The individual health insurance industry in the US caters to the personal and healthcare needs of millions. It comprises various companies that offer services like traditional health plans, supplemental policies, and catastrophe coverage. Recent trends indicate a shift towards personalized solutions and technology-driven platforms, making it easier for consumers to find plans that match their lifestyle. The rise of telehealth and wellness programs is reshaping how insurance products are delivered. With the growing emphasis on preventive care and mental health coverage, the industry is evolving rapidly, aiming to address unique consumer demands in a complex healthcare environment.


This list includes various investor types such as venture capital firms and corporate investors, with a focus on individual health insurance. Headquartered across regions like New Hampshire to California, these investors vary in size from small teams to large firms with thousands of employees. Founded between 1952 and 2023, their 2024 deal counts reflect active participation, with companies like Y Combinator and Deep Tech Fund making notable investments. The investors aim to back innovative solutions in health insurance to better serve consumers and drive growth within the sector.


Top 13 Individual Health Insurance Investors in the US


1. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies through a structured program that includes resources like the Startup School and co-founder matching services. With over 4,000 startups launched, Y Combinator has established itself as a key player in the technology startup ecosystem. Among its diverse portfolio, Y Combinator has made significant investments in the health insurance sector, including HealthSherpa, which raised funds in 2012, SimplyInsured, which secured funding in 2013, and InsureMyTeam, which raised capital in 2022. These transactions highlight Y Combinator's engagement with companies that are innovating in the individual health insurance market.


2. HUB International

  • Website: hubinternational.com
  • Type: Corporate
  • Headquarters: Chicago, Illinois, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 37
  • LinkedIn: hub-international

HUB International Limited is a corporate insurance brokerage based in Chicago, Illinois, founded in 1998. With over 10,000 employees, HUB provides a comprehensive range of insurance and risk management services to businesses, organizations, and individuals. Their offerings include business insurance, employee benefits, retirement services, and personal insurance. Notably, HUB has made several strategic acquisitions to enhance its capabilities in the health insurance sector, such as the acquisition of Employee Benefit Specialists in 2005, which bolstered their employee benefits services. More recently, in 2024, they acquired True North Group Insurance Services, LLC, further expanding their reach in the insurance market. These transactions highlight HUB's commitment to providing health insurance solutions, particularly in the individual and employee benefits space.


3. AssuredPartners

  • Website: assuredpartners.com
  • Type: Corporate
  • Headquarters: Orlando, Florida, United States (USA)
  • Founded year: 2011
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: assuredpartners

AssuredPartners is an insurance brokerage and risk management consulting firm founded in 2011 and based in Orlando, Florida. With over 10,000 employees, the company offers a wide range of services, including business insurance, employee benefits, and risk management solutions. AssuredPartners serves both businesses and individual clients across various industries, providing tailored solutions to meet their specific needs. Notably, they have made several acquisitions that enhance their capabilities in the insurance sector. For instance, the acquisition of Group Benefit Partners, LLC in 2022 indicates their commitment to expanding their employee benefits offerings, which often include individual health insurance products. Other acquisitions, such as Fiorella Insurance Agency, further strengthen their operational footprint and service offerings in the insurance market, potentially including health insurance solutions for individuals.


4. Plug and Play Tech Center


Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. The firm connects startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. With a focus on the technology sector, Plug and Play has made significant investments in health-related startups. Notably, they participated in the funding round for Ansel Health, which is expanding its supplemental insurance solutions across the United States, and they also invested in HealthPocket, a platform that assists consumers in comparing health insurance plans. These transactions highlight their engagement in the individual health insurance space, alongside their broader investment strategy.


5. 500 Global

  • Website: 500.co
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 98
  • LinkedIn: 500-startups

500 Global is a venture capital firm and startup accelerator based in San Francisco, California, founded in 2010. The firm specializes in investing in early-stage technology companies, providing funding, mentorship, and resources to help founders scale their businesses. In recent years, 500 Global has been involved in several transactions relevant to the health insurance industry, including a $15M Series A funding round for Ansel Health, which offers modern supplemental health solutions. Additionally, they have invested in other health-related startups like Justincase and Smartia, indicating a broader interest in health technology and insurance solutions. This diverse portfolio showcases their commitment to supporting innovative startups that address challenges in the health sector.


6. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors to connect them with high-quality investment opportunities in the startup ecosystem. The fund has been involved in several notable transactions in the health insurance sector, including participation in the Series B funding round for Sami, a Brazilian health plan operator, which raised $18M to scale its platform and develop new technology. Additionally, they participated in the seed financing for Ansel Health, which raised $5.5M to launch a modern supplemental benefit plan for employers. These investments highlight the fund's engagement in the health insurance industry, making it a relevant player in this space.


7. StartUp Health

  • Website: startuphealth.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2011
  • Headcount: 11-50
  • LinkedIn: startuphealth

StartUp Health is a not-for-profit organization based in New York, focused on health innovation and supporting health entrepreneurs and startups through its Health Moonshot Communities. Founded in 2011, it provides resources, networking opportunities, and media content to tackle significant health challenges. StartUp Health has been involved in several notable transactions in the health insurance context, including investments in Devoted Health, which raised $300 million to serve seniors, and Cityblock Health, which raised $65 million to provide healthcare services to underserved communities. They also invested in 9amHealth, a virtual diabetes clinic, which raised $16 million to expand its direct-to-consumer business and assist self-insured employers. These investments highlight StartUp Health's commitment to fostering innovation in the health insurance industry and improving access to healthcare services.


