Otherwise, founded by Cécile Mérine, Raphael Berger and Aymeric Augustin, has launched a peer-to-peer health insurance product that provides a fully online, transparent and tailored customer experience. The platform organizes members into small affinity groups, encourages risk prevention and incentivizes responsible behavior with a collaborative bonus. Otherwise covers members in case of claims and reimburses them when all goes well. The company will use recently raised funds to further develop its technology platform and machine learning algorithms. The business operates from Paris, France and targets a collaborative, prevention-focused insurance model. Financially, it completed a seed funding round to support product and tech development.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2017