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News
Function Health nets $450M from General Catalyst to prove preventive care is cheaper than waiting to get sick — TFN
2+ hour, 14+ min ago (324+ words) Function has secured $450 million in growth financing from General Catalyst‘s Customer Value Fund (CVF), the venture firm’s non-dilutive vehicle that ties capital to customer growth rather than equity. It is one of CVF’s largest deals to date, following a…...
Prosus pours $460M into Alan at $6.3B: Can prevention insurance become Europe's next healthcare giant? — TFN
1+ mon, 5+ day ago (19+ words) Tech Funding News...
Germany’s allO secures $14M Series A to replace restaurant admin with AI — TFN
2+ mon, 4+ day ago (509+ words) Munich-based allO has closed a $14 million Series A round led by Zigg Capital. Founded in 2020 by Cancan Liu, Teodor Rupi, and Benedikt von Lewinski, allO has built an end-to-end AI-driven operating system for restaurants, covering everything from point of sale…...
With $40M from a16z and Oak, Turquoise wants to build the OS for healthcare pricing chaos — TFN
4+ mon, 1+ week ago (455+ words) The US healthcare system wastes nearly $1 trillion every year because contracts are scattered across different places. This causes denied payments, surprise bills, and high administrative costs for everyone. Turquoise Health aims to fix this by bringing pricing data, contract details,…...
Cohere rival Alaffia banks $55M to bring agentic AI into health plan operations — TFN
5+ mon, 3+ week ago (440+ words) Every year, health plans lose as much as $570 billion due to administrative inefficiencies, including slow claims processing, higher medical costs, and complex regulations. Many still use manual clinical reviews, which take a lot of time, increase compliance risks, and can…...
Lateral lands £2.5M from Augmentum for active seniors' insurance — TFN
5+ mon, 4+ week ago (476+ words) With 14.5 million people now over 60, rising to 17 million by 2040, the UK is heading into a demographic shift that is reshaping healthcare demand. Many in this age group are paying out of pocket, quietly driving a £1.6bn self-pay market without much guidance....
Benepass bags $40M to help employers redesign benefits — TFN
6+ mon, 1+ week ago (301+ words) Healthcare costs are projected to increase nearly 10% in 2026, driven by greater utilisation and the rising price of speciality drugs such as GLP‑1 medications. Benepass offers a benefits capital management platform that gives employers precision control over how dollars are allocated…...