Techstars Venture Capital Fund Invests $13M in Health Insurance Startup

July 31, 2017

5:00 pm

Techstars Venture Capital Fund invests in innovative and disruptive Techstars companies to fuel their success. We are excited to announce that, along with Foundry Group, we are investing in Impact Health’s $13 million Series A round.

Founder and CEO Christine Carrillo, along with her cofounder Helen Lee, have built an impressive team at Impact Health (Techstars Class 62) centered around the mission that no matter your background, what your politics are, or where you’re from that you deserve health and healthcare that serves you.

Despite the incredibly divisive times we live in, they believe that people can come together to fix our healthcare system and solve the very real health needs. Our investment in Impact Health aligns with Techstars’ history of investing in healthcare technology.

After receiving feedback from over 100,000 consumers about their experiences buying and using health insurance, Impact Health has used those insights to make the process simple and transparent. Impact Health has built a sophisticated online platform to take the confusion out of buying and using health insurance.

The service is resonating – Impact Health has grown its subscriber base by over 20x in the last year. Driven by an obsessive customer focus and strong data background, Impact Health has provided tens of thousands of individuals with a seamless way to find the best health plan that suits both their needs and their budget.

We are thrilled to be investors and backers of this important mission and are eager to support Christine and Helen in shaping the future of health insurance!

Read more about funded startups at TechCo

This article is courtesy of Techstars, the best global ecosystem for entrepreneurs to bring new technologies to market. From inspiration to IPO, Techstars empowers the world’s most promising entrepreneurs throughout their lifelong journey by providing a global ecosystem made up of tens of thousands of community leaders, founders, mentors, investors, and corporate partners.

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