Alyve Health, a health tech platform, announced a Series A funding round of $5.5 million. The investment round was led by Axilor Ventures and saw participation from 1Crowd Fund, an existing investor, as well as Inhealth Ventures, a healthcare-focused fund. The company also raised venture debt funds from Trifecta Capital as part of this round.
The health tech company plans to use the new funds for strategic growth initiatives across key areas like platform enhancement, talent acquisition, expansion of operations, amplification of services, and higher member engagement.
Alyve’s health plans cover multiple healthcare journeys like doctor consultations, diagnostics, medicine purchases, dental procedures, gym memberships, and proactive well-being. The Alyve Health platform is integrated with payers (insurers, TPAs), intermediaries (brokers, financial institutions, digital platforms), and providers (clinics, diagnostic centres, fitness studios). The platform provides tailored solutions to multiple groups – employees, customers, and channel partners.