Clover Health Pitch Deck

Clover Health was founded in 2014 by Vivek Garipalli and Kris Gale to use technology to improve patient outcomes. The company started with Medicare Advantage plans in New Jersey and have since expanded our coverage to 6 other states.
Clover Health operates as a next-generation Medicare Advantage insurer, leveraging the company's flagship software platform, Clover Assistant, to provide America's seniors with affordable, quality healthcare plans. In 2019, Clover grew membership by 37 percent and was recognized by Deft Research as the fastest-growing Medicare Advantage plan with over 50,000 members.
From 2015 to 2017, Clover Health raised a series of venture rounds from First Round Capital, Sequoia Capital, and Greenoaks Capital. In 2020, the company inked a $3.7B deal with Chamath Palihapitiya to go public via SPAC merger, in what was originally called IPOC. The SPAC elivered $1.2 billion in gross proceeds, including $400M in PIPE funding.
The company ended its first day on public markets (January 8, 2021) with a $7B market cap. Two years later, $CLOV was trading under $1 per share, with a market cap below $500M.

2021 • Public