Health IQ Insurance Services, which offers discounted life insurance to individuals that pass its online health literacy test, has raised a further $55m, taking its total raised to $140m and its valuation to ~$450m. The company is also in the process of raising another $50mn from existing investors including General Catalyst Partners, New Enterprise Associates, and Kleiner Perkins Caufield & Byers.
Health IQ Insurance Services, which offers discounted life insurance to individuals that pass its online health literacy test, has raised a further $55m, taking its total raised to $140m and its valuation to ~$450m. The six-year-old firm, which counts Aquiline Capital Partners, Greenspring Associates and Andreessen Horowitz among its investors, works with carriers rather than offering insurance directly, and claims to have written around $21bn in coverage over three years.