[Funding alert] London-based Juniper Secures €1.7 Million in Pre-Seed Funding

Tuesday 20, 2024 | By Startup Rise EU

London-based Juniper secures €1.7 million in pre-seed funding. Insurtech Gateway was the lead investor in this project.

London-based Juniper secures €1.7 million in pre-seed funding. Insurtech Gateway was the lead investor in this project.

Read also - Edinburgh-based PhaSER Biomedical Secures $2.3Million in Funding

Along with other angel investors Tara Reeves, Matt Cooper, Charles Delingpole, Vera Baker, and Exceptional Ventures, 2100 Ventures also backed the round. The funding will assist Juniper's pilot programme leading up to its official debut, grow the company, and triple the staff size.

Ambra Zhang, Co-Founder and CEO of Juniper, said: “I was diagnosed with polycystic ovarian syndrome (PCOS) early on, and my corporate health insurance didn’t cover it, as PCOS was classified as a chronic reproductive condition. So, every year, I would pay £1,000 out of pocket to see my gynaecologist get my prescription. Juniper bridges this gap by providing end-to-end reproductive health support for employees and offers tailored, high-quality insurance products for employers and brokers. Our digital platform aims to revolutionise the insurance industry by meeting the unmet needs of the new generation.”

All employees receive comprehensive reproductive health coverage from Juniper, which includes testing, regular checkups, education, community support, medical reimbursement, and care navigation.

Read also - Berlin-based Monite Secures $6Million in Seed Funding

Medium-sized to big corporate firms who want to promote employee well-being, take advantage of hassle-free administrative tasks, and explore new ESG initiatives can get Juniper.

Juniper provides coverage for a wide range of illnesses and exams, including endometriosis, erectile problems, contraception, and cancer of the reproductive organs. Moreover, Juniper is the only insurance company that covers menopause, egg freezing, and gender dysphoria.

Read also - Bilbao-based WIVI Vision Secures €4 Million in Funding

Ruth Polyblank, Insurance Strategist and Advisor to Juniper, commented: “Juniper is embarking on a mission to empower individuals in their reproductive health and choices. With a focus on inclusivity and truly comprehensive coverage, it is redefining the landscape of reproductive healthcare and closing the gaps and exclusions that exist in traditional health insurance policies. Juniper’s launch is a progressive step towards a future where everyone can access the insurance they need to navigate their unique reproductive health journey with confidence and dignity.”

Robert Lumley, Co-Founder at Insurtech Gateway, added: “When Juniper asked us to imagine dental insurance, but for your genitals, it opened our eyes to a substantial market largely ignored by traditional insurance. Juniper is removing the stigma surrounding reproductive health issues and enabling employers to offer comprehensive care for all employees. We are delighted to join them on this journey.”

Ambra Zhang, CEO, and Sam Pratt, CPTO, co-founded Juniper. Ambra, drawing from her experience in investment banking and private equity at Goldman Sachs, founded Juniper after firsthand encounters with the constraints of corporate health insurance. Sam is an experienced engineer, previously Senior Engineering Manager at Brit Insurance, the second largest commercial insurer at Lloyd’s of London. Before this, he was the Head of Engineering at Gaia, the first direct-to-consumer IVF insurance startup. They are joined by Max Bacon, Head of Operations, who previously was Regional Lead for DrDoctor.

Along with the core group, Juniper's advisors include Benjamin Viaris de Lesegno, a physician, entrepreneur, and co-founder of Leva Clinic and Cellen; Marco Ramadoro, founder of Satec MGA; Guillaume d'Audiffret, co-founder of Seyna; Ruth Polyblank, vice president, insurance, strategic growth for Mastercard.

Read also -  London-based Unfabled Secures $1.6Million in Seed Funding

About Juniper

Juniper is a novel and radically accessible way to provide reproductive health insurance to your entire staff. inexpensive, easy to use, and suitable for all body types. All of them possess reproductive organs. Regardless of your location, age, gender, or the people you love. And it can significantly affect how they feel on a daily basis.

Read also - Paris-based Planity Secures $50 Million in Series C Round Funding

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