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Health Care Health Diagnostics Health Insurance Southeast Asia

Indonesia-based Rey Assurance launches its holistic approach to insurance with $1M in funding

– Rey Assurance, an Indonesian insurtech startup, raised $1m in pre-seed funding.
– The round was led by Trans-Pacific Technology Fund (TPTF).
– TPTF managing partner Glenn Kline said that Rey’s founding team was “really the driver” for its investment.
– Rey was founded this year by Evan Tanotogono, former head of digital channel at Sequis, one of Indonesia largest insurers, and Bobby Siagian, who held lead engineering roles at companies including Tokopedia and Sea Group.
– They created Rey to address the low penetration of life and health insurance in Indonesia.

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Auto Insurance Commercial Insurance FinTech Health Insurance Insurance InsurTech Predictive Analytics Property Insurance Southeast Asia

Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent

– Sunday, an insurtech startup based in Bangkok, announced it has raised a $45m Series B.
– Investors include Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Quona Capital, Aflac Ventures and Z Venture Capital.
– The company says the round was oversubscribed, and that it doubled its revenue growth in 2020.
– Founded in 2017, Sunday describes itself as a “full-stack” insurtech, which means it handles everything from underwriting to distribution of its policies.
– Its products currently include motor and travel insurance policies that can be purchased online, and Sunday Health for Business, a healthcare coverage program for employers.
– Sunday also offers subscription-based smartphone plans through partners.

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Health Care Health Insurance Home Health Care North America

NationsBenefits Raises More Than $170 Million of Growth Capital Led by The Pritzker Organization, Denali Growth Partners, and Monroe Capital

– NationsBenefits has raised more than $170m in growth financing.
The Pritzker Organization and Denali Growth Partners led the minority equity investment, with support from Monroe Capital.
– The funding will be used to enhance NationsBenefits’ existing service offerings and expand the company’s capabilities.
– Founded in 2015, NationsBenefits’ mission is to help its customers achieve a better quality of life through supplemental benefit solutions.
– The company focuses on innovation and bringing consumer-centric technology to market that meets its customers’ needs where they are—on their terms—through clinically focused interventions while also promoting independence, health, and well-being with best-in-class service.
– Currently, the company serves more than 20 million members across the U.S.

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FinTech Freelance Health Insurance Insurance North America Personal Finance Retirement Wealth Management

Catch takes hold of $12M to provide benefits that aren’t tied to employers

– Catch, a health insurance and retirement savings company, raised $12m in Series A funding.
– The round was led by Crosslink and joined by earlier investors Khosla Ventures, NYCA Partners, Kindred Ventures and Urban Innovation Fund.
– The company plans to use the funding to increase its headcount to service those partnerships and go after more.

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Biotechnology Electronic Health Record (EHR) Health Care Health Insurance North America Personal Health Pharmaceutical

b.well Connected Health Raises $32M in Series B Funding

– b.well Connected Health is a digital transformation platform for healthcare.
– The company raised $32m in Series B financing round.
– The round was led by HLM Venture Partners (HLM) with participation from existing backers ThedaCare, UnityPoint Health Ventures, and Well Ventures–a subsidiary of Walgreens Boots Alliance, Inc.
– The new investment will be used to increase market penetration and advance product innovations.

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Health Care Health Insurance North America Personal Health

Bicycle Health Raises $27M in Series A Funding

– Bicycle Health, a Boston, MA-based virtual care provider of evidence based treatment for opioid use disorder (OUD), raised $27M in Series A funding.
– The round was led by Questa Capital with participation from City Light Capital, Emily Melton and previous investor SignalFire.
– The company will use the capital to expand its clinician network, partner with additional payers, invest in research and continue building local community partnerships to reach those without other treatment options.

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Artificial Intelligence B2C Employee Benefits Health Insurance North America Software

Nayya Raises $37M in Series B Funding

– Nayya, a NYC-based insurance benefits experience and healthcare management platform, raised $37M in Series B financing.
– The round was co-led by SVB Capital and ICONIQ Growth and brought total funding to just under $50M.
– The company intends to use the funds to grow the size of its team and invest in new features for its core offerings.

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Employee Benefits Health Care Health Insurance Human Resources Insurance South Asia

Plum Raises $15.6M in Series A Funding

– Plum, a Bengaluru, India-based group health insurance startup, raised $15.6m in Series A funding.
– The round was led by Tiger Global with participation from Sequoia Capital India’s Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital, as well as Kunal Shah (founder, Cred), Gaurav Munjal, Roman Saini and Hemesh Singh (founders of Unacademy), Lalit Keshre, Harsh Jain and Ishan Bansal (founders of Groww), Ramakant Sharma & Anuj Srivastava (founders of Livspace), and Douglas Feirstein (founder of Hired).
– The company intends to use the funds to further scale engineering, business development and operations teams.

