Funding profile · Philippine health insurance

Hive Health

One announced round of $6.5 million, a licensed HMO bought for undisclosed terms, and a capital record that sits in Singapore rather than on EDGAR. The only Form D filed under this name belongs to a different company.

$6.5MPre-Series A announced July 2024, the only disclosed round
$6.62MTotal across 2 rounds per Tracxn, a third-party aggregator
$50,000Harvard Business School New Venture Competition prize, 2021
0Form D filings on EDGAR that belong to this company

Data as of September 22, 2026. Company-reported figures are labeled.

Rounds at a glance

When Round Amount Investors Source
Mar 2021 HBS New Venture Competition, student business track, Dubilier Prize $50,000 Harvard Business School Public record
Summer 2021 Y Combinator batch Not disclosed Y Combinator YC data
2021 First round, per aggregator Not disclosed Not disclosed Tracxn
Nov 2023 Acquisition of Health Plan Philippines, Inc. Terms not disclosed Not applicable Company release
Jul 2024 Pre-Series A $6.5M announced; no less than $6.5M per ACRA filings Gentree Fund and BEENEXT as key investors; Y Combinator, The Graduate Syndicate, Amasia, Oak Drive Ventures; angels David Wells, Lee Kheng Nam, Natasha Reyes, Edwin Mercado ACRA filings via DealStreetAsia

What the filings show

Hive Health, LLC · Form D · filed May 12, 2026 · not this company

Issuer
Hive Health, LLC, Naples, Florida
Formed
Florida limited liability company, 2022
First sale
May 7, 2026
Offered
$6,500,000 equity
Sold
$3,475,000 · $3,025,000 remaining
Investors
13 · average about $267,300
Exemption
Rule 506(b)
Related persons
Richard Paul Anderson, Jr. and Richard Doolin Kennedy, both voting members, Naples, Florida
Filing
SEC EDGAR, CIK 0002133179

Reading the filings

  1. The name collision is total, and it matters.An EDGAR search for Hive Health returns exactly one filer. It is a Florida limited liability company formed in 2022, based in Naples, run by two voting members with no connection to the Philippine business, reporting revenue of $5,000,001 to $25,000,000 and an industry of hospitals and physicians. The Philippine Hive Health was founded in 2021 by Camille Ang and Jiawen Tang and has no Florida entity on record. Any total that folds this Form D into the company’s funding history is wrong.
  2. The real capital record is in Singapore.DealStreetAsia sourced the 2024 round from filings with the Accounting and Corporate Regulatory Authority, and a 2026 review of the company notes a site footer reading Hive Health Pte Ltd. A Singapore holding company raising from Singapore and Philippine investors has no reason to file Form D, so EDGAR will keep showing nothing.
  3. Announced and aggregated differ by about $120,000.The company announced $6.5 million. Tracxn totals $6.62 million across two rounds, the second dated July 24, 2024. The residual is roughly $120,000, small enough to be an accelerator cheque booked as a first round rather than a priced financing. Neither figure has been amended since.
  4. The largest transaction is not in any round total.Hive Health bought Health Plan Philippines, Inc. in 2023. HPPI was incorporated in 1986, is a founding member of the national HMO association, and carries the Insurance Commission certificate the business runs on. Terms were never disclosed, and the purchase does not appear in the $6.5 million or the $6.62 million.
  5. Regulatory capital is a standing call on equity.A 2026 review of Insurance Commission rules reports the minimum paid-up capital for an HMO climbing in stages to roughly P100 million by the end of 2025, P200 million by 2028, P350 million by 2031 and P500 million by 2034. Owning a licensed HMO means funding that ladder, which is a reason a small HMO owner raises even when growth does not require it.
  6. No Series A is on record.The last disclosed round closed in July 2024. Aggregators still classify the company as seed stage as of September 2026, and no later raise has been announced or filed anywhere findable.

Commercial signals

Signal Detail Source type
Licence Held by subsidiary HPPI under Insurance Commission certificate HMO-2023-04-R; listed on the Commission roster dated November 30, 2025. Public record
Risk position Underwrites through HPPI since 2023. Before the acquisition it sold on a partner’s licence. Independent
Customers Five Story Group of Companies, HEPMIL, InvestEd Philippines, NextPay and StorageMart named in company materials. Thousands of lives covered as of August 2026. Company-stated
Mix Forty percent of customers had never given HMOs to their employees, per the CEO in August 2026. Independent
Headcount Over 50 in a November 2024 case study; 95 as of August 31, 2026 per Tracxn. Independent
Distribution SME and corporate only, quote-based pricing, no individual retail plan and no published rates. Independent

What to watch

  • A Series A, and whether it is filed in Singapore or through a US entity that would produce a first real Form D.
  • ACRA filings for the Singapore holding company, which is where the 2024 round became visible.
  • HPPI statutory returns to the Insurance Commission, the only place premium and claims figures would be checkable.
  • Whether the licence number published on the company site comes to match the Commission roster.
  • The 2028 paid-up capital threshold and what it implies for the size of the next raise.

The Hive Health story on Healthcare DiscoveryHealthcare Discovery

Related companies

  • Candid Health: Shared investor: First Round. Billing software built to get a medical claim right before it ever leaves the clinic, now sold to more than 200 provider organizations
  • CareMessage: Shared investor: First Round. A 501(c)(3) nonprofit that sends text messages on behalf of the clinics serving America’s poorest patients
  • Syrona Health: Shared investor: First Round. A UK employee benefit for reproductive and hormonal health, built by two Cambridge classmates whose first product was a home test for gynaecological cancer
  • NimbleRx: Shared investor: First Round. Nimble began as a licensed dispensing pharmacy with its own stores, shut them in early 2019, and rebuilt itself as the software layer sold to the independent pharmacies

Sources

  1. Public recordForm D, Hive Health, LLC, CIK 0002133179 (unrelated Florida issuer)SEC EDGAR · May 12, 2026
  2. Public recordHPPI licence notice, Insurance Commission HMO-2023-04-Rhppi.com.ph · accessed Sep 2026
  3. Public recordHBS New Venture Competition 2021 winners and prize amountsHarvard Gazette · Apr 2, 2021
  4. IndependentDigital health insurer Hive Health raises at least $6.5m in pre-Series A fundingThe Independent Investor · Jul 24, 2024
  5. IndependentHive Health raises $6.5 million to transform HMO access for more SMEsBusinessWorld · Aug 12, 2024
  6. IndependentHealth tech startup eyes becoming Operating System for stakeholdersABS-CBN News · Aug 19, 2026
  7. IndependentHive Health company profile, funding rounds and headcountTracxn · accessed Sep 2026
  8. IndependentHive Health HMO 2026 and Complete List of Licensed HMOs in the Philippines 2026ClinicFinderPH · 2026
  9. IndependentHive Health Uses Bubble to Modernize Filipino HealthcareBubble · Nov 19, 2024
  10. CompanyTransforming Healthcare Access for SMEs: Announcing our $6.5M raiseHive Health · Jul 29, 2024
  11. CompanyIntroduction to Hive Health at our Media Launch (2023)Hive Health · Nov 17, 2023

Compiled from SEC and other public records and published reports as of September 22, 2026. Form D notices report offerings under Regulation D; amounts reflect the filing date. Healthcare Venture Capital Fund holds no position in Hive Health. This page is not an offer to sell or a recommendation to buy any security.