Connie Health, a Boston-based AI-native Medicare navigation platform, has raised $40 million in Series B funding led by HealthQuest Capital. The platform pairs a recommendation engine with local licensed agents to help seniors find, enroll in, and navigate Medicare plans at no cost. The capital will accelerate acquisitions, AI development, and value-based care partnerships.
AI Platform Targets Medicare Roll-Up
The timing comes amid market dislocation. Chapter raised $100 million in its Series E in April 2026. GoHealth filed for bankruptcy in June 2026 after raising $115 million in 2025. Connie Health's hybrid model of AI plus local agents addresses gaps left by pure-digital platforms and struggling national brokers.
Complex Medicare Choices Overwhelm Seniors
Medicare Advantage enrollment reached 35.4 million beneficiaries in 2026. Seniors face over 4,000 plan options, creating demand for navigation tools. The Healthcare Navigation Platform Market stands at $14.92 billion in 2026 and grows at 11.7% CAGR.
Hybrid Model Combines AI and Local Agents
Connie Health built an AI-powered plan finder that matches beneficiaries to plans based on doctors and medications. Local agents provide in-person support and ongoing navigation. Unlike Chapter's digital-only approach or SelectQuote's call-center model, Connie maintains community-rooted agents who share the same local providers as clients. Agents earn identical commissions regardless of plan, enforcing unbiased advice.
HealthQuest Backs Medicare Consolidation
HealthQuest Capital led the round with participation from Khosla Ventures, aMoon, Pitango HealthTech, and JSL Capital. The investor profile signals conviction in tech-enabled consolidation. Total funding now reaches $85 million after 10 acquisitions.
Market Shifts Favor Independent Advisors
Medicare Advantage now covers roughly 51% of eligible Americans. Insurer pullbacks from direct distribution open space for independent platforms. Connie Health positions itself as infrastructure for accountable care organizations, improving member attribution and quality metrics in risk-based contracts.
CEO Brings Value-Based Care Experience
CEO Oded Eran previously worked at Iora Health, acquired by One Medical for $2.1 billion. This background informs the pivot toward serving risk-bearing provider groups alongside consumers.