SoftBank

SoftBank Group Corp. is a multinational telecommunications and internet corporation based in Tokyo, Japan. Established in 1981, it provides a wide range of services including mobile and fixed-line communications, broadband, and digital television. The company operates through several segments, including the SoftBank Vision Fund, which focuses on investing in technology sectors such as artificial intelligence, robotics, and fintech. Additionally, SoftBank manufactures and distributes mobile devices and offers services in e-commerce, internet advertising, and IT solutions. The firm also engages in renewable energy by generating and supplying electricity. Beyond telecommunications, SoftBank has interests in various sectors, including media, professional sports, and fashion through platforms like ZOZOTOWN. With a global presence, SoftBank actively invests in growth-stage companies, aiming to foster innovation and technological advancement across diverse industries.

Past deals in Life and Health Insurance

Alice

Series C in 2021
Alice is a technology healthcare company reinventing the health insurance industry in Brazil. Alice offers B2C health insurance combined with proprietary primary care, delivered digitally and in-person. Primary care teams, namely Health Squads, look after members and coordinate their care within a network of high-quality providers, rewarded by a strongly aligned incentive model. Primary care and providers are fully and seamlessly integrated through Alice digital health platform, creating a virtual verticalized health system that delivers better health outcomes at lower costs.

Vitaance

Seed Round in 2021
Vitaance is a new insurtech start-up in the life insurance industry. We aim to improve people's quality of life through financial, emotional and physical wellbeing, by creating smart, fair and responsible insurance products enabled by technology. We want to democratize access to life insurance and to a healthier lifestyle.

Devoted Health

Series D in 2021
Devoted Health is a new healthcare company serving seniors. Aiming to launch Medicare Advantage plans in 2019, their mission is to build a healthcare solution good enough for Mom. They will be devoted to the health and wellness of their members by helping them navigate the health care system with personal guides, by utilizing world-class technology to enable a simplified experience, and by partnering with top providers for better health outcomes.

Devoted Health

Series D in 2021
Devoted Health is a new healthcare company serving seniors. Aiming to launch Medicare Advantage plans in 2019, their mission is to build a healthcare solution good enough for Mom. They will be devoted to the health and wellness of their members by helping them navigate the health care system with personal guides, by utilizing world-class technology to enable a simplified experience, and by partnering with top providers for better health outcomes.

Human Interest

Series D in 2021
Human Interest offers easy and affordable employee retirement plans. Previously, only large companies offered employee retirement plans, leaving more than half of all working Americans without a path to a secure financial future. The company believes that a path to financial independence should be accessible to people in all lines of work.

Ethos Life

Series D in 2021
Ethos Life is an insurance company that provides modern and ethical life insurance to protect life. They’re building ground-breaking software for life insurance (a $650 billion market) and the company's mission is to make protecting your family affordable, accessible, and instant. It also employs a human approach in delivering its services. Ethos policies are issued and guaranteed by Legal & General America (LGA), a large U.S. life insurance provider since 1836. They use technology to learn about what makes you unique so that they can find new and truly personal ways to cover you. Ethos was founded in 2016, the company is headquartered in San Francisco, California, United States.

Lula

Series A in 2021
Lula operates a peer-to-peer marketplace that connects vehicle owners with individuals seeking to rent those vehicles. It allows vehicle owners to list their vehicles for rent and facilitates direct communication and transactions between owners and renters. Lula does not own or manage the vehicles and does not engage in the contracts formed between owners and renters. Additionally, Lula provides insurance technology solutions tailored for various sectors, including car rental companies and logistics firms. Their offerings include policy management, risk assessment tools, and claims handling services, which help clients streamline their insurance processes and reduce operational costs.

Collective Health

Series F in 2021
Collective Health offers a cloud-based platform that transforms how self-insured employers manage health benefits. This integrated system allows companies to administer various health plans through a single portal, providing employees with clear guidance, live concierge support, and digital tools to navigate their healthcare options. By focusing on a smarter alternative to traditional health insurance, Collective Health aims to enhance the value of healthcare investments while improving employee care. The company has experienced significant growth in the employer-sponsored insurance market, currently covering 70,000 employee and dependent lives across 15 employers, including notable clients such as Activision Blizzard, Crossfit, eBay, Palantir, and Red Bull.

