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Countless Health Insurance startups are being launched every day.
Many fail because they did not learn from the success of other companies who've managed to rise above.
We just published this list of 31 well-known and fast-growing Health Insurance companies that impressed investors.
31 Health Insurance Startups
1) Bright Health
Bright Health is working on a health insurance platform that will provide a high-quality healthcare experience.
Details of the startup:
- Country: United States
- City: Minneapolis
- Started in: 2015
- Founders: Kyle Rolfing, Robert John Sheehy, Tom Valdivia
- Number of employees: 501-1000
- Funding amount: $1,575,000,000
- Number of funding rounds: 5
- Number of investors: 17
You can find their website here.
2) MediBuddy
MediBuddy is a digital healthcare platform that offers inpatient and outpatient hospitalization, as well as corporate wellness benefits.
Details of the startup:
- Country: India
- City: Bengaluru
- Started in: 2000
- Founders: Satish Kannan
- Number of employees: 1001-5000
- Funding amount: $67,132,379
- Number of funding rounds: 5
- Number of investors: 12
You can find their website here.
3) Nayya
Nayya is a platform for managing and experiencing insurance benefits that addresses health plan issues.
Details of the startup:
- Country: United States
- City: New York
- Started in: 2019
- Founders: Akash Magoon, Sina Chehrazi
- Number of employees: 11-50
- Funding amount: $50,700,000
- Number of funding rounds: 3
- Number of investors: 13
You can find their website here.
4) Collective Health
Collective Health is a corporation that offers a non-traditional health insurance option.
Details of the startup:
- Country: United States
- City: San Francisco
- Started in: 2013
- Founders: Ali Diab, Rajaie Batniji
- Number of employees: 501-1000
- Funding amount: $719,000,000
- Number of funding rounds: 6
- Number of investors: 29
You can find their website here.
5) Vim
Vim is a technology firm that creates digital infrastructure for the healthcare industry.
Details of the startup:
- Country: United States
- City: San Francisco
- Started in: 2015
- Founders: Asaf David, Oron Afek, Yael Peled
- Number of employees: 51-100
- Funding amount: $71,900,000
- Number of funding rounds: 4
- Number of investors: 8
You can find their website here.
6) Bicycle Health
Bicycle Health is a virtual addiction care clinic that specializes in the treatment of opioid addiction.
Details of the startup:
- Country: United States
- City: San Francisco
- Started in: 2017
- Founders: Ankit Gupta
- Number of employees: 1-10
- Funding amount: $32,276,131
- Number of funding rounds: 2
- Number of investors: 5
You can find their website here.
7) Plum
Health insurance and perks of high quality
Details of the startup:
- Country: India
- City: Bengaluru
- Started in: 2019
- Founders: Abhishek Poddar, Saurabh Arora
- Number of employees: 11-50
- Funding amount: $20,645,163
- Number of funding rounds: 5
- Number of investors: 23
You can find their website here.
8) Catch
Catch is a new type of personal safety net that is both accessible and affordable.
Details of the startup:
- Country: United States
- City: Boston
- Started in: 2017
- Founders: Andrew Ambrosino, Kristen Anderson
- Number of employees: 11-50
- Funding amount: $17,649,495
- Number of funding rounds: 5
- Number of investors: 17
You can find their website here.
9) Turtlemint
Turtlemint is an insurtech platform that helps people find and buy the right insurance products.
Details of the startup:
- Country: India
- City: Mumbai
- Started in: 2015
- Founders: Anand Prabhudesai, Dhirendra Mahyavanshi, Kunal Shah
- Number of employees: 251-500
- Funding amount: $77,000,000
- Number of funding rounds: 5
- Number of investors: 10
You can find their website here.
10) Sidecar Health
Sidecar Health is an insurtech firm that offers a customizable health insurance platform.
Details of the startup:
- Country: United States
- City: El Segundo
- Started in: 2018
- Founders: Patrick Quigley, Veronica Osetinsky
- Number of employees: 51-100
- Funding amount: $163,000,000
- Number of funding rounds: 3
- Number of investors: 11
You can find their website here.
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11) GoBear
GoBear is an insurance, credit card, and loan comparison service.
Details of the startup:
- Country: Singapore
- City: Singapore
- Started in: 2014
- Founders: Frank Stevenaar, Ivonne Bojoh, Marnix Zwart
- Number of employees: 101-250
- Funding amount: $97,000,000
- Number of funding rounds: 2
- Number of investors: 2
You can find their website here.
