Vitable Health nets $1.6m in its funding led by SoftBank

Health insurance startup Vitable Health has collected $1.6m in a funding round, which was led by SoftBank Group.

With the burst of funds, the InsurTech hopes to scale is operations, provide customers with more services and attract more clients. It will also be used to expand its services to residents of New Jersey and Delaware.

Other backers to the round included Combinator, DNA Capital, Commerce Ventures, MSA Capital and Coughdrop Capital. Several angel investors contributed including, Mercury Bank CEO Immad Akhund and ex-Gainsight COO Allison Pickens.

Vitable Health provides individuals with a healthcare plan, which include virtual and concierge in-home visit. Policies include primary, chronic, urgent, dermatology, women’s health and virtual care. It also includes lab tests, imagine and vaccines.

SB Opportunity Fund early stage investing lead Paul Judge said, “Good healthcare is a basic right that every American deserves, whoever they are. We’ve been inspired by Joseph and his approach to addressing this challenge.

“Vitable Health is bridging critical gaps in patient care and has emerged as a necessary, essential service for all whether they’re uninsured, underinsured, or simply need a better plan for their lifestyle.”

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