# Bright Health funding: rounds and investors

> Bright Health has raised $1.1B across 4 rounds since 2016. Investors include New Enterprise Associates, Flare Capital and Redpoint. Every round with its source.

Source: https://millionrounds.com/company/bright-health (Millionrounds; every figure on the page links to its filing or article)

United States · [Series D startup](https://millionrounds.com/companies)

# Who invested in *Bright Health*

4 rounds we have observed, with the 16 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Fintech Healthcare Insurtech

Funding summary Updated 26 Oct 2026

**$1.1B** raised across 4 rounds since 2016, from 4 sources

**$80M** Round **$160M** Series B **$200M** Series C **$635M** Series D

- **Latest round:** Series D, $635M Dec 2019
- **Led by:** New Enterprise Associates
- **Step-up i:** 3.2×
- **Investors:** 16 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2017 2018 2019

**$80M** Round

**$160M** Series B

**$200M** Series C

**$635M** Series D

- **First round:** Round, $80M
- **Biggest round:** $635M
- **Usual gap between rounds:** 13 months

## The rounds

- **Dec 2019** Series D **$635M** *2 new* *7 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) Lead [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Redpoint](https://millionrounds.com/fund/redpoint) [Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners) [Flare Capital](https://millionrounds.com/fund/flare-capital-partners) [Declaration Partners](https://millionrounds.com/fund/declaration-partners) [Greenspring Associates](https://millionrounds.com/fund/greenspring-associates) [Cross Creek](https://millionrounds.com/fund/cross-creek) [Town Hall Ventures](https://millionrounds.com/fund/town-hall-ventures) Reported by FinSMEs SEC filing: $424M sold, first sale Dec 2019
- **Nov 2018** Series C **$200M** *5 new* *4 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Redpoint](https://millionrounds.com/fund/redpoint) [Greycroft](https://millionrounds.com/fund/greycroft) [Flare Capital](https://millionrounds.com/fund/flare-capital-partners) [Declaration Partners](https://millionrounds.com/fund/declaration-partners) [Cross Creek](https://millionrounds.com/fund/cross-creek) [Town Hall Ventures](https://millionrounds.com/fund/town-hall-ventures) Greenspring Meritech Capital/ Bessemer Reported by FinSMEs SEC filing: $200M sold, first sale Nov 2018
- **Jun 2017** Series B **$160M** *4 new* *2 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Redpoint](https://millionrounds.com/fund/redpoint) [Flare Capital](https://millionrounds.com/fund/flare-capital-partners) [Bessemer](https://millionrounds.com/fund/bessemer) [Cross Creek](https://millionrounds.com/fund/cross-creek) Greenspring Associates/ Greycroft Reported by FinSMEs
- **Jun 2016** Round **$80M** *5 new* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) Lead [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) Lead [Flare Capital](https://millionrounds.com/fund/flare-capital-partners) [Waterline Ventures](https://millionrounds.com/fund/waterline-ventures) Oxeon Partners Source recorded SEC filing: $47M sold, first sale Mar 2016

## Founders and team

From the SEC filings it signed: 5 on the team.

- **Cathy Mike Smith** Executive Officer i
- **G. Mike Mikan** Executive Officer, Director i
- **Keith Mike Nelsen** Executive Officer i
- **Robert Sheehy** Executive Officer, Director i
- **Tomas Mike Valdivia** Executive Officer i

On the board, as filed i *Adair Mike Newhall* *Andy Mike Slavitt* *Jeff Mike Folick* *Jeff Mike Immelt* *Kedrick Mike Adkins* *Mohamad Mike Makhzoumi* *Naomi Mike Allen* *Steve Mike Kraus*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2016 **Series B** 2017 **Series C** 2018 **Series D** 2019 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) L L [Flare Capital](https://millionrounds.com/fund/flare-capital-partners) [Redpoint](https://millionrounds.com/fund/redpoint) [Cross Creek](https://millionrounds.com/fund/cross-creek) [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) L [Declaration Partners](https://millionrounds.com/fund/declaration-partners) [Town Hall Ventures](https://millionrounds.com/fund/town-hall-ventures) [Greycroft](https://millionrounds.com/fund/greycroft) [Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners) [Bessemer](https://millionrounds.com/fund/bessemer)

## Everyone who backed them

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **4** rounds, led 2

[Flare Capital](https://millionrounds.com/fund/flare-capital-partners) VC firm **4** rounds

[Redpoint](https://millionrounds.com/fund/redpoint) VC firm **3** rounds

[Cross Creek](https://millionrounds.com/fund/cross-creek) VC firm **3** rounds

[Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) VC firm **2** rounds, led 1

[Declaration Partners](https://millionrounds.com/fund/declaration-partners) Family office **2** rounds

[Town Hall Ventures](https://millionrounds.com/fund/town-hall-ventures) VC firm **2** rounds

[Greycroft](https://millionrounds.com/fund/greycroft) VC firm **1** round

[Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners) VC firm **1** round

[Bessemer](https://millionrounds.com/fund/bessemer) VC firm **1** round

[Greenspring Associates](https://millionrounds.com/fund/greenspring-associates) Private equity **1** round

[Waterline Ventures](https://millionrounds.com/fund/waterline-ventures) VC firm **1** round

Greenspring no record of our own yet **1** round

Greenspring Associates/ Greycroft no record of our own yet **1** round

Meritech Capital/ Bessemer no record of our own yet **1** round

Oxeon Partners no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bright-health).

## Quick answers about Bright Health

### Who invested in Bright Health?

Bright Health's investors include New Enterprise Associates, Flare Capital, Redpoint, Cross Creek and Bessemer Venture Partners, and 11 more on record. New Enterprise Associates led its latest round.

### How much has Bright Health raised?

Bright Health has raised $1.1B across 4 rounds since 2016.

### When did Bright Health last raise?

Bright Health's most recent round was a Series D of $635M in Dec 2019, led by New Enterprise Associates.

### What was Bright Health's biggest round?

Its most recent round, $635M in Dec 2019, is also its largest on record.

### Who backed Bright Health first?

Bright Health's first round on record, in Jun 2016, was backed by New Enterprise Associates, Bessemer Venture Partners and Flare Capital and 2 others.

### What stage is Bright Health at?

Bright Health's latest named round is a Series D, in Dec 2019.

### Where is Bright Health based?

Bright Health is based in the United States.

### Who led Bright Health's rounds?

New Enterprise Associates led the funding round in 2016.

## Companies like Bright Health

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