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Reliance Health

YC W17

Lagos, NG · Founded 2016 · 384 employees · 24 known investors

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Reliance Health provides healthcare services combining medical expertise with technology for individuals and corporate customers in growing economies. The platform aims to make quality healthcare accessible, affordable, and integrated into daily life through a network of health providers.

Also known as Kangpe · Kangpe, RelianceHMO · RelianceHMO

Digital HealthHealthtechInsurTechHealth TechHealthcareHealth InsuranceNigeriaUnited States of AmericaAfricaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W17)

Reliance Health was founded in 2016 by Femi Kuti, Matthew Mayaki, and Opeyemi Olumekun.

FKFemi Kuti
Femi KutiCEO/Cofounder
MMMatthew Mayaki
Matthew MayakiCo-founder · Senior Vice President, Product and DesignMatthew Mayaki is a software engineer with over 5 years of industry experience who serves as VP Engineering at Reliance Health, overseeing the development and maintenance of the company's mobile and web platforms.
OOOpeyemi Olumekun
Opeyemi OlumekunCo-Founder/COO2017–2026Co-Founder & COO at Reliance HMO
JO
Joshua OduwuRecruiter
IK
Isaac KunleRecruiter
NM
Nick MullenSenior Vice President, Engineering
BD
Bérengère DumontSenior Vice President, People and Operations
AA
Adebayo AderohunmuRecruitment Associateformer
JB
Joshua BanyeVice President, People Operationsformer
LO
Leye OdumuyiwaEngineer Managerformer

Board

TD
Tidjane DemeBoard director
CB
Christian BraunfischBoard director

Investors · 24

General Atlanticlisted by General AtlanticNew York · $10M – $1B

How we know: funding news · techcrunch.com · Y Combinator's founder network · generalatlantic.com · Not right? Tell us

Laerdal Million Lives Fundlisted by Laerdal Million Lives FundSan Francisco · $1M – $5M

How we know: Laerdal Million Lives Fund's portfolio page · a partner's Signal profile · techcrunch.com · Not right? Tell us

LoftyInc Capitallisted by LoftyInc CapitalHouston

How we know: LoftyInc Capital's portfolio page · the VCSheet dataset · Y Combinator's founder network · open dataset · 5k.vc investor directory · Not right? Tell us

P1 Ventureslisted by P1 VenturesGrand Cayman · $100K – $1M

How we know: P1 Ventures's portfolio page · techcrunch.com · the VCSheet dataset · Not right? Tell us

Partech Ventureslisted by Partech VenturesParis · $200K – $50M

How we know: a partner's Signal profile · techcrunch.com · partechpartners.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

PICUS CAPITALlisted by PICUS CAPITALMunich · $100K – $5M

How we know: PICUS CAPITAL's portfolio page · techcrunch.com · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Red Sails Investmentlisted by Red Sails InvestmentHong Kong

How we know: Red Sails Investment's portfolio page · Y Combinator's founder network · Not right? Tell us

Ventures Platformlisted by Ventures PlatformAbuja · $50K – $1M

How we know: Ventures Platform's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Western Technology Investmentlisted by Western Technology InvestmentPortola Valley

How we know: Y Combinator's founder network · westerntech.com · Not right? Tell us

Wormhole Capitallisted by Wormhole Capital

How we know: Wormhole Capital's portfolio page · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

