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The Founder's Handbook

Top 31 Health Insurance Startups in 2024

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Think Health Insurance is boring and everything’s been done before?

Think again.

If you’re in the Health Insurance industry or are interested in starting a company in this space, this article dives into 31 of the hottest fast-growing Health Insurance startups.


31 Health Insurance Startups

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1) GoBear

GoBear

GoBear is an insurance, credit card, and loan comparison service.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2014
  • Founders: Frank Stevenaar, Ivonne Bojoh, Marnix Zwart
  • Number of employees: 101-250
  • Funding: $97,000,000
  • Funding rounds: 2
  • Number of investors: 2 (Aegon, Walvis Participaties)

You can find their website here.

2) Infermedica

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
  • State: Dolnoslaskie
  • City: Wroclaw
  • Started in: 2012
  • Founders: Irving Loh, Piotr Orzechowski, Roberto Sicconi
  • Number of employees: 51-100
  • Funding: $14,950,000
  • Funding rounds: 9
  • Number of investors: 10 (European Bank for Reconstruction and Development, Dreamit Ventures, EASME - EU Executive Agency for SMEs, Heal Capital, Inovo Venture Partners)

You can find their website here.

3) Alice

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
  • State: Sao Paulo
  • City: Sao Paulo
  • Started in: 2019
  • Founders: André Florence, Guilherme Azevedo, Matheus Moraes
  • Number of employees: 101-250
  • Funding: $47,800,000
  • Funding rounds: 3
  • Number of investors: 5 (Endeavor Catalyst, MAYA Capital, Kaszek, Canary, ThornTree Capital Partners)

You can find their website here.

4) ottonova

ottonova

ottonova is a new digital health insurance company in Germany.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2015
  • Founders: Frank Birzle, Roman Rittweger, Sebastian Scheerer
  • Number of employees: 101-250
  • Funding: € 85,000,000
  • Funding rounds: 4
  • Number of investors: 6 (HV Capital, btov Partners, Vorwerk Ventures, TEV Ventures, STS Ventures)

You can find their website here.

5) Elma

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
  • State: Catalonia
  • City: Barcelona
  • Started in: 2017
  • Founders: Albert Malagarriga, Miguel Antón
  • Number of employees: 11-50
  • Funding: € 7,100,000
  • Funding rounds: 3
  • Number of investors: 7 (Antai Venture Builder, Social Starts, Mangrove Capital Partners, Miguel Vicente, Arroba Capital)

You can find their website here.

6) TeleClinic

TeleClinic

TeleClinic is a communication technology that allows doctors and patients to communicate easily and securely across Germany.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2015
  • Founders: Katharina Juenger, Patrick Palacin, Reinhard Meier
  • Number of employees: 11-50
  • Funding: € 9,000,000
  • Funding rounds: 2
  • Number of investors: 2 (Idinvest Partners, Digital Health Ventures)

You can find their website here.

7) AppMan

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
  • State: Krung Thep
  • City: Huai Khwang
  • Started in: 2011
  • Founders: Amarit Franssen, Nuttapon Kongkitimanon, Pak Rattidham, Thanapoom Chareonsiri
  • Number of employees: 101-250
  • Funding: THB139,000,000
  • Funding rounds: 1
  • Number of investors: 5 (Krungsri Finnovate, Siam Alpha Equity, KTBST Securities, POEMS Ventures, Cassette)

You can find their website here.

8) #N/A

9) Sehteq

Sehteq

Sehteq is a Dubai-based health insurance firm using Oscar-like technologies.

Details of the startup:

  • Country: United Arab Emirates
  • State: Dubai
  • City: Dubai
  • Started in: 2017
  • Founders: Saif AlJaibeji
  • Number of employees: 101-250
  • Funding: $20,000,000
  • Funding rounds: 1
  • Number of investors: 1 (971 Capital)

You can find their website here.

10) Telemedi.co

Telemedi.co

For insurance and medical firms, revolutionizing healthcare services.

Details of the startup:

  • Country: Poland
  • State: Mazowieckie
  • City: Warsaw
  • Started in: 2014
  • Founders: Paweł Sieczkiewicz, Piotr Słomian
  • Number of employees: 51-100
  • Funding: $7,389,296
  • Funding rounds: 2
  • Number of investors: 5 (Flashpoint, Black Pearls VC, UNIQA Ventures, Adamed Group, PKO VC)

You can find their website here.

