Air Doctor Raises $7.8 Million: Capital
By Allison Bell
(Credit: WPClipart.com)
Air Doctor — a company that has created an international health care provider network for travelers — says it has raised $7.8 million in capital from investors.
(Related: Policygenius Raises $100 Million)
This is the Tel Aviv-based company's "Series A" round of funding, or first major round of funding.
The company raised $3.1 million in seed stage funding in July 2018.
The two investors in the new funding round were Kamet Ventures, which is a venture capital arm of AXA.S.A., and The Phoenix Insurance Company.
The Air Doctor provider network serves travelers who need local private physicians for non-emergency care. The provider network program is now available in 42 countries.
Air Doctor markets the network to insurers as well as to other types of companies, such as credit card companies and mobile phone companies.
In other insurance company financing news, JennyLife, a Seattle-based life insurance broker that focuses on serving women, says it has raised $3.5 million in Series A round funding.
JennyLife previously raised $1.5 million in seed stage funding.
Some of the new capital came from CMFG Ventures, which is an arm of CUNA Mutual Group, JennyLife says.
JennyLife uses digital systems to sell women life insurance from insurers that do not require applicants to go through paramedical exams.
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