Health Plan One Closes $6.5 Million Series A Financing


	Health Plan One Closes $6.5 Million Series A Financing

JoeyGallo667

4-21-2008 10:46 AM

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JoeyGallo667 says:

Pequot Ventures leads round for Online Health Insurance Marketplace

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/fe5e7aa8-fbb3-4c84-a646-2caf599d3d2e/D6C64AF3-E575-4B38-8FC5-7E995B72B00D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://biz.yahoo.com/prnews/080421/nym016.html?.v=101" href="http://biz.yahoo.com/prnews/080421/nym016.html?.v=101" style="font-size: 11px;">biz.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/prnews/080421/nym016.html?.v=101"></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/prnews/080421/nym016.html?.v=101"><SPAN>Health Plan One Closes $6.5 Million Series A Financing</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/prnews/080421/nym016.html?.v=101"><SPAN>Pequot Ventures Leads Round for Online Health Insurance Marketplace</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/prnews/080421/nym016.html?.v=101"><P>With the close of this round of funding, Larry Lenihan, co-head of Pequot Ventures, will join Chan Wheeler and Kevin Hill on the Board of Directors. "Health Plan One is well-positioned to execute on a large market opportunity capitalizing on recent employment trends including the shift in burden from employer to employee for rising health care costs, as well as the growth of the self-employed population, who require individual health care plans. HPO fills a gap in the market with a superior customer experience relative to the existing online alternatives." Lenihan continued, "HPO also fits perfectly with our focus and expertise in insurance technology and emerging online markets, and is consistent with our investment philosophy to partner with innovative, market-leading companies."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D6C64AF3-E575-4B38-8FC5-7E995B72B00D/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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