Clever Care Health Plan, a Little Saigon, Orange County, CA-based company dedicated to delivering affordable and innovative Medicare Advantage health plans, raised $20m in Series A financing.
The round, which brought total funding to $26m to date, was led by Norwest Venture Partners with participation from Global Founders Capital (GFC). In conjunction with the funding, Casper de Clercq, general partner at Norwest, will join the company’s board of directors.
The company intends to use the funds to set up a California Medicare Advantage health plan and hire staff for its two offices in Little Saigon in Orange County and Arcadia in Los Angeles County.
Led by CEO Dave Firdaus, COO Myong Lee, and CFO Hiep Pham, Clever Care Health Plan supports the efforts of Centers for Medicare & Medicaid Services’ (CMS) in delivering high quality member experience, while reducing healthcare cost through an innovative benefit design and a strong provider network. The company also operates a second office in Arcadia, Los Angeles County, CA.