-Becomes leading health insurtech platform in Asia-

The CareVoice, an international health insurtech company based in China, 
announced today that it has successfully raised an eight-figure USD Series A 
funding round. The round was led by a global investment group, LUN Partners 
Group, and a global investment manager specializing in financial services. DNA 
Capital, a global healthcare fund, as well as returning investors SOSV and 
Artesian Capital, also joined the round.  

Private health insurance is booming in China yet insurers face growing customer 
demand to provide better and more effective digital solutions to manage their 
health. The CareVoice's core product is a data-driven mobile-based SaaS 
solution that digitizes the healthcare and insurance journey with the consumer 
in mind. The product has been adopted in Mainland China and Hong Kong by 15 
local and international insurance companies, including Ping An and AXA. It has 
demonstrated a positive impact on insurance sales, customer retention and 
savings.

Photo - https://photos.prnasia.com/prnh/20190822/2558897-1
(Caption: a quick look at CareVoiceOS)

Additionally, The CareVoice has recently released its latest product 
innovation, CareVoiceOS(TM), the first healthcare "Operating System" for 
insurers. The platform provides an end-to-end technology solution that insurers 
can use to design and bring more tailored, compelling, and efficient insurance 
plans, while also tapping into an ecosystem of connected healthcare services.

"This funding will accelerate our vision to become the leading health insurtech 
platform in Asia, making health insurance digital and more human! Thanks to our 
new breakthrough CareVoiceOS(TM) platform, we will continue growing fast the 
number of insurers using our services while penetrating new geographic markets, 
with the aim to change how millions of insurance members experience healthcare 
insurance." Sebastien Gaudin, co-founder & CEO of The CareVoice said. "We are 
so glad to be backed by great investors who can significantly help us achieve 
our ambition."

The CareVoice plans to scale the team by three folds and pursue three main 
goals: 

1. Invest in R&D and continuously upgrade the CareVoiceOS end-to-end digital 
healthcare and insurance experience, balancing core platform development with 
integration of leading healthtech and insurtech services; 
2. Expand its sales and customer success teams as well as international 
business development efforts; 
3. Accelerate the launch of 10 new health insurance products, in partnership 
with insurers, focusing on health prevention and change of behavior.

"We foresee that insurance will be the next sector to experience the highest 
growth of digitalization and innovation as well as the arrival of new fintech 
unicorn companies." Mr. Peilung Li, Founder and Chairman of LUN Partners Group, 
further explained, "CareVoice is driving digitalization and innovation for 
insurance companies, and we are very confident about its development in the 
Greater China market. To further aid the Company's growth, LUN Partners will 
help CareVoice extend its proven digitalization solutions to overseas insurance 
marketplaces in Japan, Southeast Asia, and other regions."

Luiz Henrique Noronha, Partner at DNA Capital said: "The CareVoice business 
model really tackles the pain points of health insurance companies that we know 
particularly well, considering our various investments in this sector. We are 
thrilled to help The CareVoice tap into this massive growth opportunity in 
China and other geographies. We foresee The CareVoice will keep innovating 
thanks to its recently launched CareVoiceOS(TM) platform, which is critical in 
allowing insurers to bring consumer-centric and efficient health plans!"

Moreover, as part of this Series A round, StartupCare, the recent venture 
launched by The CareVoice, has been spun off. The first health benefits for 
entrepreneurs and their teams now have the financial means to accelerate 
further its uptake in Mainland China and Hong Kong.

About The CareVoice

The CareVoice is a health Insurtech company transforming healthcare experiences 
to be more consumer-centric. It provides a digital platform that unleashes 
value for insurance companies, allowing them to become true health partners of 
their insurance members, reach the cutting edge of innovation, get closer to 
their customers, and drive down costs. 

Founded in Shanghai in 2014, The CareVoice has won multiple awards such as Best 
Foreign Startup by TechNode / TechCrunch China, and Front Runner Up at The 
Digital Insurer's Asian Startup Insurtech Award. The CareVoice successfully 
completed the Chinaccelerator program in 2017 and the Ping An Cloud Accelerator 
program in 2018. To learn more about The CareVoice, visit www.thecarevoice.com

About LUN Partners Group  

Established in Hong Kong, LUN Partners Group is a global investment group, with 
offices in Shanghai and Tokyo. The Group's primary businesses are investment 
management and financial services. The Group currently manages multiple venture 
capital and private equity funds, and operates several financial services 
companies. 

SOURCE: The CareVoice