AI-Powered Medicare Broker Chapter Raises $75M, Valued at $1.5B

Chapter, a tech startup co-founded by Vivek Ramaswamy, has raised $75 million in a funding round, bringing its valuation to $1.5 billion. This significant milestone, announced on April 16, 2025, has drawn considerable attention from both the tech and healthcare sectors. The core of Chapter's business revolves around using artificial intelligence (AI) to aggregate and analyze data from various Medicare insurance plans. This technology enables users to find the most suitable insurance options with greater ease and precision, reducing the confusion and complexity often associated with traditional insurance brokers. Additionally, Chapter offers a user-friendly online platform that simplifies the entire application and management process, making it more accessible and convenient. Vivek Ramaswamy, the co-founder of Chapter, is a well-known figure in both technology and business. He previously co-founded Roivant Sciences, a company that leverages data science and technology to accelerate pharmaceutical research and development. Chapter has also received support from prominent investors such as Peter Thiel and JD Vance, who see significant potential in the application of AI in the Medicare market. The successful funding round not only underscores Chapter's financial credibility but also bolsters its ability to scale operations and enhance its technology. The company plans to use the funds to refine its AI system, improving data processing capabilities and user interface design to attract more customers. Furthermore, Chapter aims to expand its market presence and serve a broader range of Medicare users. Industry experts have praised Chapter's approach, noting that it effectively addresses a major pain point in Medicare plan selection: information asymmetry and the complexity of choices. By bridging these gaps, Chapter helps users save time and money while increasing the transparency of healthcare services. As technology advances and the market opens up, Chapter is positioned to become a leading player in the healthcare insurance sector. Ramaswamy's track record of successful ventures and the investment stakes of high-profile figures like Peter Thiel and JD Vance have bolstered Chapter's visibility from the outset. The company's innovative approach and strong financial backing make it a worthwhile watch for the industry.