Blues plans back health solutions platform in $40M funding round

Solera Health has received $40 million in Series E financing, co-led by Health Care Service Corp., Cobalt Ventures, Horizon Mutual Holdings, and Adams Street.

HCSC is the parent company of five BCBS plans, Horizon Mutual is the parent of Horizon BCBS New Jersey, and Cobalt is the venture arm of BCBS Kansas City. Solera is a digital healthcare platform that connects payers with value-based care solutions.

Along with the funding announced Jan. 14, Solera's interim CEO, John Santelli, has formally assumed the role of CEO. He joined the company in 2024 and previously served as CIO at UnitedHealth Group.

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