2024年全球保险科技投资报告

TheStateof

GlobalInsurtech

2024

November2024

"mundiventures

Europeanearly-stageventurecapitalfirminvestinginB2Btechnology

companies

Foundedin2015,

MundiVentures

isaVentureCapitalfirmheadquarteredinMadridwith€500millionin

assetsundermanagement.MundiVenturesanditsteamhavesupportedover60techcompanies

worldwide,withafocusonInsurance,Retail,andDeepTechTechnologies.

TheMundiInsurtechFundhasbuiltatrulyunique

valuepropositionforInsurtechstartups:itisindeedafullyindependentVCFund,backedbyseveral

internationalinsurers,mutualfunds,andfamilyofficesinvestorsfromUSA,France,Spain,The

NetherlandsSwitzerland,MiddleEast,andSouthAfrica.Mundiisinvestedin6unicorns,includingwefox(Berlin),bolttech(Singapore),Betterfly

(Santiago),orSHIFTTechnologies(France).

BenchmarkinsurerintheSpanishmarketandlargestSpanish

multinationalinsurancegroupintheworld

MAPFREisaglobalinsurancecompany.Itisthe

benchmarkinsurerintheSpanishmarket,the

multinationalleaderinLatinAmericaandthelargestSpanishmultinationalinsurancegroupintheworld.MAPFREiscommittedtoboostingcustomer-centereddigitaltransformation,viaMAPFREOpenInnovation,andcreatingapositiveimpactonthebusinessandsociety.

Sinceitsinception,morethan4.4millioncustomershavebenefitedfromsolutionsoriginatingfromthismodel.

Clickhereformoreinformationaboutthe

innovationatMAPFRE

Globalstartup&venturecapitalintelligenceplatform

Dealroom.coistheforemostdataprovideronstartup,early-stageandgrowthcompanyecosystemsin

Europeandaroundtheglobe.

FoundedinAmsterdamin2013,wenowworkwithmanyoftheworld'smostprominentinvestors,

entrepreneursandgovernmentorganizationstoprovidetransparency,analysisandinsightsonventurecapitalactivity.

wefox

bol'tech

Page/2

dealroom.co

KeyTakeaways

Insurtechfundingisstabilizing.

Late-stageisthetoughesthit,butalsoatearlyandbreakoutstagethebarishigherforinsurtechstoraise.

Insurtechfundingin2024isprojectedtobealmostonparwithlastyear.Insurtechfundinghadpeakedin2021andthendroppedbyovertwothirds.Nowwearebackto2018levels.

Late-stagehasfallennearly90%fromitspeakin2021.Earlyandbreakoutstagearefaringbetterbutarestilldown~50%frompeak.

Challengerinsurtechmightnotdisruptinsurance,buttheyarealiveandmightmakeitintheend.Hippo,Rootand

Lemonadeʼssharepriceshaverecoveredsince2023andtheyhaveallgrowntheirrevenueatafastpacewhileimprovingefficiency.

GlobalVCfundingininsurtechstartups

▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)▊$40–100m(seriesC)▊$100–250m(megarounds)▊

$250m+(mega+)▊Projection

B2BSaaSisontheriseininsurtech,attractingarecordshareoffunding.

AIisfuelingthis,throughAI-nativeplayersorproductexpansion.

43%ofinsurtechVCfundinghasgonetoB2BSaaSin2024,byfarthehighestshareever.

Thisincludesinsurancepaymentsproviders,underwritingandriskmanagementsoftware,claimmanagementandadministration,aswellasadmintechandcoreinsuranceplatforms.

Keyinsurtechfunction(productandprice,underwritingandclaim)havealsoattractedthemostofthefundingin2024forthefirsttimeeverasavaluechainsegment.

ManyofthesestartupsarealsoAI-nativeorexpandingtheirproductsuitewithadditionalAIproducts.AIisstillbothanopportunityandathreatfortheseplayers.

B2BSaaSshareofinsurtechVCfunding▊B2BSaaS▊Rest

GenAIbothoptimizesinsuranceprocessesandposessocietalchallenges.

Climateriskintelligenceisgainingimportanceasclimatelossespile.Healthcareismovingtoprevention.

