Chapter (company)
| Type | Private |
|---|---|
| Industry | Healthcare |
| Founded | 2020, in New York, NY |
| Founders |
|
| Headquarters | New York City, U.S. |
Area served | United States |
| Website | askchapter |
Chapter is a Medicare advisory company[1] headquartered in New York City.[2] The company provides services for comparing Medicare coverage, choosing health plans, and identifying doctors and hospitals.[1]
History
[edit]CEO Cobi Blumenfeld-Gantz founded the company in 2020 with Corey Metzman, and Vivek Ramaswamy.[1] Shortly after the company’s founding, Ramaswamy stepped down to run for political office.[1]
Chapter started as a Medicare brokerage using AI to compare thousands of options to identify plans that met the particular medical needs of its clients, while preventing its advisors from seeing referral fees offered by insurance companies.[3] Chapter built AI that can assess whether a doctor is likely to be included in an insurance network and whether an applicant is likely to pass an insurer's underwriting process.[4]
In 2021, Chapter raised $17 million in a Series A funding round that was led by Narya Capital, a venture capital firm founded by JD Vance.[5] Vance served on the company’s board of directors before stepping down to run for Senate in 2021 and was replaced by Peter Thiel.[6]
By 2025, Chapter had developed an application for Medicare beneficiaries to access over-the-counter (OTC) benefits provided through their plans that might otherwise go unused.[7][8] The app allows users to determine which products qualify under their OTC benefits and arrange for delivery of eligible items.[9]
In 2026, Chapter raised $100 million[10] in a funding round led by Generation Investment Management, a firm founded by Al Gore, which brought the company’s valuation to $3 billion.[11]
References
[edit]- 1 2 3 4 Mattson, Jennifer (17 April 2025). "What to know about Chapter, the Medicare startup cofounded by Vivek Ramaswamy that was just valued at $1.5 billion". Fast Company. Retrieved 22 June 2026.
- ↑ Chafkin, Max (16 April 2025). "An AI Health-Care Unicorn With MAGA Origins Attracts an Unlikely Coalition". Bloomberg. Retrieved 22 June 2026.
Blumenfeld-Gantz and fellow Wharton alum Corey Metzman co-founded Chapter in New York…
- ↑ Chafkin, Max (16 April 2025). "An AI Health-Care Unicorn With MAGA Origins Attracts an Unlikely Coalition". Bloomberg. Retrieved 22 June 2026.
Because this data isn't centralized, Chapter's core function involves vacuuming up huge quantities of information about plans and then using artificial intelligence to organize it. His customer service agents, known as advisers, use this database to help figure out which plan is best for a patient based on their medical history and their needs. The reps don't know which plans pay referral fees and which don't.
- ↑ Palazzolo, Stephanie (9 April 2026). "The $3 Billion AI Medicare Broker Backed By Two Vice Presidents". The Information. Retrieved 22 June 2026.
For instance, Chapter has built AI software to predict whether a doctor is in-network for a patient or whether a patient is likely to pass the insurance underwriting process.
- ↑ Livingston, Shelby (21 September 2021). "Chapter, a Peter Thiel-backed startup that helps older people enroll in Medicare, just raised $17 million". Business Insider. Retrieved 22 June 2026.
- ↑ Temkin, Marina (16 April 2025). "Chapter, a Medicare startup with links to Vance, Thiel, and Ramaswamy, just raised a round at $1.5B valuation". TechCrunch. Retrieved 14 July 2026.
- ↑ Landi, Heather (18 April 2025). "Medicare navigation startup Chapter pockets $75M to expand health system partnerships". Fierce Healthcare. Retrieved 22 June 2026.
- ↑ Bell, Lisa (18 November 2025). "Medicare users leave billions of dollars in unused benefits each year. Now, there's an app for that". News 6 Orlando. Retrieved 22 June 2026.
- ↑ Meyer, Paige (22 December 2025). "Millions in Medicare benefits go unused in Palm Beach County; a new app aims to help". CBS 12 News. Retrieved 22 June 2026.
- ↑ Humphreville, Frida (8 June 2026). "NY-based Medicare firm Chapter will expand hiring in KC". Kansas City Business Journal. Retrieved 22 June 2026.
"Chapter raised $100 million in Series E funding in April."
- ↑ Palazzolo, Stephanie (9 April 2026). "The $3 Billion AI Medicare Broker Backed By Two Vice Presidents". The Information. Retrieved 22 June 2026.
On the back of that growth, the company has raised $100 million in Series E funding led by former vice president Al Gore's Generation Investment Management at a valuation of $3 billion, double from its last fundraising a year ago.