Skip links

Austrian Health Insurance Hi.Health Bags $1m

According to the recent reports, the Austrian based health insurance company, bags an amount of $1m in it’s recent funding round.

Things To Know About is an application based insurance system founded in 2018 by entrepreneurs Frederik Debong, a former founder of mySugr, and his friend Sebastian Gruber.  and headquartered in Vienna. The system paves an easier way for it’s customers to seek services of bills and other medical related insurances. is currently partnered with Selfapy and Kaia Health.

The Current Reports Of The Firm Says-

As per the reports from SuperFounders, the current funding round of the company was led by a local venture capital fund Speedinvestwi and also had a participation of American fund Pacific 8 Ventures and the British fund Seedcamp within. The total amount of the following investment is not disclosed till now. But according to the reports these funds will be used for expanding’s product and to spread .

The application works in the methodology where users can fill up their invoices in a digital mode. After that processing, billing and customer service are done systematically. But the app can only be used in Germany till the mean time.

What Are The Words From The Leaders –

In a recent interview regarding the fundings, the leading team members shared their opinions and expectations from the market platform and other hosting companies.

Gruber said, “We are very early in a market that will be very dynamic. Other European countries will follow Germany’s example and the idea is to be at the forefront. The area of ​​InsurTech and HealthTech is extremely exciting at the moment because there is insane dynamism in the market. There are many start-ups in the property insurance area, and there is still reluctance in the health insurance area. We are leading the way. This market will change a lot in the next few years”.
Debong added, “I saw firsthand what positive effects new health technologies can have. However, access to these innovative technologies is often difficult. This is exactly where we start to improve access to the health system. In addition to the health sector, this requires experience and knowledge from the areas of finance, insurance and medtech – but above all an understanding of people.”

Leave a comment

This website uses cookies to improve your web experience.