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New Deal


Announced

Completed

Drive Capital led a $125m Series C round in Sidecar Health.

Financials

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Transaction Value£91m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

insurtech

Private Equity

Venture Capital

Cross Border

Completed

Software

Single Bidder

United States

Minority

Private

Synopsis

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Drive Capital led a $125m Series C round in Sidecar Health, a health insurtech company, with participation from BOND, Tiger Global, Menlo Ventures, Cathay Innovation and GreatPoint Ventures. "Sidecar Health is the biggest idea I have seen in almost two decades of investing in healthcare. We are strong believers in their product which brings unprecedented value, simplicity, transparency and choice to consumers," Noah Knauf, BOND General Partner.

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