Company · Insurtech

Elma

elma.care ↗ ·Barcelona ·Series A

Barcelona-based digital-first health insurance startup (insurtech/healthtech) founded in 2017, offering a mobile app combining health insurance, telemedicine, doctor search, and appointment booking for the Spanish market. Raised a €3M (~$3.2M) Series A led by Mangrove Capital Partners in 2019. The company's insurance brokerage entity filed for voluntary bankruptcy in September 2023.

Founded
2017
Founders
4
News
0
Rounds
1
Investors
4
SectorsInsurtech, Healthtech, Telemedicine Start-up MapInsurtech › Health & wellbeing cover

Profile updated 29 Jul 2026

Founders

Albert Malagarriga
CPO & Co-founder
Gerard Olivé
Co-founder
Miguel Vicente
Co-founder
Miguel Ángel Antón
CEO & Co-founder

Global models 5

Oscar Health
United States · www.hioscar.com ↗
Tech-driven, app-based health insurer combining coverage with digital-first care access, the closest large-scale comparable to Elma's model.
$1.6BComparable
Clover Health
United States · www.cloverhealth.com ↗
VC-backed tech-enabled health insurance platform using data and software to manage member care, similar to Elma's digital-first insurance approach.
$925MComparable
Alan
France · alan.com ↗
European digital-first health insurer with an app for care access, prevention and telemedicine, the closest European comparable to Elma.
$450MComparable
Bright Health
United States · brighthealthcare.com ↗
Tech-enabled health insurance company integrating care delivery and insurance, matching Elma's insurance-plus-care model.
$1.8BComparable
Devoted Health
United States · www.devoted.com ↗
Digital-first health insurer built around a member app and integrated care coordination, structurally similar to Elma's app-centric insurance model.
$1.8BComparable

Investors 4

Antai Venture Builder
Investor Spain
Arroba Capital
Investor Spain
Joyance Partners
Investor United States
Mangrove Capital Partners
Investor Luxembourg

Funding rounds 1

Series A · €3.1M
Elma, a digital-native health insurer, added €3.1M to the €3M Series A it raised in September 2019, bringing the Series A to €6.1M. The mone…
2020-08-05

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