GenAIintersectsinsuranceinmultipleways.GenAIisstarting

tooptimizeinsuranceprocesses,butontheotherhand,

insurersmustcontributetosocietalawarenessand

educationbytakingpreventivemeasurestoreducetheriskstowhichindividualsandcompaniesareexposed.

Climateriskintelligencehasreceivedconsiderableandstablefundingsince2021.

Withchronicdiseasesaccountingfor70-90+%ofhealthcareexpensesindevelopedmarkets,preventivecare,early

intervention,andbettermanagementaregainingincreasedimportance.

Deepdivesegments

Climate

Health

risk

risk

Generative

AI

Page/3Source:Dealroom.co.eMAPFRedealroom.co

TableofContents

1.Thestatusofglobalinsurtech

2.Deepdivetopics:GenerativeAI,Climateriskintelligence,

Healthprevention

dealroom.co

Page/4

1.Thestatusofglobalinsurtech

dealroom.co

Page/5

InsurtechVC

fundingin2024isprojectedtobealmostonpar

withlastyear.

Lookingback,itpeakedin2021andthen

droppedover

twothirds.

Nowwearebackto2018levels.

GlobalVCfundingininsurtechstartups

»viewonline

▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)▊$40–100m(seriesC)▊$100–250m(megarounds)▊$250m+(mega+)▊Projection

Page/6SourceDealroom.co2024dataasof27/09/2024dealroom.co

InsurtechVC

fundingin2024islagging

slightlybehindlastyear,thoughpositivetrendssuggestapick-upinQ4.

CumulativeInsurtechVCfundingbymonth(2019-2024)

2024

Page/7SourceDealroom.co2024dataasof28/09/2024dealroom.co

With$3.2Braisedin2024,insurtechshowsstronginvestorconfidence,despitea7%dipfromlastyear,slightlyunderperformingthemarketbutstilloutpacingfintech.

GlobalVCfundingbyindustryin2024YTDVCfundinggrowthbyIndustry,2024YTDvs2023*

Page/8Source:Dealroom.co2024dataasof27/09/2024*Projected2024amountcomparedwithlastyeareMAPFRedealroom.co

“Aftertheuncertaintyofpreviousyears,theglobal

insurtechmarketisnowshowingsignsoffurther

stabilization.Whilethefrenzyhascooled,weʼreseeingapositivereboundintheearly-growth/breakoutstages,particularlywithSeriesBfundingpickingup.

JavierSantiso

CEO&GeneralPartneratMundiVentures

However,thelate-stagemarketremainssignificantlyconstrained,withafreezeingrowthandIPOphases.ManystartupsarenowgearingupforpotentialIPOsin2025or2026,settingprofitablemodelsandwaitingformorefavourablemarketconditions.Thiscautiousenvironmentisshiftinginvestorfocustowardsprovenbusinessmodelswithsoliduniteconomics”

Latestageisthemaincauseoffundingdecreaseininsurtech.

Earlyandbreakoutstagehavefaredbetterbutarestilldown~50%frompeak.

Early-stage

isbackto2017,down

50%+frompeak.

▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(series

A)▊Projection

Breakoutstage

isupfromlastyear

andalmostbacktopre-pandemic

level.

▊$15–40m(seriesB)▊$40–100m(seriesC)

▊Projection

Late-stage

hasfallendramatically.

▊$100–250m(megarounds)▊$250m+(mega+)▊Projection

Page/10Source:

Dealroom.co.2024dataasof27/09/2024*Theamountforearly-stageislikelytobeunderestimatedduetoreportinglaginthelast12months.

dealroom.co

TheUSremainstheleadinggeographyin2024,whileEuropeattractedarecordshareofglobalfunding.However,agappersistsinemergingmarkets.

VCfundingininsurtechbyregionin2024

»viewonline

ShareofinsurtechVCfundingbyregion(2019-2024)

▊US▊Canada▊Europe▊SoutheastAsia▊RestofAsia▊Oceania▊LatinAmerica▊Africa

Page/11Source:Dealroom.co2024dataasof1/11/2024eMAPFRedealroom.co

“Whatweareseeingworldwideisaslowdowninthe

economysince2022,whichisdirectlyimpacting

investmentininsurtechventurecapital,some

geographiesmorethanothers.USandEurope,for

example,arebackontrackandshowinganoptimisticperformance.

