The insurer has put $54m into a corporate venturing arm called SwissHealth Ventures to target digital health startups.
Switzerland-based insurer CSS Insurance has set up a corporate venturing unit called SwissHealth Ventures and equipped the operation with CHF50m ($54m).
The money was allocated from a surplus from CSS’s supplementary insurance business. SwissHealth Ventures has been set up as a separate subsidiary of CSS Holding, and the corporate partnered Redstone to leverage the latter’s venture capital-as-a-service offering.
Founded in 1899, CSS has issued health, accident and property insurance policies to nearly 1.8 million current customers and manages an insurance…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
