Sidecar Health is an American health insurance company headquartered in El Segundo, California. The company offers insurance plans serving the large group, ACA and IFP markets in 18 states.
Sidecar Health was founded in El Segundo, California in 2018 by Patrick Quigley and Veronica Osetinsky. The pair were previously executives at Katch, an online advertising technology company and customer acquisition marketplace for insurers.
The company launched its first insurance product in 2019 in Texas, as the state's large uninsured population offered a sizable potential customer base. By the end of the year, Sidecar Health had expanded to Alabama, Arkansas, Florida, Georgia, Kentucky, and North Carolina.
Sidecar Health initially raised $18 million in funding through venture capital firms GreatPoint Ventures and Morpheus Ventures. In July 2020, it raised $20 million in a new round of funding that included Comcast Ventures, Kauffman Fellows, and 23andMe CEO Anne Wojcicki. It closed its Series C funding round in January 2021, led by Drive Capital, at $125 million—bringing it to a $1 billion valuation, often referred to as unicorn status. Funding supported staffing and further expansion, along with investment in new insurance products. As of 2022, the company operates in 18 states: Alabama, Arkansas, Arizona, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Mississippi, Ohio, Oklahoma, North Carolina, South Carolina, Tennessee, Texas, and Utah.