However,AsiaandLatinAmericaarestrugglingtoraise,thelatterwithfundingathistoriclows.Still,theLatinAmericanecosystemisresilient,andentrepreneurscontinuetoseeknewformulas,models,andbusinessestorevitalizethesector.Theregionhasgreatpotential,moresoatatimewhentheinsurancegapis

LeireJiménez

GroupChiefInnovationOfficeratMAPFRE

graduallyshrinkingduetothelargevolumeofopportunitiesinit.Collaborativespacesandpublic-privatepartnershipsarekeytostabilizethemarketanddriveitforward”.

Challengerinsurtechshavegainedvaluableinsightsfrompastexperiences,andthemarketissignallingtheirpotentialtodeliversignificantvaluetotheindustry.

$800M

$1.2B

TotalFunding:

+

$600M

$450M*

Challengerinsurtechssecuredsubstantialearly-stage*funding,butinrecentyears,they

havefacedsignificantchallengesandsteeplearningcurves,whichhavedrivenimportantlessonsforthebroaderinsurtechecosystem:

●The“growthatallcosts”strategyhasprovenunsuitablefortheinsuranceindustry.Insurancerequirespreciseriskassessmentandpricing,makingaggressivegrowthdifficulttosustain.

●Therisingcostofcapitalandinterestrateshavenotonlyreducedinvestmentin

venturesbuthavealsoconstrainedtheinsurancecapacitythattraditionalinsurersandreinsurersarewillingtounderwrite.

●InsurtechIPOshaveunderperformedcomparedtootherindustries,withinvestorexcitementpeakingin2021.Thisenthusiasmledinsurtechstoscalerapidly,akintoSaaScompanies,resultinginthecreationofunprofitableinsurancebooks.

*TakingintoaccountMetromileacquisition

Shareperformancesofselectedinsurtechandbenchmarks

(normalizedto100forJanuary2023)

+54%

+42%

+35%

+23%

+18%

Page/13Source:AnnualandquarterlyInvestorreportingfromcompanies,analysisbyMundiVentures.eMAPFRedealroom.co

Root,LemonadeandHippohaveallgrowntheirrevenueatafastpacewhileimprovingtheirefficiency(operationalexpenses/revenueratio).

Revenue*

▊Root▊Lemonade▊Hippo

Operatingloss*

Operationalexpenses/Revenueratio

100

Page/14Source:*Secondhalfof2024projectionisbasedonaveragegrowthduringsecondhalvesoftheyearfrom2020-2023.eMAPFRedealroom.co

“Despitethesesetbacks,2024hasproventobeaturningpoint.Whilechallengerinsurtechsmaynothave

disruptedtheinsuranceindustryasinitiallyanticipated,theyhavedemonstratedresilience.

Theirsurvival,coupledwithrecentstockpricerecoveries,indicatesthatthesecompaniesarefindingtheirfootingandcouldachievelong-termsuccess.

TheseInsurtech1.0playershavepavedthewayforothers,makingiteasierfornewcomerstoenterthemarketandaddvalue,evenwhiledisruptingthe

LluisViñas

PartneratMundiVentures

traditionalvaluechain.”

43%ofinsurtechVCfundinghasgonetoB2BSaaSin2024,byfarthehighestshare

ever.

B2BSaaSshareofinsurtechVCfunding

▊B2BSaaS▊Rest

SelectedB2BSaaSinsurtechroundsin2024

»viewonline

Company

Round

Amount

Date

Segment

兔AKUR8

hyperexponentiol

artifcial.

$120M

$93m

$73m

$56m

$15m

$10m

SeriesC

SeriesC

SeriesB

SeriesC

SeriesA

SeriesA+

Sep2024

May2024

Jan2024

July2024

June2024

Feb2024

Insurancepricing

Paymentsandtreasurymanagementfor

insurers

Insurancepricing

AIxinsuranceapplications

Reinsurancetechnologyplatform

Algorithmicinsuranceunderwriting

Page/16Source:Dealroom.coDataupto24thSep2024eMAPFRedealroom.co

Claimsautomation&fraudmanagement

Virtualclaimsassessment

Claims

management

⃞360Globalnet'

Fraud

management

SHIFT

Agentero

心Bdeo

$Motionscloud

osicu

Quantemplate

Insurtechstartupsaretacklingoperationalefficiencythroughthewholevaluechain.

