Healthcare startup Loop secures $25M in Series B funding round
Healthcare and insurance startup Loop has secured $25 million in a round of funding. General Catalyst and Elevation Capital led the round. Loop has secured $25 million in a Series B round of funding. General Catalyst and Elevation Capital (formerly Saif Partners) jointly led the healthcare and insurance startup's funding round. Vinod Khosla & Khosla Ventures, Sierra Ventures, as well as a new investor, Optum Ventures participated in the round. The new funds will be used to fuel sales growth, product development, and strategic recruiting, according to Loop, in an effort to spread their innovative health assurance delivery model to millions of individuals across India. Mayank Kale, Ryan Singh, Amrit Singh, and Shami Raj created the Pune-based firm in 2018 with the goal of providing group health insurance policies from significant insurers to businesses, with virtual care experience as the frosting on the cake. Loop co-founder and CEO Mayank Kale, said, ...