Reliance HMO, established in 2016, is a health tech startup that aims to make health insurance more accessible and affordable for the average African. The company's slogan "Making health insurance affordable and accessible for the average African by integrating Telemedicine with data science for a cheaper, easier experience," reflects its mission to revolutionize the healthcare industry. RelianceHMO utilizes Telemedicine and data science to offer reliable and cost-effective insurance packages, thereby addressing the accessibility issue prevalent in the African health insurance market. Its latest milestone includes a substantial $40.00M Series B investment secured on 07 February 2022. Notable investors participating in this investment round include General Atlantic, Laerdal Million Lives Fund, Picus Capital, P1 Ventures, AAIC Holdings, M3, Tencent, and Partech. The company operates within the Health Care, Health and Wellness, Insurance, Mobile, Health insurance, and Life insurance sectors, positioning itself at the intersection of technology and healthcare to drive positive change in the African healthcare landscape.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $40.00M | 8 | Tencent, Partech | 07 Feb 2022 |
Series A | $6.00M | 6 | Partech | 01 Jan 2020 |
Venture Round | $5.00M | 2 | Tencent, Partech | 19 Dec 2019 |
Seed Round | Unknown | - | 30 Jun 2017 | |
Seed Round | $50.00K | 4 | 05 Mar 2017 |
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