| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Healthtech |
| Total raised | ~$2.4B USD |
| Collapse type | Mass Layoff Spiral |
| Founder | Bob Sheehy, Tom Valdivia, Cynthia Lamont |
Bright Health
"Health insurance startup IPO'd at $11B. Medical loss ratio exceeded 100%. Filed Chapter 11 in 2023."
Cascading layoffs that accelerated the decline
Key Events Timeline
Bright Health was founded in 2016 by Bob Sheehy (former Aetna President), Tom Valdivia, and Cynthia Lamont in Minneapolis to build a technology-enabled health insurance company.
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