Insurtech platform HealthCare.com has gained an additional $31.5 million in its Series C round. The extension of this round was led by Hildred Capital Management.

Their initial Series C round comprised $130 million in senior non-convertible preferred stock and $50 million in Series C preferred equity. This was led by Oaktree Capital Management, Axis Capital, Second Alpha, Link Ventures and the company’s founders.

This US-based venture was founded by Glenn Luk, Howard Yeh, Jeff Smedsrud, Jose Vargas, Julio Gonzalez Arrivillaga and Matias de Tezanos. The funds will be used to gain extra talent for the team and invest more in the venture’s data science and product development. 

Since their inception in 2006, the company has created innovative insurance product that helps them solve complex challenges and scale up in the health insurance ecosystem. It is an online health insurance company providing a data-driven shopping platform that helps American consumers enrol in individual health insurance and Medicare plans. It is a 5-time honoree of the Inc. 5000 list of America’s fastest-growing companies.

They have raised a total of $244M in over 7 rounds of funding. Annox Capital, Brothers Brook, Second Alpha Partners, Link Ventures, Oaktree Capital Management, Axis Capital, Axis Capital Holdings Limited are a few of its investors.