# Medicus Insurance Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/medicus-insurance-company

- Industry: Insurance
- Headquarters: Austin, US
- Website: www.medicusins.com
- Total disclosed funding: $30M
- Latest round: Series C (Aug 25, 2009)
- Investors on record: 2

## About

Medicus Insurance Company provides a variety of insurance solutions, including health, life, and property insurance, specifically designed for individuals, families, and businesses across North America and Europe.Medicus Insurance Company offers specialized insurance products aimed at protecting clients against various risks. The company is headquartered in Austin, US, and was acquired by NORCAL Mutual Insurance Company in July 2011. Medicus has secured a total of USD 5.00 mn in funding through its latest round, the Series C, which closed on July 29, 2011, with investments from CHL Medical Partners and The Cypress Group.Medicus Insurance specializes in offering a range of insurance products tailored to meet the diverse needs of its clientele. The company's core offerings include health insurance, life insurance, and property insurance, designed to provide comprehensive protection against various risks. Their services are structured to cater to individuals, families, and businesses, targeting markets in North America and Europe, ensuring accessibility to a wide range of consumers.Medicus Insurance generates revenue primarily through premium collections from its insurance products. The company operates on a model where clients pay regular premiums in exchange for coverage, with the structure allowing for both individual and group policies. Transactions typically occur on a subscription basis, fostering long-term relationships with clients and enhancing consistent revenue growth.Medicus Insurance Company plans to leverage its recent funding to enhance its product offerings and pursue expansion into new markets. They aim to introduce new health insurance products by the end of 2012 and expand their reach into additional European markets. The acquisition by NORCAL Mutual Insurance Company in July 2011 provides a strategic advantage in executing these growth initiatives.

## Funding rounds

- Series C, Aug 25, 2009, $5M — CHL Medical Partners, The Cypress Group
- Series B, Mar 11, 2008, $10M — CHL Medical Partners, The Cypress Group
- Series A, Oct 2, 2006, $15M — CHL Medical Partners, The Cypress Group

## Investors

- CHL Medical Partners (https://capitalatlas.ai/funds/chl-medical-partners) — Series A, Series B, Series C
- The Cypress Group (https://capitalatlas.ai/funds/the-cypress-group) — Series A, Series B, Series C