Leaf has assisted The CareVoice, a Shanghai, China-based health insurtech platform to close an eight-figure USD Series A funding.
The round was led by 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.
The company intends to use the funds to:
– Invest in R&D and continuously upgrade the CareVoiceOS end-to-end digital healthcare and insurance experience,
– Expand its sales and customer success teams as well as international business development efforts, and
– Accelerate the launch of 10 new health insurance products, in partnership with insurers, focusing on health prevention and change of behavior.
The cross-border Leaf team advising on this landmark technology project was comprised of Gregory Louvel as lead partner, Jean-Philippe Engel , partner, with support from Chloe Voratanouvong, Charlotte Mantoux and Zhang Xian.
“The success of this fundraising is a showcase of the ability of Leaf to intervene on complex cross-border VC/PE transactions in the #tech industry in Asia and to cement long term relationships with the start-ups we represent”, commented Gregory Louvel, partner at Leaf.
“This fundraising positions The Carevoice as the leading player in Insurtech industry in Asia by driving digitalization and innovation for insurance companies”, added Jean-Philippe Engel, partner at Leaf.
Leaf is a corporate law firm specialized in M&A transactions and Private Equity in China. The team, composed of Chinese and international corporate lawyers, advises mid-cap enterprises and international corporations for their M&A operations in China, their joint ventures with public and private Chinese players or to structure investment in Asia.
Leaf’s team has recently received the award of the M&A Cross-Border Transactions Firm of the Year in China by Finance Monthly and recognized as a member of league of Valuable Practice by Leaders League.
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.
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.