Chapter, a Medicare advisory startup co-founded by Vivek Ramaswamy, has raised $75 million in Series D funding, valuing the company at $1.5 billion. The platform guides seniors through Medicare choices, including health plans and drug coverage. CEO Cobi Blumenfeld-Gantz emphasizes the need for transparency in a complex Medicare landscape, especially given recent regulatory changes. Ramaswamy, initially involved in founding Chapter, is no longer on the board since his political activities commenced. The company has connections to various individuals related to the Trump administration but remains focused on its consumer-first mission.
"Navigating Medicare is needlessly complex. Too many people end up with plans that cost more and cover less than they should," Cobi Blumenfeld-Gantz, Chapter's cofounder and CEO, said.
"At a time when the regulatory environment and Medicare ecosystem is rapidly changing, we remain committed to bringing transparency and trust to a system that desperately needs it," said Cobi Blumenfeld-Gantz.
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