackRox); and Life Sciences Technology (Synthego, Cofactor Genomics, Recursion Pharmaceuticals, 3T Biosciences). Menlo’s portfolio includes more than 70 public companies, and more than 100 mergers and acquisitions, with $5 billion under management. The firm is currently investing in Menlo Ventures XV, a $500 million early-stage fund, as well as its $500 million Inflection Fund, which targets early-growth investments.

Menlo Ventures

Founded in 2001, Tiger Global Management, LLC (“Tiger Global”) is a New York-based investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation. Tiger Global’s public equity business includes fundamentally oriented long/short, long-focused and crossover strategies, targeting investments in high-quality, public growth companies. The private equity business invests in early through late stage companies that pursue innovative approaches to new and existing industries, building on over 20 years of experience investing in hundreds of businesses in more than 30 countries with more than 90 portfolio company IPOs. With a strong track record investing across sectors and stages, Tiger Global aims to be a thought partner to companies and their management teams across their lifecycle in public and private markets. The Firm’s mission is to generate world-class returns for its investors and to do so in a way that makes its employees, partners and portfolio companies proud.

Tiger Global Management

Alpha Edison is a venture capital firm that focuses on technology-driven innovation. The firm helps entrepreneurs to build a better world. Alpha Edison is an early-stage venture firm that partners with courageous entrepreneurs to build industry-changing technology platforms. It helps founders to create new markets, unlock latent demand, and scale businesses by sharing its research and expertise in business model innovation.

Alpha Edison

Bond is a venture capital firm that supports visionary founders of high-growth Internet companies throughout their life cycle of innovation and growth. The firm, a spinout of the Kleiner Perkins Digital Growth Fund, was launched in January 2019 and founded by Mary Meeker with Mood Rowghani, Noah Knauf.

Bond

Koch Disruptive Technologies (KDT), founded in November 2017 with a transformational spirit, originates and invests in promising entrepreneurs and technologies across industries to improve Koch Industries' existing businesses and create new opportunities. Based in Wichita, Kansas, Koch Industries is one of the largest private companies in America with estimated annual revenues as high as $100 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment and technologies; electronics; information systems; commodity trading; minerals; energy; glass; ranching; and investments. Since 2003, Koch Companies have invested more than $80 billion in acquisitions and other capital expenditures. With a presence in about 60 countries, Koch Companies employ more than 120,000 people worldwide, with about 70,000 of those in the United States. From January 2009 to the present, Koch Companies have earned more than 1,200 awards for safety, environmental excellence, community stewardship, innovation, and customer service.

Koch Disruptive Technologies

Duke University is a private research university in Durham, North Carolina. Home of the Blue Devils, Duke University has about 15,000 undergraduate and graduate students and a world-class faculty helping to expand the frontiers of knowledge. The university has a strong commitment to applying knowledge in service to society, both near its North Carolina campus and around the world.

Duke University

Marbruck is an open-ended venture capital group. Marbruck sources, invests, and provides ongoing guidance to early / growth stage technology companies. With no outside capital, Marbruck actively manages a diverse global portfolio of 30+ companies spanning Seed through to pre-listing. Marbruck leverages its intellectual capital, its network of partner investors, and its deep operational experience, to successfully navigate the highest-risk, highest-reward spectrum of investing.

Marbruck

Sidecar Health

Sidecar Health is an insurtech company that provides a personalized health insurance platform. Its platform offers customizable plans based on coverage needs and budget while being completely transparent about medical costs and payouts with comparable coverage and permits fast and easy transactions through a credit card to charge medical expenses upfront at the doctor's office and pharmacy of their choice, enabling consumers to get suitable and affordable health insurance plans.

<p><span>Sidecar Health is a transformative health insurance company providing medical coverage for employers. Its model eliminates the need for prior authorizations, referrals, and restrictive formularies, offering transparency into benefits and local pricing. Members know exactly how much their plan pays before receiving care and can choose any licensed provider without network restrictions.</span></p>

Managing employee health-related benefits

Health Benefits Platforms

Sidecar Health and ProMedica forge innovative agreement to improve health care access in Ohio

<p><span>Sidecar Health is a transformative health insurance company providing medical coverage for employers. Its model eliminates the need for prior authorizations, referrals, and restrictive formularies, offering transparency into benefits and local pricing. Members know exactly how much their plan pays before receiving care and can choose any licensed provider without network restrictions.</span></p><p><span>Sidecar Health operates on an instant-pay non-network model, enabling members to pay for care at the time of service using their Sidecar Health VISA benefit card. This facilitates immediate payment to providers, reducing administrative complexities. When members opt for providers charging less than their plan's benefit amount, Sidecar Health shares the savings with them.</span></p><p><br></p><p><b><strong>Key customers and partnerships</strong></b></p><p><span>In June 2024, the company partnered with Koch Disruptive Technologies to provide health coverage to a segment of the latter's workforce in 2025. Additionally, Sidecar has chosen Kosh as its design partner to develop insurance coverage options for large-scale employers. </span></p>

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    CoreStream is a developer of an employee health benefits platform that offers payroll deductions for the voluntary benefits marketplace.
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CoreStream

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    Benebay.com is an online self-insurance platform for smaller employers.
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Benebay

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    Benecaid is focused on the delivery and administration of employee benefit solutions to small and medium sized enterprises in Canada.
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Benecaid

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    Benepeak is a consulting firm that provides health benefits for employees using specialized applications according to users' interests.
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Benepeak

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    Marsh McLennan provides business insurance, employee benefits, retirement, and private client solutions.
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Marsh McLennan Agency

Enterprise platforms that help employees and their dependents receive primary or specialist care services as part of their health benefits. These platforms also provide access to Telehealth services, behavioral care services, and remote patient monitoring

Enterprise platforms that help employees better navigate their healthcare journey by identifying which healthcare services are covered under their benefits plan and how to best maximize their use (e.g. identifying a wider pool of suitable regional physicians for consultation)

Enterprise platforms that specialize in helping employees manage their pharmacy- and prescription-related benefits to refill prescriptions or dispense medication for in-store pickup or home delivery

Enterprise platforms that allow employers to directly manage and customize employee benefit plans. These platforms enable enterprises to present employees with multiple health benefits options across health plans and negotiate terms with third-party health administrator services and insurance providers

Platforms are offered using a B2B SaaS business model, enabling digital health

Platforms are offered on a B2B basis to help manage employee benefits across an enterprise

PROMINENT_CATEGORY

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 <p>InsurTech firm Sidecar Health has raised $165 million in a Series D funding round. The round was led by Koch Disruptive Technologies, among other investors. This investment takes Sidecar Health's total funding to $328 million.</p>
 <p>The funds will be used for Sidecar Health's commercial expansion, with a planned entry to the Florida market this year.&nbsp;</p>
 <p>Sidecar is also set to partner with Kosh in 2025 to offer health insurance to part of its workforce. They have also selected Kosh as a design partner to create insurance options for other large employers.&nbsp;</p>
 <p>California-based Sidecar Health provides personalised health insurance plans for employers. It stands out by allowing policyholders to directly pay for health services with a Sidecar Health Visa Benefit card, offering lower costs and unrestricted access to any physician without prior authorizations.</p>
 
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Sidecar Health

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