InsurTech Sensely secures $15m in new funding round

Sensely, a digital health and InsurTech platform, has secured $15m in its new funding round which will support its commercialization efforts.

The capital injection was led by Corporate Ventures, the venture division of US insurance firm Aflac. Other contributions to the round came from NMC, Nippon Life Insurance, Susquehanna International Group, Sojitz Corporation, Zuellig Pharma, and Silicon Valley Bank.

Existing investors in Sensely, including Mojo Partners, Chengwei Capital, and Pegasus Tech Ventures, also committed capital.

In addition to the fresh funds, the round provides Sensely with extended commercial pathways with markets serving more than 60 million members and representing over $200m in annual recurring revenue opportunities.

Moving forward the company is looking to bolster its commercialization efforts and grow its platform.

Sensely is an avatar and chatbot-based platform to assist insurance plan members and patients with insurance and healthcare resources they need. Users can communicate with the bot to receive advice and support with their needs.

The platform currently operates in United States, United Kingdom, United Arab Emirates, Netherlands, China, Hong Kong, Japan, Switzerland, and Australia.

Sensely CEO and co-founder Adam Odessky said, “We’re delighted by the opportunity to work with our new investment partners.

“While we are pleased with our progress over the past year, especially the rollout of our software development kit, we have many important challenges ahead. This funding will ensure that we can strike a balanced approach, continuing to serve our existing partners, while also evolving the platform for the next wave of requested capabilities.”

Copyright © 2019 FinTech Global

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