Business

Brazil-based startup Alice buys corporate health company Cuidas

Cuidas has Brazilian billionaires Jorge Paulo Lemann and Abilio Diniz among its investors

Alice's startup co-founders
Guilherme Azevedo, Matheus Moraes and André Florence, co-founders of Alice. Photo: Paola Vespa/Alice/Courtesy
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Brazilian startup Alice has agreed to buy corporate health program company Cuidas for an undisclosed amount, according to a statement.

Founded in 2019, Alice, which sells health plans regulated by the ANS, has already raised $48 million in investment rounds from funds ThornTree Capital Partners, Kaszek Ventures, Canary, Maya Capital and Endeavor Catalyst.

READ ALSO: Focused on chronic patients, Brazil’s health tech Klivo raises BRL 45 million from Valor Capital Group

Cuidas raised BRL 23 million and has among its investors Brazilian billionaires Jorge Paulo Lemann, founder of 3G Capital, and Abilio Diniz, through his holding company Peninsula.

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