SoftBank led a USD127m round for Brazilian healthcare provider Alice, with participation from G Squared, Globo Ventures, StepStone and Allen & Co, and follow-on from KASZEK and ThornTree Capital Partners. Alice raised ~USD36m in February 2021 from KASZEK, Canary, MAYA Capital, ThornTree Capital Partners, and Endeavor Global. Alice acquired Cuidas, a Brazilian primary care platform for employees, in December 2021.
(Reuters) – Brazilian healthcare startup Alice has raised $127 million in its series C funding round led by Softbank Latin America Fund, the company said on Tuesday.
Other investors include shareholders Kaszek Ventures and ThornTree Capital Partners and new investors such as Allen & Company LLC, G Squared, Globo Ventures and StepStone.
Other shareholders in Alice include Canary, Endeavor Catalyst e Maya Capital.
Alice did not disclose its valuation in the round. CEO and co-founder André Florence said the funds will be used to invest in technology and services to companies interested in providing healthcare to employees.
Paolo Passoni, director at Softbank Latin America Fund, said less than 25% of Brazilians have access to private healthcare and Alice is one of the companies trying to tackle the healthcare problems.
The startup, focused in the Sao Paulo metropolitan area, provides healthcare to around 6,000 people and has 10 hospitals and 200 medical labs as partners. Alice recently acquired startup Cuidas, focused in providing healthcare products to companies.