Reinsurance News

SCOR & Allianz back health startup Human API

2nd November 2020 - Author: Katie Baker

Human API has raised over $20 million in a Series C funding round that saw participation from SCOR Life and Health Ventures, Allianz Life Ventures, Samsung Ventures and CNO Financial Group.

SCORHuman API is a health data network that has established a reputation helping Fortune 500 financial services companies such as Prudential and John Hancock.

The company is also assisting digital health scale-ups, including Omada Health and Thrive Global, to power digital health and wellness solutions.

Positioning itself as a driving force in health data liquidity, the company is working to simplify the aggregation from direct-to-EHR networks, regional HIEs, and national data networks to create seamless digital experiences that allow consumers to securely share their data with companies that can put it to good use.

The recent funding round positions the company to build on its significant momentum in industries including insurance, pharma and digital health, and to advance its mission to make true consumer-controlled health data liquidity a reality across a spectrum of markets.

The capital will be used to scale new products and services that enable new product design, granular risk stratification, optimise clinical trial recruitment, support population health management, automate patient monitoring, and digitise chronic disease management.

To drive forward this period of growth, Human API has brought on Richard Dufty as Chief Commercial Officer. Having spearheaded AppDirect’s growth from early stage startup to Unicorn status in just 4 years, and having led Symantec’s $1B US Consumer and Cloud business, Dufty brings extensive experience launching and growing software ecosystems.

The product is designed to give consumers full control of all their health data, as the platform connects, manages, and shares data from electronic health records, pharmacies, labs, wearables, and fitness apps.

Paolo DeMartin, CEO of SCOR Global Life commented: “Human API’s ‘one stop shop’ of health data helps enterprises realise new possibilities in lasting consumer engagement models. They’re truly moving the industry into a new era of innovation.”

Andrei Pop, Founder and CEO of Human API noted: “With this new capital we are evolving Human API into a digital transformation platform unifying more data from more sources. We’re speeding up growth in the insurance, clinical trials, and health plans markets, as well as new use cases like COVID-19 screening.”

“On our platform, you can easily and instantly give a digital health provider the consent and data they need to deliver you personalised care. Or, through a couple of easy steps, you could immediately enlist as part of a pharma company’s new clinical trial.

“Or, even, if you’re in need of life insurance, but COVID-19 prevents an in-person assessment, you can instantly send what’s required via our platform, completing the underwriting  process in 24 hours.”

Sean Duffy, Co-Founder & CEO at Omada Health added: “By facilitating these transactions. Human API is bringing into being a new consumer health ecosystem driven by consumer-centric health apps and services.”

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