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# Brazil's Alice raises $40m led by IFC for AI-run health plan
- URL: https://thecoverwire.com/alice-40m-series-d-ifc-ai-health-plan/
- Published: 2026-10-21T12:04:09.000Z
- Updated: 2026-11-02T11:47:18.000Z
- Description: The Brazilian corporate health plan operator says AI has cut its operational care costs by 18%.
- Author: CoverWire
- Tags: Funding, #desk-markets, #brief

Alice, a Brazilian corporate health plan operator, has raised a $40m Series D led by the International Finance Corporation, the World Bank Group's private sector arm, the company announced on 19 October.

Alice reports that AI has reduced operational care costs by 18%, waiting times by 12.5% and broker pricing time by up to 90%, according to Beinsure.

Germany's DEG and Finland's Finnfund joined existing investors Kaszek, ThornTree Capital and Canary.

Alice said annualised recurring revenue passed R$1.2bn for the first time this month, up about 70% on 2025, and that it serves more than 100,000 members. It is targeting R$2bn of revenue in 2027.

Related coverage: [AI insurance broker i23 raises £4.9m seed round from UK investors](https://thecoverwire.com/i23-ai-insurance-broker-seed-bim-afolami/) and [CoverGo raises $6m in Series B1 led by Betatron for AI-native core platform](https://thecoverwire.com/covergo-6m-series-b1-betatron/).

## Sources

- [Valor Pipeline, 19 October 2026 (Portuguese)](https://pipelinevalor.globo.com/startups/noticia/alice-levanta-us-40-milhoes-em-serie-d-com-braco-do-banco-mundial.ghtml?ref=thecoverwire.com)
- [Beinsure, 20 October 2026](https://beinsure.com/news/brazils-alice-raises-40mn-to-expand-ai-powered-health-insurance/?ref=thecoverwire.com)
- [BNamericas, 19 October 2026](https://www.bnamericas.com/en/features/the-new-bets-of-idb-and-ifc-on-latin-american-startups?ref=thecoverwire.com)
- [Reuters, 21 December 2021](https://www.reuters.com/markets/us/softbank-leads-127-million-funding-round-brazilian-healthcare-startup-alice-2021-12-21/?ref=thecoverwire.com)
- [Dealroom, 19 October 2026](https://dealroom.co/news/163975-brazils-alice-raises-40m-series-d-to-rebuild-its-health-plan-around-ai/?ref=thecoverwire.com)