Fundraising Fox

CoverSelf

San Francisco, US · Founded 2021 · Delaware corporation · 103 employees on LinkedIn · 4 known investors

CoverSelf offers a healthcare payment integrity platform that helps payers detect and prevent claims inaccuracies and payment leakage while reducing administrative costs. The platform lets teams configure their own policies and logic using plain-English or template-based rules, targeting improper payments and administrative waste in the U.S. healthcare claims industry.

FintechHealthtechSaaS

Founders & leadership

CoverSelf was founded in 2021 by Rajasekhar Maddireddy and Raghavendra Pawar.

RMRajasekhar Maddireddy
Rajasekhar MaddireddyCo-founder
RPRaghavendra Pawar
Raghavendra PawarCo-founder

Investors · 4

Saison CapitalSingapore · $1.5M – $33M
Z21 VenturesSan Francisco Bay Area · $500K – $1M
3one4 Capitalreported · 2 sourcesGift City, Gandhinagar, Gujarat · $364K – $30M
BEENEXTreported · 2 sourcesSingapore · $500K – $50M

Reported raises · per SEC filings

Form D private placements

$8.8M disclosed across 2 rounds · 2022–2023

▶$3.4MraisedApr 2024 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Raghavendra PawarDirector
  • Rajasekhar MaddireddyExecutive Officer, Director
Offering amount
$3.4M
Amount sold
$3.4M
Proceeds to insiders
$145K
First sale
Nov 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5.5MraisedJan 2023 · 31 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Rajasekhar MaddireddyExecutive Officer, Director, Promoter
  • Raghavendra PawarExecutive Officer, Director, Promoter
Offering amount
$5.7M
Amount sold
$5.5M
First sale
May 2022
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap
Genhealth436 shared keywordsGenHealth provides AI-based revenue cycle management and administrative automation for healthcare providers and DME teams, handling intake, eligibility, claims, prior authorization, denials, and appeals. Its browser agent extracts data from faxes and documents and routes it into EMR and billing systems, targeting independent physician groups and providers.

Companies competing with CoverSelf for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

CoverSelf raises $8.2m in Seed funding, Cristobal de Atuchanews.fintech.io · Nov 2023CoverSelf's $8.2m seed round revolutionises healthcare claims processingfintech.global · Nov 2023CoverSelf Targets US Health Costs As Payers Face Mounting Problemsforbes.com · Nov 2023coverself funding: Healthcare SaaS startup CoverSelf raises $4.8 million led by Beenext and 3one4 Capital - The Economic Timeseconomictimes.indiatimes.com · Sep 2022Healthcare payment integrity platform CoverSelf raises $4.8M - VatorNewsvator.tv · Sep 2022CoverSelf Raises $4.8 Million On Pledge To Slash Healthcare Costsforbes.com · Sep 2022

Frequently asked questions

What does CoverSelf do?
CoverSelf offers a healthcare payment integrity platform that helps payers detect and prevent claims inaccuracies and payment leakage while reducing administrative costs. The platform lets teams configure their own policies and logic using plain-English or template-based rules, targeting improper payments and administrative waste in the U.S. healthcare claims industry.
Who founded CoverSelf?
CoverSelf was founded by Rajasekhar Maddireddy, Raghavendra Pawar in 2021.
Who are CoverSelf's investors?
CoverSelf's investors include Saison Capital, Z21 Ventures, 3one4 Capital, BEENEXT.
How much funding has CoverSelf raised?
CoverSelf has disclosed $8.8M raised across 2 rounds.
Where is CoverSelf headquartered?
CoverSelf is headquartered in San Francisco, US.