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Softbank leads $127 million funding round for Brazilian healthcare startup Alice -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The SoftBank Group Corp logo is shown at SoftBank World 2017, Tokyo, Japan. July 20, 2017. REUTERS/Issei Kato/File Photo

SAO PAULO (Reuters). Brazilian healthcare startup Alice raised $127m in series C funding led by Softbank Latin America Fund.

Other investors include shareholders Kaszek Ventures and ThornTree Capital Partners and new investors such as Allen & Company LLC, G Squared, Globo Ventures and StepStone.

Alice is also owned by Endeavor Catalyst e Maya Capital.

Alice didn’t disclose the value of its 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.

Director at Softbank Latin America Fund Paolo Passoni stated that less than 25% Brazilians have private healthcare access and Alice is one company trying to address the problem.

Focused in Sao Paulo, the startup provides healthcare to approximately 6,000 people. The partnership includes 10 hospitals and 200 labs. Alice has recently purchased Cuidas startup, which specializes in healthcare products for companies.

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