AAICreportedTokyo

How we know: techcrunch.com · Not right? Tell us

Agrolimen Venturesreported

How we know: Y Combinator's founder network · Not right? Tell us

Bankia Fintech Venturereported

How we know: Y Combinator's founder network · Not right? Tell us

BEENEXTreportedSingapore

How we know: Y Combinator's founder network · Not right? Tell us

Caesar VenturesreportedBerlin

How we know: Y Combinator's founder network · Not right? Tell us

Golden Palmreported$50K – $5M

How we know: Y Combinator's founder network · Not right? Tell us

Lightbridge Partnersreported

How we know: Y Combinator's founder network · Not right? Tell us

NeonreportedNew York

How we know: Y Combinator's founder network · Not right? Tell us

Tencent HoldingsreportedShenzhen

How we know: Y Combinator's founder network · Not right? Tell us

Venture Investment AssociatesreportedPeapack

How we know: Y Combinator's founder network · Not right? Tell us

Also in the syndicate · 2

M3, Inc.Tencent Exploration

Funding

SEC filings, press & company announcements

$48.3M disclosed across 2 of 3 rounds · 2020–2022

▶$8.3MraisedFeb 2022 · 33 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Opeyemi OlumekunDirector
  • Femi KutiExecutive Officer, Director
  • Tidjane DemeDirector
Offering amount
$8.3M
Amount sold
$8.3M
First sale
Mar 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$40MraisedFeb 2022 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Tidjane DemeDirector
  • Opeyemi OlumekunDirector
  • Christian BraunfischDirector
  • Femi KutiExecutive Officer, Director
Offering amount
$40M
Amount sold
$40M
First sale
Jan 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

The YC application· Winter 2017 batch

▶ Demo Day video — watch on YC ↗

Images

Reliance Health photo

Related companies · 7

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Rovi HealthRovi provides members with access to clinician guidance for navigating healthcare, finding quality doctors, managing benefits, and coordinating care. The platform connects patients with nurses and specialists to improve health outcomes and reduce costs.
IntellectIntellect provides mental health support solutions for workplaces and individuals, offering employee assistance programs combined with self-care platforms and coaching/therapy sessions. The company serves corporate employers and individuals seeking mental wellbeing support.
Vitable HealthVitable provides a health benefits platform offering affordable, accessible healthcare to employers and their employees, with a focus on serving everyday workers and low-income populations. The company delivers virtual-first benefits with no copays or deductibles, targeting the 85 million uninsured and underinsured Americans.
Cair HealthCair Health provides agentic automation software for revenue cycle management (RCM) in healthcare, helping billing teams process claims and documentation faster and more accurately.
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First CryFirstCry (Brainbees Solutions Limited) is a multi-channel retailer of products for mothers, babies, and kids, selling third-party, global, and its own home brands through an online platform, company-owned and franchisee stores, and general trade distribution. It operates primarily in India with a presence in the UAE and Saudi Arabia, and also helps D2C brands scale across its distribution network.

Companies working in the same space as Reliance Health.

Legal entities · 1

corporate structure
Reliance Health Inc.

In the news

Reliance Health raises $40M in Series B led by General Atlantic | HMO | Affordable Health Insurance Plans in Nigeria – Reliance HMOgetreliancehealth.com · Feb 2022Reliance Health raises $40M in Series B led by General Atlantic | Reliance Healthgetreliancehealth.com · Feb 2022Nigerian healthtech startup Reliance Health raises $40M led by General Atlantic – TechCrunchtechcrunch.com · Feb 2022Reliance Health raises $40M in Series B led by General Atlantic - Reliance Health Bloggetreliancehealth.com · Feb 2022

Frequently asked questions

What does Reliance Health do?
Reliance Health provides healthcare services combining medical expertise with technology for individuals and corporate customers in growing economies. The platform aims to make quality healthcare accessible, affordable, and integrated into daily life through a network of health providers.
Who founded Reliance Health?
Reliance Health was founded by Femi Kuti, Matthew Mayaki, Opeyemi Olumekun in 2016.
Who are Reliance Health's investors?
Reliance Health's investors include Asia Africa Investment & Consulting (AAIC), General Atlantic, Laerdal Million Lives Fund, LoftyInc Capital, P1 Ventures, Partech Ventures, PICUS CAPITAL, Red Sails Investment and 14 more.
How much funding has Reliance Health raised?
Reliance Health has disclosed $48.3M raised across 2 of its 3 known rounds.
Where is Reliance Health headquartered?
Reliance Health is headquartered in Lagos, NG.