Chapter, a healthcare startup focused on Medicare advisory services, has raised $75 million in a new funding round led by private equity and venture capital firm Stripes, pushing its valuation to $1.5 billion. The company, co-founded by entrepreneur and former Republican presidential hopeful Vivek Ramaswamy, aims to simplify Medicare plan selection for seniors through a personalized, data-driven approach.
Unlike traditional Medicare brokers who often prioritize commissions from insurers, Chapter claims to work directly in the interest of its clients. The platform compares a wide range of plans based on individual needs, including preferred doctors, hospitals, and prescriptions, offering unbiased advice tailored to each person’s healthcare and financial situation.
This latest funding round marks another milestone in the company’s rapid growth. Chapter’s Series A round in 2020 was led by Narya, a venture capital firm co-founded by current U.S. Vice President J.D. Vance. Tech billionaire Peter Thiel also backed the company early on, taking Vance’s board seat after he stepped down to run for Senate in 2021.
Although Thiel has since exited the board, Chapter recently appointed Donna Shalala, a prominent Democrat who served as Secretary of Health and Human Services under President Bill Clinton and later as a member of Congress. Shalala emphasized that her decision to join the board wasn’t influenced by politics. “I don’t think of the company as political,” she told Bloomberg.
Chapter’s model of prioritizing transparency and client-first decision-making is gaining traction among seniors seeking clarity in the often-confusing Medicare landscape. With fresh capital and a bipartisan board, the startup is positioning itself as a leading voice in healthcare navigation for older adults.
