Ed Park + Todd Park (former US CTO under Obama; co-founder Athenahealth + Castlight) found Devoted Health 2017 in Waltham MA as Medicare Advantage insurtech. Raises $62M Series A from Andreessen Horowitz, Maverick, Premji, F-Prime. Bet: vertically integrated MA — own clinics + insurance + tech.

Ed Park + Todd Park raise $62M Series A Apr 2018 led by Andreessen Horowitz; Devoted's seed-to-series-A is largest US insurance startup round at the time. Todd Park's connections: former Athenahealth + Castlight founder + US CTO under Obama. Builds vertically integrated MA insurtech.

Devoted Health Series B Sep 2018 $300M led by Andreessen Horowitz + Premji + Maverick at $1.8B valuation. Largest US insurance startup Series B at the time. Ed Park CEO + Todd Park executive chairman. Devoted launches first MA plan Jan 2019 in 8 Florida counties.

Devoted Health launches first Medicare Advantage plan Jan 2019 in 8 Florida counties — 'Devoted by Design' MA plan. Ed Park CEO + Todd Park executive chairman. Vertically integrated MA: own clinics (Devoted Medical Group) + insurance + tech platform. First member enrolled Feb 2019.

Devoted Health Series E Oct 2021 $1.15B led by SoftBank + Uprising at $12.6B valuation. Devoted's largest round; becomes one of most highly valued private US insurance companies. Plans expand to 13 states + 220K+ members by 2025.

Devoted Health Series F Apr 2023 $175M led by Premji Invest + Andreessen Horowitz + GIC at $12.6B valuation (flat round from 2021 Series E). Largest US insurtech private valuation. Devoted serves 130K+ MA members across 13 states; one of fastest-growing US MA plans.

Devoted Health Series F Apr 2023 $175M led by The Premji Invest + Andreessen Horowitz + GIC; valuation $12.6B (down from $12.6B Series E 2021 — flat round amid insurtech rerating). Devoted serves 130K+ MA members across 13 states; one of fastest-growing US Medicare Advantage plans.

Devoted Health 2024 — Medicare Advantage rebid season tests Devoted's discipline; rate cuts from CMS pressure all MA insurers. Devoted grows to 190K+ members across 13 states. CEO Ed Park focuses on profitable growth + Stars rating improvement (targeting 5-Star plans).

Devoted Health FY2025 — Todd Park CEO reports 230K+ MA members across 14 states; 4.5-Star MA plan rating in multiple regions. Unit economics profitable; total company GAAP profitability targeted 2027. Rumored 2026 IPO if MA market stabilizes; potential successor to Oscar/Clover as next MA insurtech.