InsureTech Startup Brings In $35 Million
Health IQ Insurance Services announced the completion of $34.6 million in Series C financing, led by Andreessen Horowitz, with participation from CRV, Ribbit Capital, Foundation Capital, First Round Capital, Felicis Ventures, and Western Technology Investment.
Health IQ is an insurance startup that uses science and big data to negotiate special rates on insurance for users. According to the company, it secured more than $3.5 billion in life insurance coverage for such health-conscious groups as cyclists, runners, weightlifters, high intensity interval training athletes,and vegetarians. To qualify, users take the Health IQ quiz to determine their health consciousness, which correlates to a reduction in mortality risk even after controlling for covariates like age and gender.
