Clover Health Loses Co-Founder Ahead of Expansion Outside New Jersey
One of the two founders will leave the insurance startup, which is backed by more than $400 million from Silicon Valley investors.
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Clover Health, an insurance startup propelled by Silicon Valley money, is losing one of its two founders. The setback comes about six months after an investment that valued the company at more than $1 billion.
Kris Gale told employees last month that he’s stepping away from his role as chief technology officer but will remain an adviser. He didn’t detail a reason for his departure, which he said would be official at the end of January. “Getting to this point took a lot out of me, and because of that, I can better serve Clover as an adviser going forward,” he wrote in a message to staff reviewed by Bloomberg.