Clover Health Tops $1 Billion Value With Alphabet Backing
- Alphabet’s GV joins others in data-driven health care
- Startup serving New Jersey plans to expand to 3 more states
Why GV Was Drawn to Clover Health
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Clover Health, an insurance startup using data science for preventative health care, has become Silicon Valley’s newest, and a rather reluctant, unicorn.
Alphabet Inc.’s venture arm GV and other investors have put $130 million into the San Francisco-based company, valuing it at $1.2 billion, according to people familiar with the matter. Startups worth more than $1 billion on paper are known as unicorns. The funding round closed Wednesday.