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Top 6 Health Insurance Unicorn Companies in 2023

Divvy, BILL’s spend and expense management solution, is one of the easiest and most efficient ways to manage your company spend.

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The Health Insurance industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

If you want to build the next unicorn in the Health Insurance space, these 6 companies should be your inspiration.

6 Health Insurance Unicorns Companies

Accelerators & Incubators List
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2,658 Accelerators & Incubators

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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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Complete Unicorns List
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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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1) Alan

Alan

Alan is a platform that uses technology to make health insurance more convenient and affordable.

Details of the startup:

  • Valuation: $2.85B (April 2021)
  • Country: France
  • City: Paris
  • Started in: 2016
  • Founders: Charles Gorintin, Jean Charles Samuelian
  • Number of employees: 100-250
  • Funding: $363.17M
  • Funding rounds: 6
  • Number of investors: 16

You can find their website here.

2) PolicyBazaar

PolicyBazaar

PolicyBazaar creates a transparent comparison platform for consumers who are looking for life insurance and general insurance products. Through the platform, users can search for life insurance providers and compare price and policy benefits.

Details of the startup:

  • Valuation: $2.40B (May 2019)
  • Country: India
  • City: Gurgaon
  • Started in: 2008
  • Founders: Alok Bansal, Avaneesh Nirjar, Manoj Sharma, Tarun Mathur, Yashish Dahiya
  • Number of employees: 10,000+
  • Funding: $633.78M
  • Funding rounds: 13
  • Number of investors: 22

You can find their website here.

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3) Collective Health

Collective Health

Collective Health provides quality and affordable health insurance plans to individuals, employers, and groups.

Details of the startup:

  • Valuation: $1.50B (June 2019)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2013
  • Founders: Ali Diab, Rajaie Batniji
  • Number of employees: 500-1,000
  • Funding: $714.00M
  • Funding rounds: 6
  • Number of investors: 30

You can find their website here.

4) Justworks

Justworks

Justworks provides essential human-centric benefits, payroll, HR, and employee engagement software for small businesses.

Details of the startup:

  • Valuation: $1.43B (January 2020)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2012
  • Founders: Iris Ramos, Isaac Oates
  • Number of employees: 500-1,000
  • Funding: $143.00M
  • Funding rounds: 6
  • Number of investors: 15

You can find their website here.

5) Acko General Insurance

Acko General Insurance

Acko is a digital insurance firm that has been granted the authority to underwrite and market bite-sized insurance products.

Details of the startup:

  • Valuation: $1.10B (October 2021)
  • Country: India
  • City: Bengaluru
  • Started in: 2016
  • Founders: Ruchi Deepak, Varun Dua
  • Number of employees: 250-500
  • Funding: $428.00M
  • Funding rounds: 6
  • Number of investors: 21

You can find their website here.

6) Sidecar Health

Sidecar Health

Sidecar is a personalized health insurance platform that automates the matching of risks and rewards, getting people to better health and lower healthcare costs.

Details of the startup:

  • Valuation: $1.00B (January 2021)
  • Country: United States
  • State: California
  • City: El Segundo
  • Started in: 2018
  • Founders: Patrick Quigley, Veronica Osetinsky
  • Number of employees: 50-100
  • Funding: $163.00M
  • Funding rounds: 3
  • Number of investors: 11

You can find their website here.

Divvy, BILL’s spend and expense management solution, is one of the easiest and most efficient ways to manage your company spend.

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