Bright Health Group Raised $750 Million To Support Continued Growth

Bright Health Group, Inc. raised $750 million financing to support continued growth. The financing includes a strategic investment by Cigna Ventures, the corporate venture capital partner and wholly owned indirect subsidiary of Cigna Corporation, as a new investor in the company. The Company's largest existing shareholder, New Enterprise Associates (NEA), participated as a co-investor. The financing is expected to close in January of 2022, subject to customary closing conditions. Cigna Ventures plans to explore new ways that NeueHealth (Bright Health’s direct care clinic subsidiary) and Evernorth (Cigna’s research division) can potentially provide services to each other . . .