US-based healthtech firm Bind used this pitch deck to bag $70m in series A money

ABOUT

Bind offers personalized health insurance plans that allow people to examine various treatment options and compare their costs, helping the consumer make an informed decision.

The US-based company operates a unified platform that brings together all the stakeholders in the health insurance business, including individuals, families, brokers, consultants, and employers.

Bind offers two types of health insurance solutions to organizations with over 50 employees: self-funded and fully insured plans. Insurance carriers cover any claims on behalf of employers in exchange for pre-determined premiums under fully insured plans. On the other hand, a self-funded plan allows employers to fund their own insurance plan and assume the financial risk for potential medical claims.

Bind used this pitch deck in its series A funding round.

Fundraising journey

• 2017: US$12 million in seed funding from undisclosed investors
• 2018: US$70 million in series A funding from Ascension Ventures, UnitedHealthcare, and Lemhi Ventures
• 2020: US$105 million in series B from Ascension Ventures and UnitedHealthcare

How is the deck compelling?

• The pitch deck uses a parable from daily life to introduce the company’s insurance services.
• It elaborates on how Bind works and the benefits of using its service with charts and its financials to support the business model.
• The deck shows the application’s traction in terms of registrations and engagements, among other facets, before concluding the presentation.

SOURCE

Deck: PitchDeckHunt