Hive Health Secures $6.5M to Transform Philippine Healthcare

Hive Health, a Philippine-based digital health insurance company, has successfully raised at least $6.5 million in its pre-Series A funding round, according to DealStreetAsia.

• Funding Round Details: The funding round was led by Gentree and BEENEXT, with participation from Y Combinator, The Graduate Syndicate, and Oak Drive Ventures.

• Company Background: Founded in 2021 by Harvard and Stanford alumni Camille Ang and Jiawen Tang, Hive Health offers comprehensive HMO plans.

• Digital Platform: The company’s digital platform allows users to manage healthcare tasks, including approval requests, provider searches, and teleconsultations.

• Strategic Acquisition: Hive Health acquired Health Plans Philippines, Inc. (HPPI), integrating its extensive network and expertise.

• Vision and Impact: CEO Camille Ang envisions providing secure and sustainable healthcare solutions for all Filipinos.

Hive Health's recent funding and strategic acquisition demonstrate its commitment to enhancing healthcare access and delivery in the Philippines.