Axilor Ventures led the $5.5 million Series A round for the healthtech platform Alyve Health, which also included participation from Inhealth Ventures, a fund with a focus on healthcare, and 1Crowd Fund, an existing investor. As part of this round, the company also raised a venture debt fund from Trifecta Capital.
Alyve Health received $900,000 in seed funding in April 2022 from 1Crowd Fund and Axilor Ventures.
According to a press release from Alve Health, the funds will be utilized for strategic growth initiatives in important areas such as talent acquisition, platform enhancement, operational expansion, service amplification, and increased member engagement.
Alyve’s health plans cover a variety of healthcare journeys, including doctor consultations, diagnostics, medication purchases, dental procedures, gym memberships, and proactive well-being. The company was founded in May 2020 by Shashank Avadhani, Sushant Roy, and Vineet Mehta.
Payers (insurers, TPAs), intermediaries (brokers, financial institutions, digital platforms), and providers (clinics, diagnostic centers, fitness studios) can all easily integrate with the platform. The company claims that it currently serves over 1 million members and offers customized solutions to a variety of groups, including employees, customers, and channel partners.
In July 2022, early-stage capitalist Axilor Ventures announced the opening of its second $100 million technology fund. Since then, it has provided funding to a number of startups, including Metalbook, LeRemmit, Doppelio, and Solar Ladder.
