Price transparency and direct-payment insurance startup Sidecar Health has announced a $125 million Series C round led by Drive Capital. New investors BOND, Tiger Global and Menlo Ventures, as well as prior backers Cathay Innovations and GreatPoint Ventures, also participated.

This raise is a substantial jump in size from its $20 million round back in July or its $18 million raise from 2019. With it, Sidecar said that it's reached a $1 billion valuation.