Fidelity Management & Research Co. provided the funds in the series C funding round. To date, Alignment has raised $375 million, which the insurer plans to use on growing its offerings and building out its technology platform.
Between 2014 and 2019, Alignment has seen 43 percent annual revenue growth. The health plan predicts 2020 revenue will total $1 billion.
More articles on payers:
5 things to know about Harmony, the UnitedHealth plan directing members to Optum physicians
Indiana health system CEO: There’s ‘a lot of ground to make up’ in Anthem deal
Aetna partners with Emory, Northside in Atlanta to boost insurance offerings
