Chapter, a Medicare-focused advisory start-up co-founded by former GOP presidential candidate Vivek Ramaswamy, has raised an impressive $75 million in a new funding round, pushing the company’s valuation to $1.5 billion.
The investment was led by private equity and venture capital firm Stripes, reflecting growing confidence in Chapter’s client-first model. The start-up aims to assist seniors in selecting Medicare health plans based on their preferred doctors, hospitals, and prescription drug coverage.
Unlike traditional Medicare insurance brokers, Chapter prioritizes the needs of its users over insurer profits, a strategy that has helped it stand out in a competitive field. This consumer-centric approach has been a major draw for investors and policymakers alike.
The company’s leadership also reflects a bipartisan blend, featuring figures from both Republican and Democratic backgrounds.
Chapter’s earlier Series A funding in 2020 was led by Naraya, a venture capital firm established by Vice President JD Vance. Peter Thiel, another early backer, later took Vance’s board seat after his Senate run but has since stepped down.
In a noteworthy shift, former Democratic Congresswoman and Health and Human Services Secretary Donna Shalala has joined the board, replacing Thiel. Speaking to Bloomberg, Shalala noted that Chapter’s bipartisan funding and leadership didn’t pose a concern, adding, “I don’t think of the company as political.”
Chapter continues to draw a wide range of investors and board members, all while staying committed to offering seniors clear, user-focused guidance on Medicare.
