Bright Health
Health insurtechUSA
📉 Public < $1B
Peak $11 BillionToday
~-99%
from peak
- 🦄Became a unicorn2020
- 📈Peak valuation$11 Billion ’21
- 💔Became a Unitard~2022
- 💸Last valuation~$110M
Current status
Collapsed; asset sales; reverse split
How it happened
Bright Health Group was a U.S. health insurance technology company, reaching a ~$11B valuation at its 2021 IPO. Heavy underwriting losses forced it to exit its insurance markets and sell off assets to survive. A subsequent reverse stock split and collapse in market capitalization cut its value by roughly 99%.