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Financial Services FinTech Health Care Health Insurance Information Technology InsurTech North America Online Portals

Health Plan Administration Company Flume Health Raises $10 Million

– Flume is a health plan administration platform for the modern fragmented healthcare ecosystem.
– The company raised $6m in equity funding.
Crosslink Capital led the round and Route 66 Ventures and Convene CEO Ryan Simonetti also participated.
– Existing investors Accomplice, Founder Collective, and Primary Venture Partners also participated in the Seed II round.

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Health Care Health Insurance Hospital Information Technology Machine Learning Medical North America Software

Caresyntax Raises $100M in Series C Funding

– Caresyntax from Boston is a digital surgery platform that provides actionable insights to improve patient outcomes.
– The company closed a $100m Series C funding.
– The round was led by PFM Health Sciences LP and included participation from Optum Ventures, Intel Capital, Lauxera Capital Partners, Vesalius Biocapital III, Arno Capital, Rezayat Investments, as well as current investors IPF Partners, the Relyens Group, and Surgical.
– The new investment will be used to accelerate the company’s global expansion and development of new products.

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Health Care Health Insurance Insurance North America Software

Take Command Health Closes $12.0M Series A Funding

– Take Command Health Closes $12.0M Series A Funding.
– The round was led by LiveOak Venture Partners and SJF Ventures.
– The company intends to use the funds to grow its team, launch new products and features, including a new payments solution, and enhance design support and account management.

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Health Care Health Insurance Insurance Western Europe

Alan raises $220 million for its health insurance and healthcare superapp

– French startup Alan has raised a $220m funding round at a $1.67bn valuation.
Coatue is leading the round with Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital and Temasek also participating.
– Alan has been building health insurance products from scratch.
– The company now covers 160,000 people.
– Overall, Alan generates over €100m in annualized revenue.
– The company has some capital requirements to comply with health insurance regulation.
– Alan managed to meet its goals and international expansion finally started to take off.

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FinTech Health Care Health Insurance Mobile Payments North America

Medxoom Raises $8MM in Series A Financing to Scale its Healthcare Marketplace Solutions

– Medxoom, an Atlanta-based Healthcare Marketplace platform, has raised an additional $8m in venture capital from strategic industry investors.
– The funding round was led by Castellan Group, with participation by existing investors Las Olas VC and TTV Capital, as well as additional participation from healthcare tech and venture communities.
– Funds will be used to expedite business growth, increase staff and expand platform capabilities.
– Medxoom offers its white label platform to plan administrators, payers and healthcare systems to improve member engagement, care selection and payments experiences.
– This latest infusion of capital will drive its payments, financial services and marketplace capabilities to scale.

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Health Care Health Insurance Hospital Insurance Marketplace North America

Gravie Raises $28M in Series D Financing

– Gravie is a Minneapolis, MI-based defined contribution healthcare company.
– The company raised $28m in Series D funding.
– The round was led by AXA Venture Partners, with participation from existing investors FirstMark Capital, Split Rock Ventures and Revelation Partners.
– The new investment will be used to accelerate the company’s growth through investments in product and technology, sales and marketing, and expansion into new markets through new and existing distribution channels.

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Asia Health Care Health Insurance Medical

Medilink Therapeutics Raises $50 Million in Series A Financing To Accelerate Next-Generation Conjugated Drugs Research & Development

– Medilink Therapeutics Raises $50 Million in Series A Financing To Accelerate Next-Generation Conjugated Drugs Research & Development
– The financing includes a series-A1 round led by Apricot Capital, and a series-A2 round co-led by Loyal Valley Capital and Qiming Venture Partners.
– Medilink Therapeutics was established in 2020 by a sophisticated team of industrial veterans.
– Medilink has high ambitions for its ADC R&D to be globally competitive, and meet the needs of global patients in the future.

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Benefits Financial Direct Sales Employee FinTech Health Care Health Insurance Insurance Medical North America Services Sharing Economy

KindHealth Concludes 2020 With $4 Million in Funding

– KindHealth announced $4m in funding.
– The round was led by David Jones of David Jones Capital, LLC.
– KindHealth is an Austin-based, all-in-one digital health insurance platform.
– KindHealth helps consumers find the best individualized and low-cost health insurance.

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Health Care Health Insurance Information Technology North America Personal Health Software

Insightin Health Raises $12M in Series A Funding

– Insightin Health, a Baltimore-based platform which provides complete personalized member engagement for each step of the healthcare journey, raised $12M in Series A funding.
– The round was co-led by the Blue Venture Fund and Blue Heron Capital with participation from existing investors Health Catalyst Capital, Revolution’s Rise of the Rest fund, and SaaS Ventures.
– The new investment will be used to scale the platform and bring on new clients.

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