Embeddedinsurance

AIAgents

Enablingagents

Distribution

Insuranceadjacents

Product&underwriting

Fintech

Healthtech

Techenablers

Reinsurance

Pricingandmodelling

Digitaltherapeutics

erci

Datainfrastructure

Paymentprocessing

promptly

Underwriting

artificial.

正cybercube

.archipelago

Page/17Source:

Dealroom.co.Logosareexemplificativeandnotexhaustive.

Visit

https://insurtech.dealroom.co/intro-curated-content

formoredetails.

dealroom.co

Keyinsurtechfunction(productandprice,underwritingandclaim)attractedthemostofthe

fundingin2024forthefirsttime,whilechallengersandMGAsareataminimuminrecentyears.

ShareofVCfundingbyinsurancevaluechain

▊Challengerandfullstackinsurance▊MGA▊Insurtechdistributionandbrokerage

▊Embeddedinsurance▊Insurtechproductandprice,underwritingandclaim▊Insurtech

admintech▊Reinsurance

ChallengerandFull-stackinsurance

Challenger,fullstack&MGAshareoffundinglowesteverin2024.

Insurtechdistributionandbrokerage

Distributionandembeddedinsuranceisstillattractingsignificantfunding,butlessthanthelastthreeyears.

Insurtechproductandprice,underwritingandclaim

Keyinsurtechfunction(productandprice,underwritingand

claim)attractedthemostfundingin2024forthefirsttimeever.

Insurtechadmintech

Admintechplatformshaveattractedafewbigrounds.

Page/18Source:Dealroom.coDataupto8/10/2024.Valueaddinsuranceservicesareexcludedfromvaluechainanalysis.eMAPFRedealroom.co

L&Hattracted50%ofVCfundingin2024,onparwithP&Cforthefirsttimeafterthreeyears,drivenbyHealthinsurance.Commercialinsurance&ClimateriskattractedthemostinP&C.

ShareofVCfundingP&CvsL&HMainsegmentsbyinsurtechfundingin2024

▊P&C▊L&H▊P&C▊L&H

Dealroom.coDataupto8/10/2024.Propertyinsuranceandcasualtyinsurance(P&C)aretypesofcoveragethathelpprotectpeople,companiesand

Page/19Source:thepropertytheyown.Lifeandhealth(L&H)iaretypesofcoverageontheriskoflifeandmedicalexpensesthatarisefromhealthissues.L&HeMAPFRedealroom.co

insurerscovermainlylifeandhealthinsurance.

Topglobalinsurtechinvestorsin

2023-2024.

Topinvestorsinglobalinsurtechstartups(2023-2024)

Page/20

SourceDealroom.coDealroomʼsdefinitionofinsurtechmightdifferfromtheinvestorsview.dealroom.co

OMERS

Battery

NEA

GENERAlL⃞CATAlLYST

EUR人ZEO

SeriesB+

GGuiDewIRe

BlackROCK.

Mutual

[intacf]

SeriesA

d?pitango

Albionvc

⃞Lightspeed

KASZEK

张Arch

Notableglobalinsurtechinvestors.

RGA

is

anthemis

PORTAG三

(Pre)Seed

bpjirance

"mundiventures

③HighlineBeta

octopusventures

Sectoragnosticfunds

Insurtechfunds

Fintechspecialists

Strategicinvestors(Insurers,reinsurers,financialsector)*

Page/21Source:

Dealroom.co.Fundshand-pickedbasedonnumberofinvestmentsinInsurtech.Stageshownindicatesthecommonstageoffirstinvestment.Manyfundsaremulti-stage.

*OnlyconsidersdirectinvestmentfromcorporateorCVCarm,notLPparticipationsinVCfunds.

dealroom.co

VC-backedinsurtechexitsremainhigherthanpre-pandemiclevel,mostlydrivenbyM&A.

NumberofVC-backedinsurtechexitsglobally

»viewonline

Selectedinsurtechexitsin2024

▊Acquisitions&Buyouts▊IPO&SPACs▊Projected

Valuation

Round

Acquirer

Date

Company

sc-sure

praeakat

IPO

IPO

Buyout

Acquisition

Acquisition

$3.6B

$1.1B

$88M

Undisclosed

Undisclosed

May2024

May2024

Mar2024

Mar2024

Sep2024

TitleResourcesGroup

Openinsurance

Moodyʼs

Page/22Source:Dealroom.coeMAPFRedealroom.co

2.

