Startup Rise America News’ Post

Congrats to Eniac Ventures seeded Nirvana on their big A! 🚀 "Nirvana, a startup aiming to give health care providers and consumers the price of treatment before an appointment, raised $24.2 million in Series A funding, it tells Axios exclusively. Why it matters: The raise comes amid a push for greater transparency in health care bills, with one new government rule put into effect in 2021 and more being considered today. What they're saying: "In some weird behavioral way, people were used to the fact that you would sit in a waiting room for six hours and get the bill six weeks later," says Nirvana CPO Kelvin K Chan. "Looking back, that's incredibly strange and archaic, but I think that mentality is starting to shift." How it works: Embedded into health care providers' websites, the software reduces the chances that an insurance claim will be denied after the fact. It does so by using the patient's name, date of birth, and ZIP code to verify a consumer's coverage, Nirvana says. Traditionally, providers required the insurance ID card, which the company's executives say is susceptible to human error. Combining that with information from the provider about the consumer's condition, Nirvana offers an estimate of the appointment cost at the time of booking. Northzone led this round, joined by Inspired Capital, Eniac Ventures and Surface Ventures." Akshay Venkitasubramanian https://lnkd.in/ewznnP3y https://lnkd.in/ey4DPNBE

One of my proudest moments as an investor occurred today as Alaffia Health announced its series A because it shows how the Aperture® Venture Capital vision of multi-level, multi-generational #impactinvesting is succeeding in the marketplace. Here’s the model in its most basic form : ✅As diverse fund managers with meaningful capital to allocate, we are changing the VC landscape every day just by doing our day jobs. ✅As Black/Brown investors with ~40 years experience collectively, Aperture GPs have access to talent /excellence that others do not, so our portfolio *organically* is more inclusive by race, gender and geography even while optimizing for financial outcomes (all about the alpha). ✅Our most successful portco’s are using financial #innovation to solve market problems that impact underrepresented demographics and underserved communities. Alaffia Health is a shining example of the impact portion of our overall fund thesis, and we couldn’t be prouder of TJ Ademiluyi and Adun Akanni, MPH, PMP - the dynamic brother-sister founder duo whose vision we have steadfastly supported on their journey. Congratulations to TJ and Adun from William Crowder and myself, as well as the whole Aperture team- Marjorie King Philip McKenzie Yves Louis-Jacques Tanvi Lal Michelle Dhansinghani Lisha Bell Katie Kelly Amy Chung Cindy Chong, CFA Brian Fernandes-Halloran Monroe France Jayden Pantel Darren Herman Evan Wladis Neal Triplett Thomas Scriven Peter Ammon Irina Bit-Babik Tim Milanich Rob Rahbari

Congrats AKUR8 🚀🚀🚀 - it has been such an exciting and rewarding journey since the very first days in our garage …😉 AKUR8 is the perfect example of the kind of truly amazing new businesses that come out of our Venture Builder Kamet Ventures. They grew and deployed their solution to over 250 Insurance companies in 40+ countries in just more than 5 years….Congrats again Samuel Falmagne Brune de Linares (Garnier) and all the team ! Companies built with Kamet Ventures tend to most often: ➡️ get faster time to market (from initial idea to #MVP to first customers) than most other start ups usually do 🏃🏽➡️🏃🏽➡️🏃🏽➡️ ➡️ have (much) higher success rate (from seed to A, from A to B, etc..) than most other start ups will usually have 🎯🎯🎯 ➡️ are (in general) more disciplined and capital efficient (combining strong growth AND profitable unit economics early on) 🏋️♀️🏋️♀️🏋️♀️ ➡️ become Category Leaders and move fast from the VC source of funding to the PE/GrowthEquity one (that only support proven profitable fast growing scale-ups) 🥇🥇🥇 We are all excited to see you join the Kamet Ventures list of companies which already exited or reached the PE stage : padoa (PE-backed with Five Arrows Principal Investments since 2022) Qare (sold to HealthHero in 2021) Fixter (sold to Renault Group in 2022) Anorak (sold to CLARK in 2022) Hopefully, other Kamet Ventures companies will follow you in the coming years and notably the ones already at post B stage : Birdie (with Index Ventures as lead investor since 2022) Ibex Medical Analytics (with 83NORTH as lead investor since 2023) Apricity Fertility(with MTIP as lead investor since 2022) As well as the ones currently at post A round, among which : Air Doctor (with Lightspeed as lead investor) nSure.ai (with a group of leading Israeli investors) Sayata (with a group of leading Israeli investors) Pattern Insurance (with a group of leading Israeli investors) Continuity (with 115K as lead investor) Indeed, we also have a pipeline of other most promising #ventures in the works, and while they are still in their early days, we are really excited about them: Brightmile Medloop Ltd. Ltd. Cardiokol PonchoPay Proskope @Eos-care Although it is never (and it will never be !) a walk in the park and some (few) start-ups eventually failed, we realize everyday how fortunate we are to work with such fantastic and rewarding #entrepreneurs and #businesses. Stephane Guinet Michaël Niddam Nicolas Bosc Pierre de Mascarel Aïcha Ahardane Sylvie Enderlin #VentureBuilder #StartUpStudio #InsurTech #HealthTech

2017: Why investors gave Varun Dua $30 million even before he launched his startup?? The journey that is answering..... Acko acquired OneCare in All-Cash deal! One Care backed by Better Capital and QED Innovation Labs has omni-channel model for chronic conditions Interestingly, Acko earlier acquired Parentlane (Acquired by ACKO) in March 23 - A digital health platform for Mother-Child. Expanding its presence in the retail health insurance segment Going Back in 2017, Acko revolutionised segment adopting 'Digital Only' approach with laser sharp focus on 'Deep Questions, More Data Sets for every customer'. Filling up very important gaps. I continue to vouch on rooted things making bigger impact! It's been a buzzing week for startups with news on funding, acquisitions, and happiness around Angel Tax and LTCG. #Innovation #Acquisition #angeltax #ltcg #startups