11) Medigo

Medigo

Medigo makes high-quality healthcare available to people all over the world.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2013
  • Founders: Ieva Soblickaite, Pawel Cebula, Ugur Samut
  • Number of employees: 11-50
  • Funding: € 10,450,000
  • Funding rounds: 6
  • Number of investors: 5 (Accel, Atlantic Labs, TA Ventures, Groupe Arnault, CLI Ventures)

You can find their website here.

12) MediBuddy

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
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2000
  • Founders: Satish Kannan
  • Number of employees: 1001-5000
  • Funding: $67,132,379
  • Funding rounds: 5
  • Number of investors: 12 (Bessemer Venture Partners, InnoVen Capital, Stride Ventures, FinSight Ventures, JAFCO Asia)

You can find their website here.

13) Plum

Plum

Health insurance and perks of high quality

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2019
  • Founders: Abhishek Poddar, Saurabh Arora
  • Number of employees: 11-50
  • Funding: $20,645,163
  • Funding rounds: 5
  • Number of investors: 23 (Sequoia Capital, Kunal Shah, Tiger Global Management, Shrishti Sahu, Gaurav Munjal)

You can find their website here.

14) Turtlemint

Turtlemint

Turtlemint is an insurtech platform that helps people find and buy the right insurance products.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 2015
  • Founders: Anand Prabhudesai, Dhirendra Mahyavanshi, Kunal Shah
  • Number of employees: 251-500
  • Funding: $77,000,000
  • Funding rounds: 5
  • Number of investors: 10 (Sequoia Capital India, GGV Capital, Nexus Venture Partners, Blume Ventures, Jungle Ventures)

You can find their website here.

15) Coverfox Insurance

Coverfox Insurance

Coverfox Insurance is an insurtech company that offers simple online insurance brokerage services.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 2013
  • Founders: Devendra Rane, Varun Dua
  • Number of employees: 501-1000
  • Funding: $51,250,370
  • Funding rounds: 6
  • Number of investors: 13 (International Finance Corporation, Accel, InnoVen Capital, SAIF Partners, IFC)

You can find their website here.

16) Star Health and Allied Insurance

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
  • State: Tamil Nadu
  • City: Nungambakkam
  • Started in: 2006
  • Number of employees: 1001-5000
  • Funding: $173,773,498
  • Funding rounds: 3
  • Number of investors: 6 (Sequoia Capital India, GIC, Capital Group, Apis Partners, ICICI Venture)

You can find their website here.

17) Artivatic.ai

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
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2018
  • Founders: Layak Singh
  • Number of employees: 51-100
  • Funding: $1,153,010
  • Funding rounds: 6
  • Number of investors: 8 (Indian Angel Network, Scale Ventures, SenseAI Ventures, Spark10 Accelerator, KFintech)

You can find their website here.

18) PolicyBazaar

PolicyBazaar

PolicyBazaar is a financial product comparison website that specializes in life insurance and general insurance.

Details of the startup:

  • Country: India
  • State: Haryana
  • City: Gurgaon
  • Started in: 2008
  • Founders: Alok Bansal, Avaneesh Nirjar, Manoj Sharma, Tarun Mathur, Yashish Dahiya
  • Number of employees: 10001+
  • Funding: $766,600,000
  • Funding rounds: 13
  • Number of investors: 22 (SoftBank, Tencent, SoftBank Vision Fund, Info Edge, Intel Capital)

You can find their website here.

19) Toffee Insurance

Toffee Insurance

Toffee Insurance is a one-stop shop for all of your insurance needs.

Details of the startup:

  • Country: India
  • State: Haryana
  • City: Gurgaon
  • Started in: 2017
  • Founders: Nishant Jain, Rohan Kumar
  • Number of employees: 51-100
  • Funding: $7,100,000
  • Funding rounds: 4
  • Number of investors: 6 (Flourish Ventures, Kalaari Capital, Omidyar Network, Accion Venture Lab, Vivek Gujral)

You can find their website here.

20) CDP Group

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
  • State: Shanghai
  • City: Shanghai
  • Started in: 2004
  • Founders: Wei Wang
  • Number of employees: 501-1000
  • Funding: $118,340,000
  • Funding rounds: 4
  • Number of investors: 7 (Morgan Stanley, Fidelity, Sumitomo Corporation, 51job, Investor AB)

You can find their website here.

21) Yuanbao Insurance Research Institute

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
  • State: Beijing
  • City: Changyang
  • Started in: 2019
  • Funding: CN¥1,000,000,000
  • Funding rounds: 1
  • Number of investors: 4 (Source Code Capital, Susquehanna International Group (SIG), Cathay Capital, Hike Capital)

You can find their website here.