Deepdivetopics:GenerativeAI,Climateriskintelligence,Healthprevention

dealroom.co

Page/23

“

HowwillGenerativeAIimpactthesocietyoftomorrow?

ArtificialIntelligence(AI)hasbeentransformingtheworldweliveinfordecades.GenerativeAI(GenAI)promisestofollowthesamepath,butwithamuchhigherrateoftechnologicaldevelopmentandsocialandbusinessadoption.

ʻNavigatingtomorrow.TheroleofinsuranceinasocietyembracingGenAIʼ*

outlinesfourplausiblescenariosfortheyear2029,eachhighlightingdifferentoutcomesbasedonGenAI'sdevelopment,regulation,andadoption.Thesedepictextremerealities,buttheyarewithintherealmsofpossibility.AcombinationofthemwilldeterminehowrealityisinfluencedbytheevolutionofGenAI.

Theawarenessandeducationofsociety

regardingtheresponsibleandappropriateuseofGenerativeAIisessentialinall

areas.

Onthosefourscenarios,newriskswillemerge,whilesomepreexisting

risksareexacerbatedbytheproliferationofGenAI.Thus,insurersmusttakepreventivemeasurestoreducetheriskstowhich

individualsandcompaniesareexposed.

Inthiscontext,therearesomeareasofopportunitytopursuefortheinsuranceindustry,fromnewcustomerrelationshipsandmore

suitableproducts,tofraud,cyberprotection,healthandmental

health,ortheresponsibleuseofAI/GenAI.Thesewillnotonlyservetoprotectourclientsagainsttherisks,buttoprotectourselvestoo,whileadaptingtomeetthenewprotectionneedsthatarise.

Weasinsurersareinthepositiontocreateapositiveimpactontheenvironmentandonsociety.Thatmeansexploringtheusethat

societymakesofGenAIandconsideringhowitswidespreadadoptioncanimpactourwayoflife.AtMAPFRE,wearecommittedtothat.ʼʼ

BárbaraFernándezGutiérrez

DeputyDirector(DisruptiveInnovation)andHeadofInsur_SpaceatMAPFRE

Page/24Source:

MAPFRE.*FormoreinsightsseeMAPFREreport:

Navigatingtomorrow:TheroleofinsuranceinasocietyembracingGenAI

dealroom.co

SeveralinsurtechshavestarteduptobringGenAInativeunderwriting,claimprocessing,AIagentsandcustomersupport,orareaddingGenAIpoweredfeaturestotheirB2BSaaSofferingsortotheirinternaloperations.

InsuranceRelatedGenerativeAIApplications

Revenueside

)AKUR8

AQuantee

Pricing

Sales&Distribution

GenerativeAIcanhelpnavigatethecomplex

regulationsoftheinsurancesector,buildup

customerdataandincreaseefficiencyinsomeof

theindustryʼslabour-intensiveandtime-consumingtasks.

Exampleusecases:

•Streamliningofsales&distributionswiththeautomationofadministrativetasks

•Improvementofunderwritingwiththecollectionofdata

•Bettercustomerexperiencewithdigitalhumanlikeinnovations

•Automationofclaimsmanagement

MOS下LyeAI

Productdevelopment

Costsside

SHIFT

PLΔNCK

Underwriting&risk

Claimsmanagement

"YWIZ.Al

creplicant

Customerexperience

八Ambience

Healthcare

Biotech

Adjacentsectors

Finance

Page/25Source:MundiVentures,Dealroom.coeMAPFRedealroom.co

ClimateRiskIntelligence&Managementisontrackforitssecondmostactiveyearever.

MostofthefundinghasgonetoEarthObservation,ParametricInsurance,ClimateRiskFinancialModelingandWeatherForecasting&Monitoring.