12) Coverfox Insurance
Coverfox Insurance is an insurtech company that offers simple online insurance brokerage services.
Details of the startup:
- Country: India
- City: Mumbai
- Started in: 2013
- Founders: Devendra Rane, Varun Dua
- Number of employees: 501-1000
- Funding amount: $51,250,370
- Number of funding rounds: 6
- Number of investors: 13
You can find their website here.
13) Star Health and Allied Insurance
Medical Insurance, Accident Insurance, and Travel Insurance Plans are all available from Star Health and Allied Insurance.
Details of the startup:
- Country: India
- City: Nungambakkam
- Started in: 2006
- Number of employees: 1001-5000
- Funding amount: $173,773,498
- Number of funding rounds: 3
- Number of investors: 6
You can find their website here.
14) Infermedica
Infermedica is a leading digital health startup that specializes in AI-powered pre-diagnosis and patient triage solutions.
Details of the startup:
- Country: Poland
- City: Wroclaw
- Started in: 2012
- Founders: Irving Loh, Piotr Orzechowski, Roberto Sicconi
- Number of employees: 51-100
- Funding amount: $14,950,000
- Number of funding rounds: 9
- Number of investors: 10
You can find their website here.
15) Alice
Alice is a tech-driven healthcare firm that uses B2C health insurance to help people live better lives.
Details of the startup:
- Country: Brazil
- City: Sao Paulo
- Started in: 2019
- Founders: André Florence, Guilherme Azevedo, Matheus Moraes
- Number of employees: 101-250
- Funding amount: $47,800,000
- Number of funding rounds: 3
- Number of investors: 5
You can find their website here.
16) ottonova
ottonova is a new digital health insurance company in Germany.
Details of the startup:
- Country: Germany
- City: Munich
- Started in: 2015
- Founders: Frank Birzle, Roman Rittweger, Sebastian Scheerer
- Number of employees: 101-250
- Funding amount: € 85,000,000
- Number of funding rounds: 4
- Number of investors: 6
You can find their website here.
17) Artivatic.ai
Artivatic's patent-pending technology helps insurance companies tackle problems like onboarding, fraud, risk profiling, underwriting, and claims.
Details of the startup:
- Country: India
- City: Bengaluru
- Started in: 2018
- Founders: Layak Singh
- Number of employees: 51-100
- Funding amount: $1,153,010
- Number of funding rounds: 6
- Number of investors: 8
You can find their website here.
18) PolicyBazaar
PolicyBazaar is a financial product comparison website that specializes in life insurance and general insurance.
Details of the startup:
- Country: India
- City: Gurgaon
- Started in: 2008
- Founders: Alok Bansal, Avaneesh Nirjar, Manoj Sharma, Tarun Mathur, Yashish Dahiya
- Number of employees: 10001+
- Funding amount: $766,600,000
- Number of funding rounds: 13
- Number of investors: 22
You can find their website here.
19) Elma
Using technology and running an insurance company, Elma makes healthcare access a patient-centric and completely customized experience.
Details of the startup:
- Country: Spain
- City: Barcelona
- Started in: 2017
- Founders: Albert Malagarriga, Miguel Antón
- Number of employees: 11-50
- Funding amount: € 7,100,000
- Number of funding rounds: 3
- Number of investors: 7
You can find their website here.
20) Toffee Insurance
Toffee Insurance is a one-stop shop for all of your insurance needs.
Details of the startup:
- Country: India
- City: Gurgaon
- Started in: 2017
- Founders: Nishant Jain, Rohan Kumar
- Number of employees: 51-100
- Funding amount: $7,100,000
- Number of funding rounds: 4
- Number of investors: 6
You can find their website here.
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21) TeleClinic
TeleClinic is a communication technology that allows doctors and patients to communicate easily and securely across Germany.
Details of the startup:
- Country: Germany
- City: Munich
- Started in: 2015
- Founders: Katharina Juenger, Patrick Palacin, Reinhard Meier
- Number of employees: 11-50
- Funding amount: € 9,000,000
- Number of funding rounds: 2
- Number of investors: 2
You can find their website here.
22) AppMan
AppMan is a leading insurtech for life insurance in Thailand and the Asian market, offering technologies to improve sales experience.
Details of the startup:
- Country: Thailand
- City: Huai Khwang
- Started in: 2011
- Founders: Amarit Franssen, Nuttapon Kongkitimanon, Pak Rattidham, Thanapoom Chareonsiri
- Number of employees: 101-250
- Funding amount: THB139,000,000
- Number of funding rounds: 1
- Number of investors: 5
You can find their website here.