22) Leapstack

Leapstack

Leapstack is a healthcare-focused insurtech firm that specializes in big data artificial intelligence technologies.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2016
  • Founders: Gejie Liu, Zhiyang Guo
  • Number of employees: 51-100
  • Funding: $14,531,082
  • Funding rounds: 3
  • Number of investors: 9 (DCM Ventures, FinVolution Group, DHVC, UpHonest Capital, Gaorong Capital)

You can find their website here.

23) Insgeek

Insgeek

Insgeek is a one-stop shop for employee welfare insurance and health management for businesses.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2014
  • Founders: Li Shuo, Ren Bin
  • Number of employees: 1-10
  • Funding: $47,427,777
  • Funding rounds: 5
  • Number of investors: 6 (SIG China (SIG Asia Investments), Fosun RZ Capital, Legend Holdings, THG Ventures, Huaxing Growth Capital)

You can find their website here.

24) Sunshine Insurance Group

Sunshine Insurance Group

Sunshine Insurance Group Company Limited sells and services insurance.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2007
  • Founders: Zhang Weigong
  • Number of employees: 5001-10000
  • Funding: $30,470,000
  • Funding rounds: 1
  • Number of investors: 1 (Xinhu Zhongbao Co Ltd)

You can find their website here.

25) Bright Health

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
  • State: Minnesota
  • City: Minneapolis
  • Started in: 2015
  • Founders: Kyle Rolfing, Robert John Sheehy, Tom Valdivia
  • Number of employees: 501-1000
  • Funding: $1,575,000,000
  • Funding rounds: 5
  • Number of investors: 17 (Bessemer Venture Partners, New Enterprise Associates, Tiger Global Management, T. Rowe Price, Redpoint)

You can find their website here.

26) Catch

Catch

Catch is a new type of personal safety net that is both accessible and affordable.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2017
  • Founders: Andrew Ambrosino, Kristen Anderson
  • Number of employees: 11-50
  • Funding: $17,649,495
  • Funding rounds: 5
  • Number of investors: 17 (Khosla Ventures, Y Combinator, Nyca Partners, Kleiner Perkins, Kindred Ventures)

You can find their website here.

27) Sidecar Health

Sidecar Health

Sidecar Health is an insurtech firm that offers a customizable health insurance platform.

Details of the startup:

  • Country: United States
  • State: California
  • City: El Segundo
  • Started in: 2018
  • Founders: Patrick Quigley, Veronica Osetinsky
  • Number of employees: 51-100
  • Funding: $163,000,000
  • Funding rounds: 3
  • Number of investors: 11 (Menlo Ventures, Tiger Global Management, Cathay Innovation, Drive Capital, GreatPoint Ventures)

You can find their website here.

28) Nayya

Nayya

Nayya is a platform for managing and experiencing insurance benefits that addresses health plan issues.

Details of the startup:

  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2019
  • Founders: Akash Magoon, Sina Chehrazi
  • Number of employees: 11-50
  • Funding: $50,700,000
  • Funding rounds: 3
  • Number of investors: 13 (Felicis Ventures, SVB Capital, Entrepreneurs Roundtable Accelerator, Social Leverage, Bow Capital)

You can find their website here.

29) Collective Health

Collective Health

Collective Health is a corporation that offers a non-traditional health insurance option.

Details of the startup:

  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2013
  • Founders: Ali Diab, Rajaie Batniji
  • Number of employees: 501-1000
  • Funding: $719,000,000
  • Funding rounds: 6
  • Number of investors: 29 (SoftBank Vision Fund, Founders Fund, New Enterprise Associates, Gaingels, GV)

You can find their website here.

30) Vim

Vim

Vim is a technology firm that creates digital infrastructure for the healthcare industry.

Details of the startup:

  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2015
  • Founders: Asaf David, Oron Afek, Yael Peled
  • Number of employees: 51-100
  • Funding: $71,900,000
  • Funding rounds: 4
  • Number of investors: 8 (GreatPoint Ventures, Optum Ventures, Anthem, Walgreens Boots Alliance, KittyHawk Ventures)

You can find their website here.

31) Bicycle Health

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
  • State: California
  • City: San Francisco
  • Started in: 2017
  • Founders: Ankit Gupta
  • Number of employees: 1-10
  • Funding: $32,276,131
  • Funding rounds: 2
  • Number of investors: 5 (SignalFire, City Light Capital, Romulus Capital, Questa Capital Management, Emily Melton)

You can find their website here.

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