Telehealth Startup Sofia Raises $19 Million In Series A Funding

Telehealth startup Sofia raised $19 million in a Series A funding round, bringing the company’s total to over $25 million to date.

Index Ventures, a multi-stage venture capital firm, led the funding round. The company plans to use the new funds for product development.

Sofia offers subscription-based telehealth services for severe illnesses and accidents in Mexico.

Arturo Sánchez, founder and CEO of Sofia, said: “We’re thrilled about this project being a reality and finally able to improve the way that millions of people face and access healthcare. When living and working abroad, we three founders have experienced better and simpler healthcare, novel go-to-market for insurance, all enabled by tech. We’re excited to come back home to Mexico, partnering now with Index Ventures”.

“Becoming the first digital health insurer to achieve regulatory approval is a huge milestone for the company and opens up an opportunity to transform how care is delivered. We are excited by Sofía’s vision to build end-to-end healthcare and a full-stack insurance offering. While Mexico has not historically been core geography for us, it is a sector we know well, a huge market opportunity, with fantastic entrepreneurs who have assembled a world-class team.” commented Hannah Seal, Principal, Index Ventures.

According to Mercom’s recent Digital Health Funding and M&A report telehealth, companies raised $1.4 billion in Q3 2020. Recently telehealth company WELL Health raised $45 million.

Learn more about telehealth companies.