VCfundinginClimateRiskIntelligence&Management

»viewonline

▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)▊$40–100m(seriesC)▊$100–250m(megarounds)▊$250m+(mega+)▊Projection

SelectedClimateRiskIntelligence&ManagementVCroundsin2024

CompanyAmountRoundDateSegment

ICEYE

学Arbol

AFirststreet

LiveEC

$93M

$60M

$46M

€25M

$20m

£14m

SeriesD

SeriesB

SeriesA

SeriesB

SeriesB

SeriesA

Apr2024

Apr2024

Jul2024

Jun2024

Apr2024

Jun2024

EarthObservation:flooding

Parametricinsuranceforclimaterisk&extremeweather

Climateriskfinancialmodeling

EarthObservation:climaterisk&resilience

Agriculturalinsurance

Climateriskfinancialmodeling

Page/26Source:Dealroom.coeMAPFRedealroom.co

»Explorethelandscape

ClimateRiskIntelligenceandManagementstartups

Thefutureofhealthisprevention,andinsurerscanguidethisshift.

Wehaveseensignalsofwhatdigitalhealthcaremightlooklikeinthefutureandwhatnewtechnologieswillhelpmakeithappen-

Healthcareisbecoming:proactive,decentralized,personalized,value-basedandefficient.

Preventioniskeytolowerhealthcarespending,giventhatmuchofitgoestopredictable,preventablediseases.

Healthcareandtreatmentcoveragesarenoteventheproductsofthefuture,wellbeingandpreventionare.

Iftheultimategoalofhealthcareisimprovingthelengthandqualityoflife,itʼspertinenttolookbeyondclinicalcarealone.Studiespointto

healthcarebeingonlya10-20%contributingfactortohealthoutcomes(qualityandlengthoflife).Ofgreaterimpactare

socioeconomicfactors(employment,socialcare,education,

neighbourhood)andhealthbehaviours(smoking,diet&exercise,alcohol&drugs,sexualactivity).

Connectivity,continuousmonitoringandAIaregamechangersforprevention,proactivecare,andrecovery.Allofhighinterestto

patients,insuranceandfinancing.

Healthspending:shiftfromtreatmenttoprevention*

▊Well-being&prevention▊Treatment&care

Page/28Source:Dealroom.co,MundiVentures*DeloitteeMAPFRedealroom.co

Chronicdiseasesaretheleadingdriverofglobalhealthcarecosts,andtechholdsthekeytoreducingtheburden.

%Populationwithchronicdiseases(EuropeandNorthAmerica)*

Chronicdiseasesaccountforabout90%ofthe$4.1trillioninannual

healthcareexpendituresintheUSandestimated€700billionyearly,70%to80%oftotalhealthcarecosts,intheEuropeanUnion.Andthesame

trendismaterializingindevelopingregions.

Thisisduetoconditionssuchasheartdisease,diabetes,cancer,andobesity,whicharetheleadingcausesofdisabilityanddeath.

Maincostdriversforchronicdiseases

●HospitalizationandEmergencyCare:Repeatedhospitalstaysandemergencycarearesignificantexpenses.

●PrescriptionMedications:Long-termuseofmedicationstomanagechronicdiseasesaddsasubstantialcost.

●SpecialistConsultationsandOutpatientCare:Frequentvisitstospecialistsandongoingcareraisecosts.

●PreventableComplications:Thecostoftreatingcomplicationsfrompoorlymanagedchronicdiseasesishigh.

●AgingPopulation:ParticularlyintheUS,Europeandotherdeveloped

economies,anagingpopulationdrivesuptheneedforchronicdiseasecare.

Addressingchronicdiseasethroughpreventivecare,earlyintervention,andbettermanagementiskeytocontrollinghealthcarecostsinboththeUSandEurope.

Page/29Source:MundiVentures,Dealroom*WorldBank,2023dataeMAPFRedealroom.co

Thereʼsplentyoftechnologyavailablethatcanmitigatethesechallengesacrosstheentirepatientjourney.

Prevention

Earlydetection&health

management

Medical

history&geneticscreening

bwell

Healthylifestyleprograms

Health

tracking&wearables

Symptoms

Self-reporting&early

diagnosis

Symptomreporting

Digital

consultations

halodoc

ocuroble

Diagnostictools

Careplan

Personalized&data-driven

treatment

ovi

Physical

examination

Digital

therapeutics位virta

Remote

treatment

pelago

Post-treatment

Continuousmonitoring&

long-termmanagement

erci

sensi.Al

Continuous

monitoring&alerts

Patient

engagement&behavioralchange

Emotionalsupport&mental

health

growtherapy

Page/30Source:MundiVentures,Dealroom