Alice raises $40M Series D led by IFC

Brazilian healthtech company Alice has raised $40 million in a Series D funding round, led by the International Finance Corporation (IFC). The investment was joined by several other entities, including DEG, Finnfund, Kaszek, ThornTree Capital, and Canary, who were also existing investors. This comes after Alice's $20 million Series C funding round in 2021.

Alice's platform offers health insurance that integrates medical care, technology, and patient data. The company utilizes artificial intelligence to enhance patient care, automate administrative tasks, and reduce operating costs. The recently acquired funds will be allocated towards bolstering Alice's AI capabilities, particularly the Alice AI assistant.

This AI tool, integrated into the company's app, will utilize patients' medical records to offer personalized guidance and facilitate connections with telemedicine services, specialists, and hospitals.

Since its inception, Alice has experienced significant growth. The company currently serves over 100,000 members, a stark contrast to its approximately 6,000 members in 2021. Alice's annual recurring revenue now exceeds $220 million, with an annual growth rate of around 70%.