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Cardiotrack secures $2 million in pre-series A funding, propelling its innovative at-home healthcare screening technology to new heights. The investment, led by Girish Narasimhan, signals a promising future for the Bengaluru-based startup in revolutionizing health and life insurance experiences. If you're interested in more comprehensive information, you can download the PDF and read the complete details. Follow our Corenza page for more such updates. #funding #startups #healthcare

French Health Insurance Unicorn, Alan, Eyes Profitability Despite Losses: Will AI come to its Rescue? French health insurance startup Alan has achieved remarkable growth, acquiring 5,000 new clients in 2023 and boasting a 39% revenue increase. Despite this success, the challenge lies in profitability, with reported losses of $63 million. Undeterred, Alan is steadfast in its goal to reach profitability in France by 2025 and expand across all markets by 2026. The 2024 outlook emphasizes efficient scaling, with a minimal 5% team growth and a focus on a self-serve app, automated processes, and a preventive care resource library to enhance productivity by 40%. Facing late-stage funding challenges, Alan highlights its robust cash position and openness to unsolicited offers, though not actively seeking new funding. Key Takeaways: • Impressive growth poses profitability challenges. • Efficient scaling through technology and automation. • AI pivotal in improving efficiency and productivity. • Flexible and opportunistic future funding strategy. Alan stands as a compelling example of leveraging tech and AI to navigate financial challenges, ensuring growth while eyeing profitability. 🌐💡 #HealthTech #AI #Startups #Growth #ProfitabilityJourney

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

Employee healthcare platform Onsurity has successfully raised ₹219 crore (~$26.4 million) in a new funding round led by  Creaegis, with participation from existing investors Nexus Venture Partners and Quona Capital. The funding comes as part of Onsurity's strategic plans for growth and expansion. Creaegis took the lead in this round, contributing ₹176.4 crore, while Nexus and Quona added ₹31.4 crore and ₹11.9 crore, respectively. With this infusion of capital, Creaegis now holds a 17.10% stake in the company, with Nexus and Quona commanding 28.22% and 12.82% stakes. Founded in 2020 by Yogesh Agarwal and Kulin Shah, Onsurity offers subscription-based healthcare services for businesses, extending coverage to full-time employees, contractors, interns, and consultants. The company also provides a range of insurance products, including cyber insurance and D&O liability insurance, through its subsidiary. This new funding round is set to fuel Onsurity's ambitious growth plans, enhance its working capital, and support overall corporate objectives. Kudos to the Onsurity team! This is a significant milestone in reshaping the employee healthcare landscape in India. Read More: https://lnkd.in/gnccjq2Z #Onsurity #FundingNews #HealthcareTech #StartupNews #Creaegis #NexusVenturePartners #QuonaCapital #EmployeeHealthcare #IndianStartups #Growth #Expansion #InsuranceTech

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

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

Flashaid (Orbit 2023), an India-based insurtech startup has raised $2.5 million in pre-Series A funding. The investment will fuel expansion into six new cities and enhance their API-first health insurance solution. Co-founded by Manoj Gupta and Gunjali . , Flashaid aims to revolutionize India's health insurance market by making it more accessible and affordable, especially for informal workers. Their innovative digital platform overcomes traditional agent-led models and distributes tailor-made insurance products through e-commerce partnerships. The company is targeting a retail health insurance market poised to reach $25 billion by 2028. "The unwavering dedication from Manoj Gupta and Gunjali . and their team has played a pivotal role in discovering a technological solution that facilitates access to healthcare insurance for millions of India's informal workers. We're thrilled to collaborate with the Flashaid team to introduce this indispensable service to the broader market." - Oscar Ramos Managing General Partner at Orbit Startups 🔗 Read more at The Economic Times: https://lnkd.in/g6NCM7jq William Bao Bean Oscar Ramos Kenneth Cheung Elva Ren Francesca Tang #emergingmarkets #startups #frontiermarkets #sustainability #digitization #economicindependence #healthcare #investment #TechFunding

As the world of healthcare continues to evolve, one of the biggest complaints about self-pay care is the anxiety around price. But what if AI-enabled tools perform well and providers make price transparency a priority? Startups like ours are stepping up to the challenge and utilizing AI to simplify the health insurance shopping experience. Meet Jamie, our AI-powered assistant designed specifically for simplifying the health insurance shopping experience during a job transition. With Jamie, When uses AI and a white glove concierge service to alleviate the anxiety and confusion that comes with selecting a health insurance plan after a job loss. By utilizing AI and prioritizing price transparency, startups like ours are able to help mitigate one of the biggest complaints about self-pay care. Check out this Crunchbase story to learn more about startups and AI impacting the healthcare industry. #healthcare #startup #AI #healthinsurance #jobtransition #price #transparency #offboarding #readyforwhen