Spanish startup Elma gets $3.2M for a digital-first health insurance play

INSUBCONTINENT EXCLUSIVE:
health insurance business starting with Spain, its domestic market.Also investing in the Series A are a number of unnamed local investors
focused on the healthcare space, along with Barcelona-based investor and company builder Antai Venture Builder (AVB), Arroba Capital, and US
largest health insurers in Spain (now owned by Bupa)
building a number of digital healthcare tools that can be accessed via an app
make it happen given their legacy
Elma will offer subscribers initially is a telehealth service that lets members talk to a doctor via video call and chat, providing remote
medical professional to deal with a specific condition (it has a pool of 23,000 doctors in Spain for in-person healthcare)
understand our products and buy entirely online
These are just a few features that we are releasing with, but our vision is to pursue the digitalization of the industry to fulfil our
mission
of long wait time for the free public service
scale this type of company [to other markets]
So far we want to concentrate in Spain
In the future we will look for markets where our product fits the best, and it may be countries with or without a strong public health
system
What we believe is true is if we make it here, where we are competing with an excellent service which is for free (Spanish public healthcare