What does Chapter do?
Chapter offers a Medicare navigation platform that empowers older Americans with personalized and unbiased guidance for understanding their Medicare benefits. The company also recently launched an Over-the-Counter app to help beneficiaries redeem plan-specific benefits.
How much did they raise?
The funding round raised $75M in Series D, led by Stripes with participation from investors including XYZ Venture Capital, Susa Ventures, Addition, Narya Capital, and Maverick Ventures. Ron Shah from Stripes will join Chapter’s Board of Directors.
What are their plans for the money?
The company intends to use the funds to further enhance its enterprise partnerships and invest in novel data and technology infrastructure, which could significantly improve how older Americans navigate Medicare options.
What have they achieved so far?
Chapter has already demonstrated progress with its recent launch of the Over-the-Counter app, providing Medicare beneficiaries with a streamlined way to access their benefits.