Healthcare affordability remains a big issue in the United States, with around 30 million individuals lacking complete coverage and exorbitant medical expenditures forcing many into debt. Spot is addressing this problem by offering a digital, on-demand injury insurance product that may be used alone or in conjunction with standard health insurance. In a round of seed fundraising headed by GreatPoint Ventures, the firm raised $15 million in equity and $2.5 million in debt, with participation from Montage Ventures, Mutual of Omaha, MS&AD, and Silverton Partners.

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