Brazilian healthcare technology startup Alice raised $33 million in its latest round of funding, the company revealed in a statement on Thursday. The new round was led by the Boston-based venture capital firm ThornTree Capital Partners, with existing investors such as Kaszek Ventures, Canary, and Maya Capital also getting in on the action.
New investors included Endeavor Catalyst, a co-investment vehicle designed to support entrepreneurs with their equity financing rounds.
Alice revealed that it plans to use its newly-acquired capital to hire more employees, enter into new strategic partnerships, and launch an array of new products. The Brazilian health-tech startup revealed its plans to change the status quo of Brazilian healthcare insurance, which involves the provision of both telemedicine and in-person appointments.
It also plans to help prevent further illnesses by providing users with a team of health specialists who will remain in constant contact with them throughout their dealings with the company.
Alice was founded three years ago by the founders of the Brazilian ride-hailing service 99. The startup currently offers an array of healthcare services, including the direct supply of healthcare insurance to its customers. Because prices are regulated heavily by healthcare watchdog ANS, Alice is one of the few insurance providers in the South American country.
Currently, the company serves over 1,100 existing clients.
