CVS Health

CVS Health

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Investment Firm

Overview

Following its acquisition of Aetna in late 2018, CVS Health now provides an even more integrated healthcare services offering for its members.

Legacy CVS combines both the largest pharmacy benefit manager, processing about 2 billion adjusted claims annually, and a sizable pharmacy operation, including nearly 10,000 retail pharmacy locations primarily in the United States. Adding a managed-care organization with about 22 million medical members gives the company a strong position in the insurance industry and should help CVS better control overall healthcare costs for its clients.

The Woonsocket, Rhode Island-based company was launched by Larry Merlo in 1963.

Highlights

Founded

1963

Industry

Retail

Employees

10001+

Investment

14

Lead Investment

7

Exits

1

Stages

Early Stage Venture, Late Stage Venture

Investor Type

N/A

Location

Woonsocket, Rhode Island, United States, North America

Contact Information

Social

Profile Resume

CVS Health, established in 1963 and headquartered in United States, North America., specializes in Early Stage Venture, Late Stage Venture investments across Health Care, Medical, Health Diagnostics, Venture Capital, Service Industry, CleanTech, Financial Services, Finance, Angel Investment, Asset Management. The organization boasts a portfolio of 13 investments, with an average round size of $92.1M and 1 successful exits. Their recent investments include MyHealthTeams, The Westly Group, Sand Hill Angels, Adams Street Partners, TSVC. The highest investment round they participated in was $109.2B. Among their most notable exits are MyHealthTeams and The Westly Group. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Ariel McNichol

Ariel McNichol

Acting Product Lead, Digital Products

imagePlace William Weldon

William Weldon

Board Member

imagePlace Ian Corbin

Ian Corbin

Senior Manager, ML Platform

imagePlace Firdaus Bhathena

Firdaus Bhathena

Chief Digital Officer

imagePlace Thaddeus Diamond

Thaddeus Diamond

Lead Director, Product

imagePlace Cameron Smith

Cameron Smith

Executive Director

Investment portfolio

CVS Health has made 14 investments. Their most recent investment was on Jul 31, 2024, when American Diabetes Association raised $500.0K.

CVS Health has made 4 diversity investments. Their most recent diversity investment was on Mar 16, 2023, when SpectrumAi raised $20.0M.

investments

14

Diversity investments

4

Lead investments

7

Number of exits

1

Investments

14

Annouced DateOrganization NameIndustryMoney Raised
Mar 16, 2023
SpectrumAi SpectrumAi
Health Care20.0M
Aug 10, 2023
March of Dimes March of Dimes
Health Care4.0M
Oct 08, 2023
Main Street Health Main Street Health
Health Care315.0M
Jul 31, 2024
American Diabetes Association American Diabetes Association
Health Care500.0K

Exits

1

Funding Timeline

Funding rounds

14

Investors

1

Funds

1

Funding Rounds

14

CVS Health has raised 14 rounds. Their latest funding was raised on Jul 31, 2024 from a Grant - American Diabetes Association round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Mar 16, 2023
Series A - SpectrumAi Series A - SpectrumAi
-20.0M-
Aug 10, 2023
Grant - March of Dimes Grant - March of Dimes
-4.0M-
Oct 08, 2023
Venture Round - Main Street Health Venture Round - Main Street Health
-315.0M-
Jul 31, 2024
Grant - American Diabetes Association Grant - American Diabetes Association
-500.0K-

Investors

1

CVS Health is funded by 1 investor(s). Starboard Value Kantor is the most recent investors.

Investor NameLead InvestorFunding RoundMoney Raised
Starboard Value Starboard Value
Yes
Post-IPO Equity - CVS Health
0

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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