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#1205 by ARRCalifornia, UScollectivehealth.com ↗

Collective Health

Collective Health is an AI-enabled third-party administrator (TPA) that sells a self-funded employer health benefits platform to mid-size and large US employers.

ARR
$142.9M revenue (est.)
as of Oct 2026
Employees
754
as of Oct 2026
Valuation
$1.5B
10× ARR
ARR / employee
$190K
revenue efficiency
About Collective Health

Collective Health sells a unified TPA platform for self-funded employers. It combines plan administration, member advocacy, care navigation and a partner ecosystem, plus Collective AI, which launched in February 2026 with Google Cloud. It serves 800,000+ members at employers such as Red Bull, Live Nation, Uber and Zoom, and it is paid by employers for administering their plans. It raised about $714–725M in total, including a $280M Series F in May 2021 at a $1.5B valuation. Estimated headcount is about 790 (Aug 2026).

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