Paris-based Qantev raises €30 million to continue building AI-driven claims platform for health and life insurers: Qantev, an advanced AI-powered platform transforming how health and life insurers manage claims, reduce costs and improve services, has raised €30 million in a new funding round led by Blossom Capital, with participation from existing investors Elaia, Omnes and Raise Venture. With this new capital, Qantev plans to focus on three key areas: Enhancing the […] The post Paris-based Qantev raises €30 million to continue building AI-driven claims platform for health and life insurers appeared first on EU-Startups. #startupnews #startups

🚀The pioneer of embedded insurance, Embea, a Berlin-based InsurTech startup has raised €4 million in its seed fundraising round. 💡To enable digital enterprises operating in several European regions to add life insurance without needing a separate insurance partner for each, the company aims to become the go-to B2B platform. 💳Leading the round was astoryaVC, an investment firm specializing in European InsurTech firms, and Atlantic Labs, a venture fund in Berlin. Other notable investors include the founder and CEO of Ladder, Jamie Hale, founder of the unicorn startup Choco, Daniel Khachab, and Michael Cassau, founder and CEO of SKROL. Eloi Lanthiez Naum Kaganovich Leopold Jedina Yana Maeva Dr. Johannes Becher Till Engelhard Igor Popov Ella Glover Ahmet Hasircioglu #technicalbeep #ideasphere #startupspace #startup #eutech #funding #tech #fundingnews #venturecapital #insurtech #fintech #insurance #embeddedinsurance #healthinsurance

Exciting News Alert! Flashaid, the innovative healthcare and insurtech company, has secured a significant $2.5 million in a pre-Series A funding round! Led by Piper Serica Angel Fund and global venture capital firm SOSV, with participation from Z21 Ventures Fund and ZNL Growth Fund, this funding will fuel Flashaid's expansion into six new cities. Founded by Manoj Gupta and Gunjali Kothari, Flashaid is revolutionizing India's health insurance landscape by forging exclusive tie-ups with insurance companies and partnering with e-commerce platforms to distribute insurance products. With a full-stack health solution and API-centric strategy, Flashaid aims to make health insurance accessible and affordable to millions of informal workers in India. Abhay Agrawal, Managing Director of Piper Serica Angel Fund, praised Flashaid's innovative approach, while Oscar Ramos, Managing Director of SOSV, highlighted the founders' dedication to addressing healthcare challenges. As the retail health insurance market continues to grow rapidly, Flashaid is well-positioned for success, with partnerships with over 20 platforms and a profitable EBITDA level. With an impressive ARR of $1 million and plans to reach $10 million ARR in the next two years, Flashaid is poised for exponential growth, driving industry innovation and promoting health equity in India! #Flashaid #HealthcareInnovation #InsurtechGrowth

But we didn't back down. We doubled down, dug deep, and made it happen. That's the kind of grit we're made of. And here we are, raising our #2.5 million #preseries round. Remember Manoj Gupta? When we were tossing around the idea of taking out personal loans just to keep team paychecks flowing, and took our pay cuts to make sure our OG crew got paid? Yeah, that was our reality check. Every damn month, we hustled even harder in that relentless pursuit. And guess what? We smashed through to $1 million ARR and turned profitable within just a year. We weren't just grinding; we were grinding with a purpose. Here's what we learnt : Founders gotta adapt and level up their skills as they progress from 0 to 1, 1 to 10, and beyond to 100. We've been soaking up feedback like sponges. Those weekly discussions with Oscar Ramos, brainstorming sessions with Kartik Johari, and brutal truth talks with Sumit Chhazed. They've been our wake-up calls. Tough, but essential. Shubham Rai once told us straight up, "You guys are smart enough to make quick and timely decisions, even in the toughest situations." And he was spot on when we evolved from Easyaspatal to Flashaid. Jana Balasubramanian , who legit flew in just to have some real talks and Dr. Apoorva Ranjan Sharma he's there, always picking up on the first ring for his advice. Sheela Anand, our advisor since day one Ganesh Krishnan, who's had our backs through thick and thin and Praveen Das, always ready to roll up his sleeves and dive into the trenches with us—our absolute rockstar mentors. Jyoti Agarwal's words hit hard: "Suraj jaisa banna hai to suraj jaisa jalna hoga" And you know what? My whole team—Dr. Santosh Mande Shruti Dhuri Pratik Fulkar JIVAN TOSHNIWAL CA Darshil Mehta Ronak Gehlot Dr.Naimuddin Karbari Sonam Sumariya Pravin—they've been right there in the fire with us, burning bright and believing in what we're all about. The next leg of Growth's journey kicks off with fresh beliefs, newfound knowledge, and a whole lot of confidence—with our new investors Abhay Agarwal and the entire Piper Serica team, Raj Shekhar Singh and Ankit Bhangar from z21 Ventures.The journey's just getting started, and we're ready to keep pushing the boundaries. #entrepreneurship #management #venturecapital #innovation #sustainability #startupstory #inc42 #techcrunch #insuretech #fundraising #mumbaistartup

As we look toward the future, particularly 2025 and 2026, it’s hard to ignore the swirling uncertainties .... Read Full Blog https://lnkd.in/dGerbScu . #medicalbillingbusiness #training #startup #success #medicalbilling #WorkFromHome #MedicalBilling # Uncertain #EconomicTimes #Stability

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