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Insurtech

12 largest life & health insurance equity deals of Q3 2024

By Digital Insurance Staff
Published January 8, 2025 5:30 AM
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Updated January 8, 2025 5:30 AM
1 Min Read
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The top three life and health insurtech companies had an average equity deal round amount of more than $148 million in the third quarter. The round amount of the largest life and health insurance equity deals in that period totaled $630 million.

See which insurtechs were in the top 12 as of the end of September.

Source: CB Insights

Rank Company Round
amount		 Round Date Round
valuation		 % of total
funding
10 (tie) GalenusRx $7M Undisclosed 2024-07-17 N/A 1.00%
10 (tie) Hive Health $7M Seed VC 2024-07-24 N/A 1.00%
10 (tie) Koltin $7M Series A 2024-09-19 N/A 1.10%
9 Juno $9M Series A 2024-07-18 N/A 1.30%
8 CarePay International $11M Series B 2024-09-18 N/A 1.70%
7 Medbill AI $16M Venture Capital 2024-07-23 N/A 2.50%
6 Qantev $34M Series B 2024-09-27 N/A 5.10%
5 Thatch $38M Series A 2024-09-05 N/A 5.80%
4 Gradient AI $56M Series C 2024-07-09 N/A 8.50%
3 Devoted Health $112M Series E 2024-08-02 N/A 17.00%
2 Zing Health $140M Series A 2024-09-25 N/A 21.30%
1 Alan $193M Series F 2024-09-20 $4.5B 29.40%
Chart showing the largest life and health insurance equity deals of Q3 where Koltin tied for 10th.
Koltin tied for 10th with a round amount of $7 million.
Chart showing the largest life and health insurance equity deals of Q3 where Hive Health tied for 10th.
Hive Health tied for 10th with a round amount of $7 million.
Chart showing the largest life and health insurance equity deals of Q3 where GalenusRx tied for 10th.
GalenusRx tied for 10th with a round amount of $7 million.
Chart showing the largest life and health insurance equity deals of Q3 where Juno ranked 9th.
Juno ranked 9th with a round amount of $9 million.
Chart showing the largest life and health insurance equity deals of Q3 where CarePay International ranked 8th.
CarePay International ranked 8th with a round amount of $11 million.
Chart showing the largest life and health insurance equity deals of Q3 where Medbill AI ranked 7th.
Medbill AI ranked 7th with a round amount of $16 million.
Chart showing the largest life and health insurance equity deals of Q3 where Qantev ranked 6th.
Qantev ranked 6th with a round amount of $34 million.
Chart showing the largest life and health insurance equity deals of Q3 where Thatch ranked 5th.
Thatch ranked 5th with a round amount of $38 million.
Chart showing the largest life and health insurance equity deals of Q3 where Gradient AI ranked 4th.
Gradient AI ranked 4th with a round amount of $56 million.
Chart showing the largest life and health insurance equity deals of Q3 where Devoted Health ranked 3rd.
Devoted Health ranked 3rd with a round amount of $112 million.
Chart showing the largest life and health insurance equity deals of Q3 where Zing Health ranked 2nd.
Zing Health ranked 2nd with a round amount of $140 million.
Chart showing the largest life and health insurance equity deals of Q3 where Alan ranked 1st.
Alan ranked 1st with a round amount of $193 million.

Digital Insurance Staff
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