Chapter, a Medicare guidance insurtech platform headquartered in New York, secured $75mn in Series D funding led by Stripes. The latest funding infusion marks a substantial milestone for Chapter Medicare, bringing its total fundraising to approximately $185 mn.
Existing investors — XYZ Venture Capital, Susa Ventures, Addition, Narya Capital, and Maverick Ventures — also participated.
The company plans to use the capital to grow its enterprise partnerships, improve its product offerings, and develop additional data and technology systems.
These efforts aim to provide retirees with more accurate and dependable support as they evaluate their health coverage options.
Established in 2020, Chapter Medicare has swiftly emerged as a frontrunner in simplifying the complex landscape of Medicare for seniors. Chapter Offering end-to-end Medicare assistance, Chapter aids Medicare-eligible individuals in making informed decisions to optimise their coverage and benefits.
The new funding follows its previous Series C round by less than a year. Chapter has successfully raised $50 mn in its Series C funding round, led by XYZ Venture Capital, with substantial contributions from Narya Capital, Susa Ventures, and Maverick Ventures.
Leveraging innovative technology and expertise, the startup is dedicated to empowering seniors by facilitating comprehensive exploration of Medicare options available nationwide.
Stripes Partner Ron Shah, who will join Chapter’s board, stated that Chapter improves how seniors make healthcare decisions by combining software and advisor support.
According to Shah, the company addresses a critical and often confusing stage in retirement planning.
Chapter is reshaping one of the most consequential — and confusing — decisions in someone’s life as they enter retirement: their health coverage
Ron Shah, Partner at Stripes, who will join Chapter’s Board of Directors
“They’ve built a platform that combines powerful technology with a human touch, fundamentally improving how seniors make these life-altering decisions,” said Ron Shah.
Over the last year, Chapter has quadrupled its Medicare enrollments and expanded its partnerships with health systems, financial institutions, and content providers. These developments have increased its standing as a trusted advisor for retirement planning.
Chapter CEO and Co-founder Cobi Blumenfeld-Gantz pointed to the unnecessary complexity of Medicare enrollment. He noted that many individuals end up with higher-cost, lower-coverage plans. Chapter aims to increase clarity and reduce misinformation, especially as fraudulent schemes have become more frequent.
Navigating Medicare is needlessly complex. Too many people end up with plans that cost more and cover less than they should. We’re committed to restoring transparency and trust in a system that desperately needs it — especially now, as scams and misinformation are on the rise.
Cobi Blumenfeld-Gantz, Co-founder and CEO of Chapter
Chapter offers Medicare advice without financial conflicts between advisors and clients. Its proprietary system supports licensed advisors in making individualised recommendations at scale, improving consistency and accuracy for retirees.
The company also works to improve broader industry practices. It promotes policy changes that prioritise consumer interests and greater transparency. High user satisfaction and strong retention rates have strengthened Chapter’s position in the sector.
Beyond enrollment, Chapter introduced an Over-the-Counter (OTC) app that helps Medicare users redeem OTC benefits. Roughly $5bn in OTC benefits go unclaimed each year. The app’s user base has grown by 20x, and Chapter has partnered with major retailers to increase accessibility.
This latest round of funding will support Chapter’s continued development of Medicare and retirement tools. Blumenfeld-Gantz stated that the company’s objective remains clear: to ensure retirees receive the care and support they need.
