Health IQ Insurance Services, a Mountain View, Calif.-based life insurance company, raised $55m in Series D funding.
The round was led by Greenspring Associates, Aquiline Technology Growth, Hanwha Asset Management, with participation from existing investors such as Andreesen Horowitz and others.
The company, which has raised a total of $139.5m to date, will use the funds to continue to expand operations and its business reach.
Led by CEO Munjal Shah, Health IQ is an insurance company rewarding runners, cyclists, weightlifters, swimmers, yogis, well-managed diabetics, and other individuals living a healthy lifestyle through discounts they get when buying life insurance.
The company, which leverages science and data to measure the impact of correct lifestyles, has grown to $21 billion in coverage in the last three years.
FinSMEs
08/05/2019