Gunjali .’s Post

Exciting News Alert! Flashaid, the innovative healthcare and insurtech company, has secured a significant $2.5 million in a pre-Series A funding round! Led by Piper Serica Angel Fund and global venture capital firm SOSV, with participation from Z21 Ventures Fund and ZNL Growth Fund, this funding will fuel Flashaid's expansion into six new cities. Founded by Manoj Gupta and Gunjali Kothari, Flashaid is revolutionizing India's health insurance landscape by forging exclusive tie-ups with insurance companies and partnering with e-commerce platforms to distribute insurance products. With a full-stack health solution and API-centric strategy, Flashaid aims to make health insurance accessible and affordable to millions of informal workers in India. Abhay Agrawal, Managing Director of Piper Serica Angel Fund, praised Flashaid's innovative approach, while Oscar Ramos, Managing Director of SOSV, highlighted the founders' dedication to addressing healthcare challenges. As the retail health insurance market continues to grow rapidly, Flashaid is well-positioned for success, with partnerships with over 20 platforms and a profitable EBITDA level. With an impressive ARR of $1 million and plans to reach $10 million ARR in the next two years, Flashaid is poised for exponential growth, driving industry innovation and promoting health equity in India! #Flashaid #HealthcareInnovation #InsurtechGrowth

Bengaluru-based Healspan, an innovative insurance-tech startup, has successfully secured an undisclosed amount of seed funding led by the esteemed financial services and angel investing network, Lead Angels. This funding round also saw participation from a range of angel investors, including Ankitt Jain (Founder, Paper Arizona), Srijith Nair (Founder & CEO, Gowelnext Solutions Pvt. Ltd. ), and The Doctorpreneur Academy. Notably, Healspan previously closed a pre-seed funding round of INR 1.2 Cr last year. The fresh capital will significantly bolster Healspan's marketing and sales efforts and support growth initiatives. With a commitment to engineering and technology, Healspan aims to deliver tech-enabled solutions that address operational challenges faced by healthcare administrators in hospitals. Co-founders Sabarinath U and Abhi Sinha expressed their excitement about this seed round, emphasizing its timing as they embark on an exponential growth journey. The funds will be pivotal in acquiring top talent, launching new products, expanding their network of hospitals, and increasing market share. Their mission is to simplify health insurance claims and streamline healthcare administration for the long haul. Hanuman Tripathi, Partner at Lead Angels, shared his admiration for Healspan’s tech-led solution to expedite medical insurance claims processing. He highlighted the co-founding team's vision and ethics as key reasons for their support. Lead Angels aims to propel Healspan’s mission, especially amid the rising insurance penetration in the sector. Currently, Healspan has partnered with over 50 hospitals across more than 10 cities in India, achieving a remarkable 3x revenue growth in the past six months. They are targeting a 10x year-on-year growth by FY 2024-25, with plans to expand into Eastern India and cater to at least 200 hospitals. With its advanced platform designed to enhance revenue cycle management and facilitate easy access to working capital, Healspan is well on its way to revolutionizing healthcare administration. Stay tuned for more updates as Healspan continues to make strides in the insurtech market! Read More: https://lnkd.in/eNwidpmN #Insurtech #FundingNews #Healthcare #Innovation #Startups

2017: Why investors gave Varun Dua $30 million even before he launched his startup?? The journey that is answering..... Acko acquired OneCare in All-Cash deal! One Care backed by Better Capital and QED Innovation Labs has omni-channel model for chronic conditions Interestingly, Acko earlier acquired Parentlane (Acquired by ACKO) in March 23 - A digital health platform for Mother-Child. Expanding its presence in the retail health insurance segment Going Back in 2017, Acko revolutionised segment adopting 'Digital Only' approach with laser sharp focus on 'Deep Questions, More Data Sets for every customer'. Filling up very important gaps. I continue to vouch on rooted things making bigger impact! It's been a buzzing week for startups with news on funding, acquisitions, and happiness around Angel Tax and LTCG. #Innovation #Acquisition #angeltax #ltcg #startups

