Business

Brazilian health startup Alice raises $33 million led by ThornTree Capital Partners

Alice offers health insurance directly to individuals, a service that few suppliers sell in Brazil because prices are regulated by the Brazilian private health agency

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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  • The startup will use the resources to hire more employees, launch new products, and make partnerships;
  • Alice plans to challenge the status quo using telemedicine and face-to-face consultations.

Brazil’s health startup Alice raised $33 million in a new investment round, the company said in a statement on Thursday. The new round is led by ThornTree Capital Partners, a Boston-based venture capital firm, along with current Alice investors, including Kaszek Ventures, Canary, and Maya Capital. Endeavor Catalyst became part of the company’s shareholders.

The startup will use the resources to hire more employees, launch new products, and make partnerships.

READ ALSO: Launched amid the pandemic, Brazilian startup Alice wants to change the logic of private health care in the country

Founded in 2020 by André Florence and Matheus Moraes (former financial director and president of the ride-sharing app 99), and Guilherme Azevedo (co-founder of another health-tech startup Dr. Consulta), Alice offers health insurance directly to individuals, a service that few suppliers sell in Brazil because prices are regulated by the Brazilian private health agency (ANS, in Portuguese).

READ ALSO: Startup Sami launches health plan for micro-entrepreneurs, a market of more than 11 million people in Brazil

Alice plans to challenge the status quo using telemedicine and face-to-face consultations. It also intends to help clients in the prevention of diseases through a team of health specialists who will maintain contact with patients. The startup has a base of 1,100 customers.

(Translated by LABS)

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