Elma secured a new round of € 3.1 million from Mangrove Capital Partners

Elma, a Barcelona, Spain-based company insurance provider for the health care industry, announced the completion of a € 3.1 million ($3.7M) capital investment round.

The funding was provided by investors from Spain, including Mangrove Capital. Proceeds will be used to promote product development, business growth and the expansion of the human team to put them at the service of the user.

Elma, founded in 2017 by Miguel Ángel Antón (CEO), Albert Malagarriga (CPO), and Miguel Vicente and Gerard Olivé, developed a digital health insurance business designed to place the user at the center of the health system. It offers services above coverage, promoting prevention and personalized care for its members.

Prior to this round, in 2019, Elma raised €3 million ($3.2M) in Series A funding.