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Funding
Partnerships
Sidecar Health raises USD 165 million in Series D funding to fuel expansion; partners with Kosh
Health Benefits Platforms
Jun 26, 2024
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Health Benefits Platforms

Health Benefits Platforms

Jun 26, 2024

Sidecar Health raises USD 165 million in Series D funding to fuel expansion; partners with Kosh

Funding
Partnerships

  • Employee-focused health plan provider Sidecar Health has raised USD 165 million in a Series D funding round led by venture capital firm Koch Disruptive Technologies and participating investors. This brings the company's total funds raised to USD 328 million.

  • The financing secured will fuel Sidecar Health's commercial expansion, including its entry into the Florida market this year. 

  • As part of the fundraiser, Sidecar is partnering with Kosh 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. 

  • Based in California, Sidecar Health is an InsurTech and health benefits provider that offers personalized health insurance plans for employers to offer their employees. The company differentiates itself by allowing members to pay for healthcare services directly using a Sidecar Health Visa Benefit card, giving them access to lower cash prices and the ability to see any doctor without network restrictions or prior authorizations.

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