Collective Health co-founder and CEO Ali Diab Image: Collective Health

Collective Health — a San Francisco based enterprise healthcare startup with additional offices in Chicago and Lehi, Utah — has raised $205 million in new funding led by the Softbank Vision Fund, with participation from DFJ Growth, G Squared, PSP Investments and existing backers including GV, Founders Fund, NEA, Mubadala Ventures and Maverick Ventures.

Collective Health will make use of the new funding to accelerate adoption of its enterprise healthcare platform and deepen partnerships with companies that use its platform to provide health insurance for their employees. The company will strengthen its engineering, sales and customer experience teams across its three offices.

Collective Health co-founder and Chief Health Officer Rajaie Batniji Image: Collective Health

Collective Health already has 200,000 members, 45 enterprise clients and 80 health partners linked on its platform. Its clients include companies like Pinterest, Red Bull, Zendesk, Driscoll’s, Restoration Hardware and more.

Collective Health is looking to crack an estimated $1.2 trillion employer health insurance industry.

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