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Chapter raises USD 50 million in Series C funding; launches 'Over The Counter' offering
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May 14, 2024

Chapter raises USD 50 million in Series C funding; launches 'Over The Counter' offering

Product updates
Funding

  • Medicare navigation platform Chapter has raised USD 50 million in a Series C funding round led by XYZ Venture Capital, with participation from other venture capital firms. This brings the total funds raised to USD 109 million.

  • The raised capital will be used for product development and hiring initiatives.

  • Additionally, Chapter also announced the launch of its Over The Counter (OTC) offering, which allows users to redeem OTC benefits from their Medicare plans. Through the platform and app, users can enter their details and scan their health plan cards to receive benefits associated with their insurance plans, including over-the-counter medications, supplements, health accessories, and other daily use items. The platform is free for Medicare plan members to use.

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