When was RelianceHMO founded?

RelianceHMO was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is RelianceHMO located?

RelianceHMO is headquartered in Lagos, Nigeria.

How many employees does RelianceHMO have?

As of Sep 30, 2026, the latest employee count at RelianceHMO is 582.

Is RelianceHMO a funded company?

RelianceHMO is a funded company, having raised a total of $48M across 4 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Nov 06, 2015.

When was the latest funding round of RelianceHMO?

RelianceHMO's latest funding was a $***** Series B round on Feb 07, 2022, with participation from 9 investors.

Where does RelianceHMO rank among its competitors?

RelianceHMO ranks 12th amongst 186 active competitors, of which 37 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Angle, which secured $600M in Sep, 2026.

Who are the top competitors of RelianceHMO?

RelianceHMO's top competitors include Oscar, Alan and Navi. Among them, Angle secured the most recent funding round in September, 2026.

RelianceHMO - 2026 Company Profile, Team, Funding & Competitors

RelianceHMO is a series B company based in Lagos (Nigeria), founded in 2015 by Femi Kuti and Opeyemi Olumekun. It operates as a Cloud-based health insurance platform for individuals and businesses. RelianceHMO has raised $48M in funding from investors like Y Combinator, General Atlantic and Partech Partners. The company has 186 active competitors, including 37 funded and 14 that have exited. Its top competitors include companies like Oscar, Alan and Navi.

Company Details

Cloud-based health insurance platform for individuals and businesses. It offers solutions for telemedicine, doctor consultation, health benefits, pregnant women protection, and more. It uses artificial intelligence and data science for personalized health care.

Website: reliancehmo.com
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Email ID: *****@reliancehmo.com
Phone Number: +234 **********
Part Of

Key Metrics

Founded Year

2015

Location

Lagos, Nigeria

Stage

Series B

Total Funding

$48M in 4 rounds

Latest Funding Round

Series B, Feb 07, 2022, $*****

Investors

Y Combinator & 16 more

Ranked

12^th among 186 active competitors

Employee Count

582 as on Sep 30, 2026

Similar Companies

Oscar & 175 more

View RelianceHMO's full profile

RelianceHMO has raised a total funding of $48M over 4 rounds. Its first funding round was on Nov 06, 2015. Its latest funding round was a Series B round on Feb 07, 2022 for $*****. 9 investors participated in its latest round. RelianceHMO has 17 institutional investors.

Here is the list of recent funding rounds of RelianceHMO:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 07, 2022	3057389	Series B	4421091	5997836	8335322	6204161
Jan 2020	3994700	Series A	1074240	8077422	7898858	Y Combinator & 4 more
Mar 20, 2017	5491567	Seed	6432981	2659034	Y Combinator	9450348

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View details of RelianceHMO's funding rounds and investors

The founders of RelianceHMO are Femi Kuti and Opeyemi Olumekun.

Here are the details of RelianceHMO's key team members:

Femi Kuti: Co-Founder & Director of RelianceHMO and founder of 1 other company.
Opeyemi Olumekun: Co-Founder & Director of RelianceHMO and founder of 1 other company.

View details of RelianceHMO's Founder profiles and Board Members

RelianceHMO's employee count trend

RelianceHMO has 582 employees as of Sep 26. Here is RelianceHMO's employee count trend over the years:

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Top competitors of RelianceHMO include Oscar, Alan and Navi. Here is the list of Top 10 competitors of RelianceHMO, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oscar 2012, New York City (United States), Public	Provider of health insurance plans offering virtual and in-person medical care	$1.63B	Founders Fund, Fidelity Investments & 47 others	81/100
2nd	Alan 2016, Paris (France), Series G	Platform offering health insurance, preventative care, and related well-being services	$863M	Index Ventures, Dragoneer Investment Group ... & 30 others	81/100
3rd	Navi 2018, Bengaluru (India), Series C	Provider of financial products including UPI, loans, insurance, and mutual funds	$545M	Gaja Capital, NDX Financial Services & 40 others	73/100
4th	Angle 2019, San Francisco (United States), Series C	Provider of technology-enabled health insurance plans for employers and employees	$796M	Portage, Vitruvian Partners & 20 others	72/100
5th	Even 2020, Bengaluru (India), Series A	Provider of health insurance plans with outpatient and hospitalization coverage	$72.7M	Khosla Ventures, Blu Acquario Prima & 54 others	71/100
6th	GSC 1957, Toronto (Canada), Unfunded	Provider of multiple healthcare services for individuals and organizations	-	-	70/100
7th	Clover Health 2014, Jersey City (United States), Series E	Provider of medicare advantage plans and related services	$938M	Greenoaks, First Round Capital & 38 others	69/100
8th	Sidecar Health 2018, El Segundo (United States), Series D	Online health insurance platform for individuals and businesses	$328M	Morpheus Ventures, Koch Disruptive Technologies ... & 18 others	69/100
9th	Devoted Health 2017, Eagan (United States), Series F	Provider of healthcare insurance plans for individuals	$2.62B	Maverick Ventures, F-Prime Capital & 44 others	68/100
10th	ManipalCigna 2012, Mumbai (India), Acquired	Provider of individual and family health insurance coverage plans	-	-	65/100
12th	RelianceHMO 2015, Lagos (Nigeria), Series B	Cloud-based health insurance platform for individuals and businesses	$48M	General Atlantic, Wormhole Capital & 15 others	62/100