8. Gallagher Healthcare Ins Svc


Gallagher Healthcare Ins Svc, founded in 1952 and based in Huntersville, North Carolina, is a corporate investor specializing in medical malpractice insurance solutions tailored for healthcare providers. They offer a comprehensive range of insurance products designed to meet the needs of physicians and medical facilities, ensuring robust coverage against legal claims. Gallagher Healthcare has been active in expanding its portfolio through various acquisitions, including Five Points Benefits Solutions LLC, Benefits Unlimited, Inc., and Group Insurance Associates, Inc., all of which enhance their capabilities in employee benefits consulting and brokerage. These transactions indicate Gallagher's commitment to broadening its service offerings within the health insurance sector, positioning them as a relevant player in the individual health insurance market.


9. IFC - International Finance Corporation

  • Website: ifc.org
  • Type: Venture Capital
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1956
  • Headcount: 1001-5000
  • Number of deals in 2024: 107
  • LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, headquartered in Washington, D.C. It focuses on private sector development in emerging markets by providing investment, advisory, and asset management services to businesses and financial institutions. IFC aims to foster economic growth and address poverty challenges across over 100 countries. In the context of individual health insurance, IFC has made significant investments in companies like Onsurity, which raised $24 million in Series B funding to enhance employee healthcare benefits through technology solutions. Additionally, IFC invested in Roojai, a Thailand-based InsurTech startup, which aims to improve insurance offerings and customer experience. These transactions highlight IFC's active role in supporting innovative health insurance solutions, making it a relevant player in the individual health insurance sector.


10. General Catalyst


General Catalyst is a venture capital firm founded in 2000, based in San Francisco, California. The firm specializes in early-stage and growth investments across various industries, including technology and healthcare. Notably, General Catalyst has been actively involved in the health insurance sector, particularly through its investments in Oscar Health. The firm participated in several funding rounds for Oscar, including a $225 million round in June 2020, a $165 million round in March 2018, and a $400 million investment in February 2016, which valued Oscar at $2.7 billion. These transactions highlight General Catalyst's commitment to supporting innovative health insurance solutions and its strategic role in helping Oscar expand its operations and reduce costs as it grows.


11. World Insurance Associates LLC


World Insurance Associates LLC is an insurance agency based in Woodbridge Township, New Jersey, founded in 2012. The company provides a comprehensive range of business and personal insurance products, including individual health insurance, and financial services. They serve both businesses and individual consumers, helping them manage risks and protect their assets through tailored insurance solutions. In recent years, World Insurance Associates has actively expanded its operations through strategic acquisitions, including Coverage Administrators, Inc. in 2017, Szerlip & Company in 2021, and The Comprehensive Companies in 2022. Their most recent acquisitions, such as United Counties Insurance Group in August 2024 and Stern Insurance Group in December 2024, further demonstrate their commitment to growing their presence in the insurance market, which likely encompasses individual health insurance offerings.


12. Liquid 2 Ventures

  • Website: liquid2.vc
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 91
  • LinkedIn: liquid-2-ventures

Liquid 2 Ventures is a venture capital firm based in San Francisco, California, founded in 2015. The firm specializes in investing in technology startups at the pre-seed and seed stages, as well as growth-stage companies. They provide capital, mentorship, and access to a vast network of industry insiders to help founders navigate their entrepreneurial journeys. Notably, Liquid 2 Ventures has invested in several companies within the individual health insurance sector, including Sana Benefits, which raised $60 million in Series B funding in June 2022 and previously in a pre-seed round in August 2017. They also invested in Lively, which raised $27 million in Series B funding in October 2019 and $4.2 million in a seed round in September 2017. Additionally, they supported Evry Health, which raised $120,000 in a seed round in March 2018. These transactions highlight Liquid 2 Ventures' active role in the health insurance industry, particularly in supporting innovative solutions that enhance individual health insurance offerings.


13. Hilb Group

  • Website: hilbgroup.com
  • Type: Corporate
  • Headquarters: Richmond, Virginia, United States (USA)
  • Founded year: 2009
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: hilb-group

Hilb Group is a corporate insurance agency and consulting firm based in Richmond, Virginia, founded in 2009. They provide a wide range of insurance products and HR consulting services tailored for both businesses and individuals. Their extensive offerings include specialty insurance programs for various industries and employee benefits services. Notably, Hilb Group has made strategic acquisitions to enhance their presence in the health insurance sector, including the acquisition of Endeavor Insurance Services in December 2016, which specializes in group health and employee benefits. This acquisition aimed to expand their capabilities in health insurance, indicating their active role in this market. Additionally, their other acquisitions, while primarily focused on property and casualty insurance, reflect a broader strategy to diversify their offerings and strengthen their overall insurance services.



Individual Health Insurance Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
HUB InternationalChicago, Illinois, United States (USA)10001+199837
AssuredPartnersOrlando, Florida, United States (USA)10001+20117
Plug and Play Tech CenterSunnyvale, California, United States (USA)501-10002006253
500 GlobalSan Francisco, California, United States (USA)201-500201098
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
StartUp HealthNew York, New York, United States (USA)11-5020110
Gallagher Healthcare Ins SvcHuntersville, North Carolina, United States (USA)1-1019529
IFC - International Finance CorporationWashington, D.C., District Of Columbia, United States (USA)1001-50001956107
General CatalystSan Francisco, California, United States (USA)51-2002000144
World Insurance Associates LLCWoodbridge Township, New Jersey, United States (USA)1001-5000201211
Liquid 2 VenturesSan Francisco, California, United States (USA)1-10201591
Hilb GroupRichmond, Virginia, United States (USA)1001-500020094


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