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§ Private Profile · Waltham, MA, USA
Medicare Advantage provider offering integrated healthcare solutions for older Americans, focused on accessible virtual and in-home care.
Devoted Health is a United States-based healthcare organization that provides integrated Medicare Advantage plans alongside virtual and in-home medical services for older adult populations. The company operates as a combined payer and provider, generating revenue through government health payments while utilizing its proprietary Orinoco technology platform to coordinate patient care and manage clinical workflows. Currently operating across 14 states, the enterprise has scaled its administrative and clinical operations to support a dedicated workforce of over 2,000 employees. In 2022, the firm secured $62 million in additional funding from 23 distinct investors to further expand its national footprint and manage care for more than 140,000 enrolled Medicare members. Devoted Health was founded in 2017 by brothers Todd Park and Ed Park, who previously established and led prominent healthcare technology companies including athenahealth and Castlight Health.
Devoted Health has raised $2.6B across 7 funding rounds.
Devoted Health has raised $2.6B in total across 7 funding rounds.
Devoted Health has raised $2.6B across 7 funding rounds. Most recently, it raised $366.0M Series F in February 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 3, 2026 | $366M Series F | The Space Between | Andreessen Horowitz, Centricus, Franklin Templeton, General Catalyst, GV, J.P. Morgan | Announced |
| Aug 2, 2024 | $112M Series E Plus | — | The Space Between, White Road Investments | Announced |
| Dec 1, 2023 | $180M Series E | Fearless Ventures, GIC, Highbury Holdings, Maverick Ventures, Stardust Equity, The Space Between | Autism Impact Fund, CVS Health, F Prime Capital, ULU Ventures, Vzvc, Andreessen Horowitz, Emerson Collective, F Prime Capital, General Catalyst, GreatPoint Ventures, Socium Ventures, The Private Shares Fund | Announced |
| Oct 8, 2021 | $1.1B Series D | Softbank, Uprising | Andreessen Horowitz, Emerson Collective, General Catalyst, GIC, ICONIQ Growth, NextView Ventures | Announced |
| Apr 1, 2020 | $450M Series C | — | Autism Impact Fund, CVS Health, Define Ventures, F Prime Capital, Highbury Group, ULU Ventures, Vzvc | Announced |
| Oct 1, 2018 | $300M Series B | Vijay Pande, PHD | Autism Impact Fund, CVS Health, Define Ventures, F Prime Capital, Highbury Group, ULU Ventures, Vzvc, Premji Invest, Uprising | Announced |
| Oct 1, 2017 | $62M Series A | Venrock | Autism Impact Fund, CVS Health, F Prime Capital | Announced |
Devoted Health is a technology-driven healthcare company that provides all-in-one Medicare Advantage plans for older Americans, integrating insurance, clinical care, personalized support, and proprietary software to deliver seamless, empathetic care.[2][1][3] It serves Medicare-eligible seniors facing confusing, expensive, and impersonal healthcare, solving these issues through comprehensive plans with usable benefits, full-service member Guides, access to trusted local providers, in-house Devoted Medical for virtual and in-home care, and technology that prioritizes member needs over billing.[2][4][5] The company demonstrates strong growth momentum, expanding to 13 states by 2023 with over 80,000 members, raising Series E funding, achieving high clinical outcomes like 83% diabetes control rates, and earning top 2025 Star Ratings for quality.[4][6][5]
Devoted Health was founded in 2017 by brothers Todd Park and Ed Park, both with deep healthcare tech experience—Todd as co-founder of athenahealth and former U.S. Chief Technology Officer, and Ed as a physician executive.[2][4][6] The idea emerged from their frustration with the state of Medicare care, asking if "confusing, expensive, impersonal" healthcare was the best possible, leading them to build a company treating every member like family with compassion, insurance, clinical care, and technology.[1][2] Early traction came from designing integrated solutions, partnering with providers, and launching in multiple states, with pivotal growth including serving 80,000+ members by 2023 and expansions fueled by proven health outcomes.[4][6]
Devoted Health stands out in Medicare Advantage through its vertically integrated model combining five key elements:
Devoted Health rides the Medicare Advantage boom, capitalizing on aging demographics, rising healthcare costs, and shifts toward value-based care amid traditional Medicare's limitations.[2][3] Timing aligns with tech-enabled disruption in senior health, where virtual/in-home care and AI-driven coordination address access gaps post-pandemic, while market forces like CMS incentives for quality outcomes favor integrated players over fragmented insurers.[4][5][6] It influences the ecosystem by pioneering "all-in-one" models, proving superior results (e.g., diabetes/hypertension control), expanding to new states, and attracting funding, pushing competitors toward tech-clinical hybrids and elevating standards for senior-focused healthtech.[4][6]
Devoted Health is poised for accelerated scaling, likely deepening penetration in existing markets, entering more states, and enhancing AI-powered personalization in its platform to further boost outcomes and retention.[5][4] Trends like expanding Medicare eligibility, regulatory pushes for preventive care, and telehealth normalization will propel growth, while its family-like model could evolve influence by inspiring ecosystem-wide adoption of integrated care. As a disruptive force humanizing Medicare, Devoted exemplifies how tech can transform healthcare from impersonal to profoundly caring, fulfilling its founding promise at scale.[2][1]
Devoted Health has raised $2.6B in total across 7 funding rounds.
Devoted Health's investors include The Space Between, Andreessen Horowitz, Centricus, Franklin Templeton, General Catalyst, Google Ventures, J.P. Morgan, White Road Investments, Fearless Ventures, GIC, Highbury Holdings, Maverick Ventures.