Chapter, a NYC-based technology-driven Medicare Advisor, secured a $42m Series B funding round.
The round was led by Addition with participation from Narya Capital, Susa Ventures, Maverick Ventures, XYZ Venture Capital, Core Innovation Capital, and Health2047 Capital Partners. In conjunction with the funding, Peter Thiel joined Chapter’s Board of Directors.
The company, which has raised over $61m in total financing to date, intends to use the funds to continue building the user experience for retirees navigating Medicare, further support its members, and look to fill 70 new positions in 2022.
Founded by Cobi Blumenfeld-Gantz, Corey Metzman, and Vivek Ramaswamy, Chapter is a Medicare Advisor whose team and technology search every Medicare option nationwide at a high level of detail. Its licensed advisors provide personalized, end-to-end guidance to Americans navigating Medicare. The advisory team earns identical compensation irrespective of the selected plan or carrier, ensuring that each Chapter member receives recommendations tailored solely for their needs. Additionally, the platform supports older Americans in deciding when and how to sign up for Medicare and whether they can improve existing coverage to get better benefits for less. Chapter also hosts hundreds of educational events every year and partners with employers, financial advisors, benefits professionals, non-profits, religious institutions, and community leaders.
The company, which has opened a second office in Phoenix to expand its advising capacity, has advisors licensed in all 50 states.