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Insurtech Koltin sequred $7.3 mn in Series A funding

Insurtech Koltin sequred $7.3 mn in Series A funding

Koltin, a Mexican insurtech focusing on private health insurance for seniors, secured $7.3mn in Series A funding. Left Lane Capital led the round, with its Vice President, Rachel Schow, joining Koltin’s board of directors.

The funds will support Koltin’s goal of improving health and financial security for elderly Mexicans. Koltin provides personalised insurance coverage alongside tailored healthcare services, supported by a dedicated clinical team.

Eduardo Ortiz and Carmen Rosillo founded Koltin after their grandparents were denied private insurance due to age. The company has partnered with a major insurer, offering members access to medical coverage, personalised health plans, and team-based care.

“Koltin members are already experiencing better health outcomes. In fact, 3 in 5 customers say that their quality of life has improved thanks to Koltin and over 75% would feel ‘very disappointed’ if they couldn’t have access to Koltin anymore,” said Eduardo Ortiz, Founder and CEO of Koltin.

“Partnering with Left Lane Capital is an incredible opportunity for us to reach more and more families in Mexico, while continuing to innovate on our technology-driven care model”. 

The Series A raise follows a year of rapid growth for Koltin, which underscores the strong demand for its services. Since their launch in 2022, the company has thousands of happy customers.

Rachel Schow, Vice President at Left Lane Capital, led the deal and will join Koltin’s board. “Eduardo and the Koltin team are the first to offer a comprehensive solution for seniors in Mexico, combining tailored care plans from a dedicated clinical team with personalized insurance coverage. Their proactive approach is not only addressing the needs of an underserved population, but also unlocking a significant opportunity to improve health outcomes and transform how seniors afford their care. We’re excited to support them as they lead this important shift.”

Insurtech Koltin sequred $7.3 mn in Series A funding

Schow noted that Koltin’s approach fills a gap in senior healthcare in Mexico, offering a proactive care solution alongside insurance tailored to seniors’ specific needs.

Koltin integrates traditional insurance with a tech-driven approach to provide personalized healthcare services.

Koltin is the only company in Mexico dedicated to advancing the health of older adults and the financial resilience of their families. For the first time, people over 50 – the fastest growing age segment in the country – have access to private health insurance and proactive, personalized, and tech-enabled healthy aging support.

These include virtual consultations, WhatsApp communication with care teams, and in-person annual check-ups. By partnering with one of Mexico’s largest insurance carriers, Koltin gives seniors access to comprehensive health coverage and tailored care plans, addressing an underserved segment in the healthcare market

Peter Sonner  by Peter Sonner