LatamList – Betterfly, a Chilean startup, raised a $9M Series A funding round led by QED Investors.
Betterfly, previously Burn to Give, is an “all-in-one” platform combining personal well-being with insurance. For a monthly subscription of $4.29 a month, customers gain access to services such as telemedicine, psychological support, nutrition advice, fitness classes, well-being, and personal finance advice.
The startup also sets virtual health challenges to help customers build a healthier lifestyle. Challenges are awarded with points that convert into discounts and offers on the platform.
“We believe that Betterfly is an innovative business that will have a big impact in the region through making personal well-being and finance accessible to all and its beneficial social impact,” said Mike Packer, Managing Partner of QED Investors.
QED Investors is a leading US venture capital firm with a focus on fintech startups. The company has previously invested in platforms such as Nubank, Creditas, Quinto Andar, and Loft.
The new funding will enable Betterfly to consolidate its presence in the insurance market and expand in the region over the next two years. The round also marks QED Investors’ entrance into the Chilean market.
“We are happy that QED Investors have chosen us for their entrance in the Chilean market, and to support our expansion in the region,” said Eduardo della Maggiora.
Read more on Diario Financiero.