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Published: 27 April 1999 17:53 BST
US-based eHealthInsurance.com, is $12m richer today as a result of a cash-injection from venture capitalists. Investment firms Kleiner Perfkins Cautfield & Byers (KPCB) and Weiss, Peck & Greer have both put money into the online insurance broker.
The Web site allows US citizens to shop around for the best priced health insurance in their area. Internet brokers in other industry sectors, such as mortgage provision and travel agencies have proved successful and the investors expect eHealthInsurance.com - founded in 1997 - to follow suit.
In a prepared statement KPCB general partner, Joseph Lacob, said: "Health insurance is the biggest product segment in the nation's [US] biggest industry - healthcare."
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