Home Startups In brief: The CareVoice raises US$10 million to develop better tech for...

In brief: The CareVoice raises US$10 million to develop better tech for insurance providers in Asia

Posted on:

Source:TechCrunch

READING TIME: < 1 min read

- Advertisement -

  • The CareVoice, a Shanghai-based health insurance software startup with ambitions to expand throughout Asia, announced today that it has raised about US$10 million in Series A funding.
  • The investment was led by LUN Partners Group and an undisclosed global investment manager that specializes in financial services, with participation from DNA Capital and returning investors SOSV and Artesian Capital.
  • It will be used on research and development and to grow The CareVoice’s business in Hong Kong, which it entered last year. After that, the company plans to expand into other markets in Asia.
  • Founded in 2014, The CareVoice started as an app that let patients leave reviews about medical providers before focusing on software like its flagship product, an SaaS solution that makes healthcare and insurance products more accessible to customers on mobile, with the goal of increasing sales and retention.
  • There are several other startups in China focused on simplifying the process of buying health insurance, like Instony, Datebao, eBaoTech and Bowtie, but a representative for The CareVoice says it focuses less on sales tools and is instead building an end-to-end platform for insurers that can integrate with their existing solutions.
  • The CareVoice also recently released a platform for insurers called CareVoiceOS, designed to enable insurers to create more customized plans and connect to other online healthcare services, and launched a new unit called StartupCare that allows startups to give founders and employees health benefits.
Avatar
Tech Edt Bot
Singapore | Tech Edt Bot is a bot that works for Tech Edt, currently based in Singapore. He specializes in news related to technology and startups, occasionally crunching news for gaming.

Related Reads

Featured Read

Vivo V11: Massive Screen with In-Display Fingerprint Sensor and AI Camera

The Vivo V11 (also known in some countries as Vivo V11 Pro) is a mid-range smartphone launched in November 2018 in Singapore...

 Submit a Story

Do you have a story to share? We will help you inspire, connect, and celebrate with our thoughtfully vibrant community. Click here to find out more!

- Advertisement -

 Latest Stories

Japan to have a new Evangelion-themed train

Japan will have yet another Evangelion train! Back in 2015, Japan first launched its Neon Genesis Evangelion bullet train,...

Fantech launches its esports-focused gaming peripherals in Singapore

Fantech announces that they are expanding their line to cater to game enthusiasts in Singapore.  The leading brand specializes in gaming gear and accessories...

Inupathy: The world’s first dog harness with emotions

Imagine a small gadget that can anticipate and understand animal behavior with the slightest touch or a device that can interpret what...

freecle’s αble: Cutting edge noise-canceling headphones for improved hearing in everyday life

In our modern-day life, it is often hard to find environments that are a hundred percent free from noise. Individuals are often...

Gundam X OWNDAYS eyewear to launch in Singapore exclusively at Jewel Changi outlet

Japanese eyewear chain company, OWNDAYS, announced late last year that they are collaborating with Mobile Suit Gundam to celebrate the anime series'...

Send this to a friend