Peachy, a health InsurTech startup looking to relieve the strain on the National Health Service (NHS), has raised £1.5m.
According to a report from UK Tech News, the funding came from a list of angel investors from the world of private healthcare and insurance, including former executives at Bupa and the Chartered Institute of Insurance.
Founded in 2021, Peachy’s all-in-one platform gives customers access to private health coverage, find local specialists and have digital access to GPs via phone and video chat.
Customers can also build custom health plans and make claims through the Peachy app.
In a statement on LinkedIn, Peachy said, “We’ve come a long way in a short time since we first set out to build our own fresh and juicy alternative to traditional health insurance, and are excited to bring affordable healthcare to our ever growing audience that’s hungry for a better solution.”
Peachy continued, “Thanks to everyone who’s joined us on our mission so far – from our wonderful investors who believe in what we’re doing to our amazing customers who are already benefiting from our simple, flexible and affordable approach to health insurance.”
Amit Patel, Peachy founder and CEO, added, “My former career as a surgeon in the NHS and subsequent time as an executive in and around the private healthcare industry gave me all the experience, insight and exposure to see and know what works and what doesn’t.
“We are proud of what we have built with Peachy – a true end-to-end technology-based solution that private medical insurance has been in desperate need of for years. More than anything, we are excited about the much larger cross-section of the public who will now find it radically easier and more affordable to get the private healthcare they want, all of which will help ease the strain on the NHS.”
Earlier this year, India-based InsurTech company HealthySure reportedly raised $1.2m in its pre-Series A funding round.
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