Six years ago, Hadrien De March and I embarked on a journey to transform the health and life insurance landscape by building the world’s most advanced AI-driven claims platform—one designed to make healthcare more accessible for everyone. Today, I’m excited to share that we’ve reached a major milestone: Qantev has secured a €30 million funding round led by Blossom Capital, with continued support from Elaia, Omnes, and RAISE Venture. We’re also thrilled to welcome Ophelia Brown, to our board as we enter this new phase of growth. This investment will enable us to accelerate our mission by enhancing our platform with cutting-edge workflow and AI capabilities, expanding our team with top-tier talent across engineering, AI and product, and growing our global presence, particularly. I'm incredibly proud of our amazing team, whose dedication to delivering complex enterprise software solutions in business-critical environments around the world is making a significant impact on key players in the healthcare ecosystem. I’d like to say a heartfelt thank you to the team who made this incredible ambition come true. 🙏 #Funding #Investment #InsurTech #AI #Claims #Healthcare #Insurance #MachineLearning Ophelia Brown, Anne-Sophie CARRESE, Michel de Lempdes, Stéphane PESQUE, Gwénaël Moy, Hadrien De March, Adrien Terrier, Rosario Spini, Sylvain Emery, Victor Nove-Josserand

Anterior, an AI-driven startup streamlining health insurance approvals, has raised $20 million in a Series A funding round led by NEA, achieving a post-money valuation of $95 million. Existing investors Sequoia and Neo also participated, alongside angel investor Mustafa Suleyman, co-founder of DeepMind and Inflection AI. Anterior, co-founded by former doctor Abdel Mahmoud, employs AI to assist medical professionals in gathering necessary insurance documentation, aiming to reduce denial rates and expedite patient care. The company's initial focus on prior authorisation automation is set to expand into other medical administrative functions. NEA’s Mohamad Makhzoumi, known for investments in Tempus and Xaira, joins Anterior’s board. Anterior competes with Cohere Health, which raised $50 million in February #Anterior #Startup #Funding #AI

Paris-based Qantev raises €30 million to continue building AI-driven claims platform for health and life insurers: Qantev, an advanced AI-powered platform transforming how health and life insurers manage claims, reduce costs and improve services, has raised €30 million in a new funding round led by Blossom Capital, with participation from existing investors Elaia, Omnes and Raise Venture. With this new capital, Qantev plans to focus on three key areas: Enhancing the […] The post Paris-based Qantev raises €30 million to continue building AI-driven claims platform for health and life insurers appeared first on EU-Startups. #startupnews #startups

📈 ClaimBuddy Raises $5 Million to Revolutionize Insurance Claims. 📝 SUMMARY: ClaimBuddy, an insurtech startup, has secured $5 Mn in its Series A funding round led by Bharat Innovation Fund (BIF), with participation from CAC Capital, Chiratae Ventures, and Rebright Partners. The Delhi NCR-based company plans to utilize the funds to bolster its technological infrastructure, expand its workforce, and enhance its product offerings. ClaimBuddy, founded in 2020, aims to simplify medical insurance claims for patients while providing digital solutions to streamline the claims process for partner hospitals. 🔑 KEY POINTS: - Funding Details: ClaimBuddy's Series A round, led by BIF, raised $5 Mn, enabling the startup to further develop its technology, expand its team, and enhance its product lineup. - Company Mission: ClaimBuddy offers a comprehensive platform for medical insurance claims, focusing on ensuring a seamless experience for patients and providing digital tools for hospitals to streamline their claims processes. - Impactful Investment: CEO Rajpurohit sees the funding as an opportunity to introduce innovative financial tools and scale operations to drive positive change in the healthcare industry. - Competitive Landscape: ClaimBuddy faces competition from other insurtech startups like ClaimTherapist and Bima Garage in the Indian market, which is witnessing an emergence of digital-first insurance solutions to address legacy issues. - Market Opportunity: The Indian insurtech space is rapidly growing, attracting investors and startups alike, with the potential to capture a significant portion of the overall fintech opportunity in the country by 2030. 🌱 OUTLOOK: - With substantial funding and a focus on innovation, ClaimBuddy is poised to disrupt the Indian insurance sector by offering user-friendly solutions for both patients and hospitals. As part of the thriving insurtech ecosystem, ClaimBuddy aims to play a pivotal role in reshaping the future of insurance claims processing in India. ClaimBuddy #ClaimBuddy #Insurance #Insurtech #Funding #Healthcare #DigitalTransformation #StartUpNews #BusinessNews #MicroShots

