Startup News

Sami, São Paolo Health Tech Startup, Raises $18M and Expands Offerings

2 Mins read

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Sami Secures $18M in Series B Funding, Bolstering Health Tech Innovation

Sami, a São Paolo-based health tech startup, makes waves in the industry as it announces a successful $18 million Series B funding round.

The funding was led by prominent investors Redpoint eventures and Mundi Ventures, with participation from notable firms such as Alumni Ventures, Digital Horizon, Tau Ventures, and Endeavor Catalyst. Existing investors, including Valor Capital, monashees, and key individuals like Kevin Efrusy of Accel, Ricardo Marino of Itaú, Mancora Ventures, Mauro Figueiredo, and Brad Otto, a former executive of UnitedHealth Group, also joined in the funding round.

This infusion of capital is set to propel Sami’s innovative healthcare solutions to new heights.

Expanding Corporate Health Insurance Plans and Broader Reach

Sami has established itself as a leading provider of corporate health insurance plans. Building on its success, the company plans to leverage the recent capital raise to expand its offerings. In addition to its existing online format and direct sales approach, Sami aims to make its corporate health insurance plans available through healthcare brokers.

By partnering with brokers, Sami can tap into their extensive networks and reach a wider audience, facilitating easier access to their innovative health insurance solutions.

Scaling the Platform and Implementing Cutting-Edge Technology

With the infusion of funds, Sami is poised to scale its platform and drive technological advancements. The company aims to enhance its platform’s capabilities and user experience by implementing new technology-based tools.

These tools will not only streamline operations but also empower users with improved digital healthcare services, paving the way for more efficient and personalized healthcare experiences.

CEO Guilherme Berardo on Sami’s Path to Expansion and Customer-Centric Approach

Guilherme Berardo, CEO of Sami, expresses excitement about the company’s growth trajectory. He highlights the significant progress made in the past two years, which has laid a strong foundation for rapid scaling.

Berardo emphasizes the importance of meeting customer preferences and demands. Whether it’s purchasing insurance plans online, via mobile devices, or through brokers, Sami is committed to being where the customers want to buy, ensuring a seamless and convenient experience.

Sami’s Funding Success Story: A Record-Breaking Series A Round in 2020

This latest funding achievement adds to Sami’s already impressive track record. In 2020, the company secured a groundbreaking $15.5 million in funding, marking the largest Series A round ever raised by a Latin American health startup at the time.

This remarkable accomplishment not only solidified Sami’s position as a frontrunner in the industry but also showcased the tremendous potential of health tech startups in the region.

Future Prospects and Sami’s Impact on Healthcare Innovation

With a strengthened financial position and strategic partnerships, Sami is well-positioned to drive innovation in the health tech industry. The company’s expansion plans and focus on digital healthcare solutions are set to revolutionize the way corporate health insurance is accessed and utilized.

By improving accessibility and enhancing user experiences, Sami aims to positively impact healthcare outcomes in Brazil and potentially expand its influence to other markets worldwide.


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