Markets
Chapter Raises $100M Series E at $3B Valuation for AI Medicare Navigation — Revenue Tripled in 2025, Crossing $100M ARR
Chapter, the AI-powered Medicare navigation platform, raised $100M Series E led by Generation Investment Management at a $3B valuation (more than doubled since prior round less than a year ago). Revenue tripled in 2025 surpassing $100M ARR. Unlike commission-driven Medicare marketplaces, Chapter's AI-backed licensed advisors review all available plans nationwide with no insurer ties. Plans to expand beyond Medicare into broader retirement financial services. For builders: this is the vertical AI playbook — replace commission-driven marketplaces with AI-native advisory aligned to the consumer, not the vendor.
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