Congrats to Eniac Ventures seeded Nirvana on their big A! 🚀 "Nirvana, a startup aiming to give health care providers and consumers the price of treatment before an appointment, raised $24.2 million in Series A funding, it tells Axios exclusively. Why it matters: The raise comes amid a push for greater transparency in health care bills, with one new government rule put into effect in 2021 and more being considered today. What they're saying: "In some weird behavioral way, people were used to the fact that you would sit in a waiting room for six hours and get the bill six weeks later," says Nirvana CPO Kelvin K Chan. "Looking back, that's incredibly strange and archaic, but I think that mentality is starting to shift." How it works: Embedded into health care providers' websites, the software reduces the chances that an insurance claim will be denied after the fact. It does so by using the patient's name, date of birth, and ZIP code to verify a consumer's coverage, Nirvana says. Traditionally, providers required the insurance ID card, which the company's executives say is susceptible to human error. Combining that with information from the provider about the consumer's condition, Nirvana offers an estimate of the appointment cost at the time of booking. Northzone led this round, joined by Inspired Capital, Eniac Ventures and Surface Ventures." Akshay Venkitasubramanian https://lnkd.in/ewznnP3y https://lnkd.in/ey4DPNBE

More Exciting Ovum Health news! After four intense months of diligence, our equity crowdfunding campaign is live on StartEngine! If you want to help transform how preconception care is delivered, join us as an investor. Click the story below to hear our "why." There are a few reasons I am open to equity crowdfunding (this is my second raise): 1. It truly democratizes access to investing in startups. Every person can buy public stock, so I love that all people can buy private stock now too. 2. The governance required to get approved is no joke. Just going live with a campaign is indicative of a mature level of governance that sets us apart from other startups. 3. It's only one line item on our cap table yet it can create brand ambassadors across the globe! Link to join us as an investor in the comments below! and also here: https://lnkd.in/geY3aC-F Lauren Haring Santiago Munne Latrice Allen Kirby Plessala Laurence Jacobs, M.D. Dember Castañeda Ashlyn Krantz Jag Padala Sukesh Belenje

🚀 Exciting News! Berlin-based insurtech, Embea, just raised €4 million in seed funding! 🌐💼 🌟 Atlantic Labs and astorya.vc led the funding round, joined by industry leaders like Jamie Hale, Daniel Khachab, and Michael Cassau. 🔍 Embea is known for pioneering embedded insurance, expanding from gadget to life coverage. They make getting insurance seamless during non-insurance activities like travel booking or loan securing, cutting out brokers and dedicated websites. 💻 Responding to the demand for embedded insurance, Embea empowers digital platforms, helping them diversify revenue with integrated life insurance offerings. Their no-code embedded checkout tech streamlines the process for digital banks and fintech firms. 💰 In a challenging market, Embea's €4M investment is a beacon of success. According to Florian Graillot of astorya.vc, Embea's approach is a significant advancement in insurtech. 🗣️ Embea's CEO, Dr. Johannes Becher, is optimistic: "By embedding life insurance, we help underserved groups access vital coverage and enable partners to generate additional income." 👏 Cheers to Embea for shaping the future of insurtech! 🌈💪 #Innovation #InsurtechSuccess #EmbeddedInsurance #Insurtech #FundingSuccess https://lnkd.in/dhj255e2