Policybazaar

Series H in 2020
Policybazaar Insurance Brokers Private Limited is an online platform based in Gurugram, India, that specializes in offering a wide range of insurance services, including life, health, car, two-wheeler, travel, and home insurance. Founded in 2014, the company operates an insurance comparison portal and mobile application that allows consumers to compare various financial products effectively. By analyzing options such as medical, term life, and motor insurance, Policybazaar helps clients make informed decisions, often resulting in lower premiums due to competitive pricing. The company derives most of its revenue from its insurance services segment, aiming to raise awareness in India about the financial implications of unforeseen events like death and disease.

Policybazaar

Secondary Market in 2020
Policybazaar Insurance Brokers Private Limited is an online platform based in Gurugram, India, that specializes in offering a wide range of insurance services, including life, health, car, two-wheeler, travel, and home insurance. Founded in 2014, the company operates an insurance comparison portal and mobile application that allows consumers to compare various financial products effectively. By analyzing options such as medical, term life, and motor insurance, Policybazaar helps clients make informed decisions, often resulting in lower premiums due to competitive pricing. The company derives most of its revenue from its insurance services segment, aiming to raise awareness in India about the financial implications of unforeseen events like death and disease.

Policybazaar

Series G in 2019
Policybazaar Insurance Brokers Private Limited is an online platform based in Gurugram, India, that specializes in offering a wide range of insurance services, including life, health, car, two-wheeler, travel, and home insurance. Founded in 2014, the company operates an insurance comparison portal and mobile application that allows consumers to compare various financial products effectively. By analyzing options such as medical, term life, and motor insurance, Policybazaar helps clients make informed decisions, often resulting in lower premiums due to competitive pricing. The company derives most of its revenue from its insurance services segment, aiming to raise awareness in India about the financial implications of unforeseen events like death and disease.

Collective Health

Series E in 2019
Collective Health offers a cloud-based platform that transforms how self-insured employers manage health benefits. This integrated system allows companies to administer various health plans through a single portal, providing employees with clear guidance, live concierge support, and digital tools to navigate their healthcare options. By focusing on a smarter alternative to traditional health insurance, Collective Health aims to enhance the value of healthcare investments while improving employee care. The company has experienced significant growth in the employer-sponsored insurance market, currently covering 70,000 employee and dependent lives across 15 employers, including notable clients such as Activision Blizzard, Crossfit, eBay, Palantir, and Red Bull.

Policybazaar

Series F in 2018
Policybazaar Insurance Brokers Private Limited is an online platform based in Gurugram, India, that specializes in offering a wide range of insurance services, including life, health, car, two-wheeler, travel, and home insurance. Founded in 2014, the company operates an insurance comparison portal and mobile application that allows consumers to compare various financial products effectively. By analyzing options such as medical, term life, and motor insurance, Policybazaar helps clients make informed decisions, often resulting in lower premiums due to competitive pricing. The company derives most of its revenue from its insurance services segment, aiming to raise awareness in India about the financial implications of unforeseen events like death and disease.
Ping An Medical and Healthcare Management Co., Ltd. operates a managed care platform, which offers healthcare and business insurance management services. The platform offers services, including expense control service, actuarial service, healthcare insurance account service, medical resources management, and health profile application services. The company is based in Shanghai, China. Ping An Medical and Healthcare Management Co., Ltd. operates as a subsidiary of Shenzhen Ping An Financial Technology Consulting Co., Ltd.

InsWeb

Venture Round in 1999
InsWeb Corporation operates an online insurance marketplace that electronically matches consumers and providers of automobile, property, health, term life, and small business insurance. The company's marketplace enables consumers to research insurance-related topics; search for, analyze, and compare insurance products; and apply for and receive quotes for coverage for automobile, property, health, term life, and small business insurance. InsWeb Corporation was founded in 1995 and is headquartered in Gold River, California.

InsWeb

Venture Round in 1998
InsWeb Corporation operates an online insurance marketplace that electronically matches consumers and providers of automobile, property, health, term life, and small business insurance. The company's marketplace enables consumers to research insurance-related topics; search for, analyze, and compare insurance products; and apply for and receive quotes for coverage for automobile, property, health, term life, and small business insurance. InsWeb Corporation was founded in 1995 and is headquartered in Gold River, California.