International healthcare and insurance startup the CareVoice has closed its Series A funding round on an ‘eight-figure’ sum.
The investment was led by LUN Partners Group, an unnamed global investment group, and an undisclosed investment manager. Other participants of the series funding included DNA Capital and previous CareVoice backers SOSV and Artesian Capital.
With the capital, the company hopes to further its R&D, expand its sales and customer success teams, bolster its business development, and launch 10 new health insurance products in partnership with insurers.
The CareVoice is a mobile-based healthcare and insurance platform which gives consumers tools for booking checkups, interacting with pharmacies, paying healthcare bills and monitoring general health and fitness.
Its platform is used in China and Hong Kong and is used by 15 local and international insurance companies including Ping An and AXA.
The company recently launched its CareVoiceOSTM, a healthcare operating system for insurers. It provides an end-to-end solution that insurers can use to design and deliver more personalised and efficient insurance plans.
LUN Partners founder and chairman Peilung Li said, “We foresee that insurance will be the next sector to experience the highest growth of digitalization and innovation as well as the arrival of new fintech unicorn companies.
“CareVoice is driving digitalization and innovation for insurance companies, and we are very confident about its development in the Greater China market. To further aid the Company’s growth, LUN Partners will help CareVoice extend its proven digitalization solutions to overseas insurance marketplaces in Japan, Southeast Asia, and other regions.”
Earlier in the year, The Carevoice partnered with Ping An Technology. The deal sees Ping An distribute the CareVoice SaaS platform across China to insurance companies and banks.
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