Koltin, which is the first company in Mexico to offer private health insurance coverage to seniors, announced the closing of a $7.3 million Series A funding round led by Left Lane Capital. This funding round, which includes participation from previous investors, will fuel Koltin’s mission to improve the health and financial resilience of aging Mexicans and their families.
The company co-founders Eduardo Ortiz and Carmen Rosillostarted the company after their grandparents were denied private health insurance due to their age. And by bundling traditional insurance coverage and personalized, proactive care, Koltin is able to grant access to health insurance to this overlooked segment of the population for the first time.
Koltin quickly established itself as the best alternative for older Mexicans looking for world-class care. And after partnering with one of the largest insurance carriers in the country, members of Koltin have access to major medical health insurance coverage, dedicated team-based care, and tech-enabled personalized health aging plans. The company’s approach enables patients to interact with care teams virtually and via WhatsApp, with in-person support during annual check-ups and emergency hospitalizations.
The Series A funding round follows a year of rapid growth for Koltin, which underscores the strong demand for its services. And since its launch in 2022, the company has thousands of customers.
KEY QUOTES:
“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. 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.”
-Eduardo Ortiz, Founder and CEO of Koltin
“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.”
-Rachel Schow, Vice President at Left Lane Capital, led the deal and will join Koltin’s board
