The Medicare startup with links to chapters, Vance, Thiel and Ramaswamy has raised the round with a $1.5 billion valuation.

Chapter, the Medicare advisory startup co-founded by former Republican president Vivek Ramaswamy, $75 million funding round At a $1.5 billion valuation led by private equity and venture company Stripe.

The startup will help seniors choose a Medicare health plan that analyzes doctors, hospitals and prescription drug coverage. Unlike many other Medicare insurance brokers, the chapter argues that it prioritizes client needs over insurance companies’ profits.

Narayathe VC company founded by Vice President JD Vance, led the Series A round of chapters in 2020. Peter Thiel, who also invested in the company, envisaged Vance’s board meeting seat when Vance resigned from running for the Senate in 2021.

Thiel then resigned from the chapter’s board, but Democrat Donna Sharala, who served as the Department of Health and Human Services secretary during the Clinton administration and later as a US lawmaker, filled the vacancy. Sharara I told Bloomberg The role of Ramaswamy and the investment from Republicans Vance and Thiel were not an issue. “I don’t think the company is political.”