Even Healthcare grabs $20 million in Funding led by Khosla Ventures
After a certain gap of 20 months, Even Healthcare - a healthcare company based in Bengaluru - has secured fresh funding amounting to Rs.169 crore which is equivalent to around $20 million, which was led by Khosla Ventures.
According to a filing with the Registrar of Companies, Even's board has approved the issuance of 217,589 preference shares at an issue price of Rs.7,762 per share in order to raise Rs.169 crore or $20 million.
Khosla Ventures led the funding round with an investment of Rs. 83.4 crore, or $10 million, while Pathfinder and Mercury Fund contributed Rs. 21.3 crore and Rs.26.9 crore, respectively. Simon Fiduciaria, DLB Ventures, Lex Italia, 8 VC, Rainmatter Fintech, and other investors collectively provided the remaining amount.
It's notable that Khosla Ventures has been highly supportive of Even Healthcare, having led the firm’s Seed and Series B rounds, and also made a substantial contribution to its Series A round.
Healthcare has increased its employee stock option (ESOP) pool, with new options that have raised the total size to 135,000 as stated in a separate company resolution. According to the report this ESOP increase is valued at $12 million.
The startup data intelligence platform TheKredible, has estimated the post-allotment value of the company at approximately Rs.753 crore or $91 million.
The Funding roundhealthtech startup provides subscription-based plans that cover diagnostics, consultations, and hospitalization costs up to Rs.50 lakh. The company partners exclusively with hospitals that commit to caring for its members in return for a recurring payment.
Founded by Mayank Banerjee, Matilde Giglio, and Alessandro Lalongo, Even also offers personalized managed care programs and provides Even cards for paying bills at its partner hospitals and labs. The company asserts that its service offers an edge over traditional medical insurance by including unlimited OPD consultations and diagnostics.
So far, the company has accumulated around $40 million in funds. In November 2022, Alpha Wave and Aspada contributed approximately $15 million to this total while Khosla Ventures led an initial investment of $5 million back in 2021. Previously it was reported that the seed funding that occurred during July of that same year.
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According to a filing with the Registrar of Companies, Even's board has approved the issuance of 217,589 preference shares at an issue price of Rs.7,762 per share in order to raise Rs.169 crore or $20 million.
Khosla Ventures led the funding round with an investment of Rs. 83.4 crore, or $10 million, while Pathfinder and Mercury Fund contributed Rs. 21.3 crore and Rs.26.9 crore, respectively. Simon Fiduciaria, DLB Ventures, Lex Italia, 8 VC, Rainmatter Fintech, and other investors collectively provided the remaining amount.
It's notable that Khosla Ventures has been highly supportive of Even Healthcare, having led the firm’s Seed and Series B rounds, and also made a substantial contribution to its Series A round.
Healthcare has increased its employee stock option (ESOP) pool, with new options that have raised the total size to 135,000 as stated in a separate company resolution. According to the report this ESOP increase is valued at $12 million.
The startup data intelligence platform TheKredible, has estimated the post-allotment value of the company at approximately Rs.753 crore or $91 million.
The Funding roundhealthtech startup provides subscription-based plans that cover diagnostics, consultations, and hospitalization costs up to Rs.50 lakh. The company partners exclusively with hospitals that commit to caring for its members in return for a recurring payment.
Founded by Mayank Banerjee, Matilde Giglio, and Alessandro Lalongo, Even also offers personalized managed care programs and provides Even cards for paying bills at its partner hospitals and labs. The company asserts that its service offers an edge over traditional medical insurance by including unlimited OPD consultations and diagnostics.
So far, the company has accumulated around $40 million in funds. In November 2022, Alpha Wave and Aspada contributed approximately $15 million to this total while Khosla Ventures led an initial investment of $5 million back in 2021. Previously it was reported that the seed funding that occurred during July of that same year.
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