23) PlusSimple
PlusSimple.fr is an insurance Robo-Broker for freelancers, small enterprises, and large corporations.
Details of the startup:
- Country: France
- City: Paris
- Started in: #N/A
- Founders: Anthony Jouannau, Eric Mignot, Salah Hamida
- Number of employees: 51-100
- Funding amount: € 30,800,000
- Number of funding rounds: 3
- Number of investors: 4
You can find their website here.
24) Sehteq
Sehteq is a Dubai-based health insurance firm using Oscar-like technologies.
Details of the startup:
- Country: United Arab Emirates
- City: Dubai
- Started in: 2017
- Founders: Saif AlJaibeji
- Number of employees: 101-250
- Funding amount: $20,000,000
- Number of funding rounds: 1
- Number of investors: 1
You can find their website here.
25) Telemedi.co
For insurance and medical firms, revolutionizing healthcare services.
Details of the startup:
- Country: Poland
- City: Warsaw
- Started in: 2014
- Founders: Paweł Sieczkiewicz, Piotr Słomian
- Number of employees: 51-100
- Funding amount: $7,389,296
- Number of funding rounds: 2
- Number of investors: 5
You can find their website here.
26) CDP Group
CDP's integrated technology platform provides a comprehensive set of products and services for Human Capital Management.
Details of the startup:
- Country: China
- City: Shanghai
- Started in: 2004
- Founders: Wei Wang
- Number of employees: 501-1000
- Funding amount: $118,340,000
- Number of funding rounds: 4
- Number of investors: 7
You can find their website here.
27) Medigo
Medigo makes high-quality healthcare available to people all over the world.
Details of the startup:
- Country: Germany
- City: Berlin
- Started in: 2013
- Founders: Ieva Soblickaite, Pawel Cebula, Ugur Samut
- Number of employees: 11-50
- Funding amount: € 10,450,000
- Number of funding rounds: 6
- Number of investors: 5
You can find their website here.
28) Yuanbao Insurance Research Institute
Yuanbao has a nationwide insurance brokerage company and is a favored Internet insurance platform under the Yuanbao Group.
Details of the startup:
- Country: China
- City: Changyang
- Started in: 2019
- Funding amount: CN¥1,000,000,000
- Number of funding rounds: 1
- Number of investors: 4
You can find their website here.
29) Leapstack
Leapstack is a healthcare-focused insurtech firm that specializes in big data artificial intelligence technologies.
Details of the startup:
- Country: China
- City: Shanghai
- Started in: 2016
- Founders: Gejie Liu, Zhiyang Guo
- Number of employees: 51-100
- Funding amount: $14,531,082
- Number of funding rounds: 3
- Number of investors: 9
You can find their website here.
30) Insgeek
Insgeek is a one-stop shop for employee welfare insurance and health management for businesses.
Details of the startup:
- Country: China
- City: Beijing
- Started in: 2014
- Founders: Li Shuo, Ren Bin
- Number of employees: 1-10
- Funding amount: $47,427,777
- Number of funding rounds: 5
- Number of investors: 6
You can find their website here.
31) Sunshine Insurance Group
Sunshine Insurance Group Company Limited sells and services insurance.
Details of the startup:
- Country: China
- City: Beijing
- Started in: 2007
- Founders: Zhang Weigong
- Number of employees: 5001-10000
- Funding amount: $30,470,000
- Number of funding rounds: 1
- Number of investors: 1
You can find their website here.
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Industry
FAQs
Do startups offer good health insurance? ›
Most startups do not offer healthcare benefits because they cannot afford them. However, bigger companies with more employees are happy to offer the benefits as they have bigger budgets. This, therefore, means that startups should only offer health insurance if they can.
What is a healthcare tech startup? ›Healthcare startups have emerged to take advantage of that growing emphasis on technology, coming up with novel ways to treat and diagnose patients, providing more affordable care options and quickening the pace of drug discovery and development.
Is health insurance a growing industry? ›The Health and Medical Insurance industry has experienced strong growth over the five years to 2022 as a result of mostly consistent growth in total health expenditure. The industry has also benefited from an aging population due to the aging baby boomer population.
Is health insurance a profitable business? ›(CNN) - As Americans fork over more and more of their income to pay for rising premiums and deductibles on their health insurance, the major insurance companies are raking in record profits.