Tuesday, 10 September 2024

Self-pay healthcare startups gaining steam

Plus, "Shark Tank Pakistan" judge talks venture funding

September 10, 2024

Hi, Agen. Seed, venture and growth investors have to date put over $1.4 billion into U.S. companies innovating around high-deductible health plans, self-pay and consumer-driven healthcare. Plus, we talked to Faisal Aftab, founder of Pakistan-based Zayn Venture Capital and judge for the soon-to-be-released “Shark Tank Pakistan,” about the country’s underfunded startup scene.

🩺 VCs pour more money into self-pay healthcare

With out-of-pocket health spending and high-deductible health plans on the rise, more U.S. venture investment is going to companies innovating around these themes. Consumers aren’t exactly elated at the trend.

Related Crunchbase Pro list: Funded Companies Tied To Self-Pay And High-Deductible Health Coverage

💬 A Pakistan “Shark” shares his take on that country’s startup scene

Faisal Aftab, founder of Pakistan-based Zayn Venture Capital, talked to Crunchbase News about the country’s underfunded startup scene, his plans to boost it with his role in the soon-to-be-launched “Shark Tank Pakistan,” and which sectors the panel of judges are likely to hear from.

💰 A look at the Pakistan-based startups that are getting funded

Despite a slowdown in venture investment in Pakistan, some of the country’s most prominent startups in sectors like delivery, e-commerce and online banking have actually been getting funded. Using Crunchbase data, here’s what we found.

Related Crunchbase Pro list: Sample List Of Pakistan’s Funded Startups

📍 NEW: Crunchbase releases Stages, a Kanban-style tracker board

Monitor your progress directly in Crunchbase with Stages, a new Kanban-style tracker board. Create customizable milestones, tasks, and more to efficiently manage your relationships with the companies you care about. Explore now.

🏆 Last week’s 10 biggest funding rounds

Investors were still hungover from the long holiday weekend, as big rounds rolled in slowly last week. Only three topped $100 million. However, the week did see a massive $1 billion raise for — what else? — an AI company.

See also: The Crunchbase Megadeals Board

Recent Investments

Race

$375M / Private Equity Round

Race Communications is a provider of fiber internet services that aims to offer reliable, high-speed internet to communities.

Categories:

Internet • Telecommunications • Wired Telecommunications

Founders:

Domenic Pacini, Raul Alcaraz, Roberto Alcantar

Investors:

Oak Hill Capital Partners (Lead), AB Private Credit Investors

OrsoBio

$67M / Series B

OrsoBio is a clinical-stage biopharmaceutical company that develops therapies to treat severe metabolic disorders.

Categories:

Biopharma • Biotechnology • Health Care • Medical • Therapeutics

Founders:

G Mani Subramanian

Investors:

Ascenta Capital (Lead), Woodline Partners (Lead), Eli Lilly + 4 more

Habyt

40M EUR / Venture Round

Habyt is a housing company that simplifies housing access with digital-first solutions for tenants and landlords.

Categories:

Property Management • Real Estate • Rental • Rental Property

Founders:

Luca Bovone

Investors:

Mars Growth Capital (Lead)

More Fundings

Company Amount / Round Lead Investor
Race $125M / Debt Financing AB Private Credit Investors
Mangomint $35M / Series B Altos Ventures
Korint 5.0M EUR / Seed Round Ventech
All Recent Funding Activity

Recent Acquisitions

OCI Methanol

Pending acquisition by Methanex Corporation for $2.0B

More Acquisitions

Company Acquired By Amount
Cityläkarna Terveystalo Healthcare Unknown
All Recent Acquisition Activity

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