News Summary

Chapter, a Medicare advisory startup co-founded by former Republican presidential hopeful Vivek Ramaswamy, has successfully closed a $75 million funding round, reaching a valuation of $1.5 billion. The investment was led by private equity and venture firm Stripes. Chapter specializes in assisting seniors with choosing Medicare health plans by analyzing doctors, hospitals, and prescription drug coverage, emphasizing client needs over insurer profits. The startup’s earlier Series A round in 2020 was led by Naraya, the VC firm founded by J.D. Vance, and included investments from Peter Thiel. Democrat Donna Shalala has recently joined Chapter’s board, filling the vacancy left by Thiel.