Healthtech startup Even raises $15 million from Alpha Wave, Lightrock

Even, a preventive health care platform, raised $15 million from Alpha Wave and Lightrock, formerly known as Aspada. Existing investors including Khosla Ventures, Founders Fund, Kunal Shah of CRED and Tom Stafford (Partner at DST Global) also participated in the round.

The healthtech platform will use the funds to hire more clinical experts, including doctors to provide course of action for health goals such as quitting smoking and managing specific diseases, such as diabetes and PCOS (polycystic ovary syndrome). Run by Even Healthcare Pvt Ltd, the platform previously raised $5 million in its seed round.


Even was founded in 2020

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“Our doctors collect and study important information about members’ health and suggest ways to mitigate risks. Comorbidities such as diabetes, high cholesterol, high blood pressure and obesity are quite common in India and often are not monitored due to reluctance to visit a doctor and not getting health checks unless there are symptoms,” Matilda GiglioCo-founder Even said in a statement shared by the company.

Matilde claims that around 50% of platform users found out they were diabetic only after the onboarding process.

Started in 2020 by Matilde, who was previously an angel investor; mayank banerjee, Oxford University graduate; Y Alessandro Davide LalongoHolding a Ph.D. from the University of Cambridge, Even provides healthcare services to platform members.

The health membership product costs about $200 per year for a person ages 18 to 35 and covers everything, including unlimited visits to primary care doctors, diagnoses and scans. Membership will also continue as the person ages.

“Even is a revolutionary model that integrates care delivery and financing, ensuring that members make the best health decisions for themselves with the support of high-quality physicians incentivized to deliver results for patients,” said Tejasvi. Ravi, Healthcare Leader at Lightrock India.

The Bangalore-based firm was founded at a time when many Indians were waking up to the harsh realities of hospital bills and underinsured.

It even currently competes with Kenko Health, Sequoia Capital-backed Loop, based in Pune and backed by Elevation Capital, and Clinikk, which also provides medical assistance, among other services.