Venture Capital News: Vida Health Completes $18M Series B Round
2016-12-08
SAN FRANCISCO, CA, Vida Health, a digital health platform that provides expert coaches for chronic conditions and wellness, raised $18 million in Series B funding.
Vida Health, which provides a mobile platform to help consumers improve their health and manage chronic conditions, announced it has raised $18 million in a Series B round of funding led by Canvas Ventures.
Other investors include Nokia Growth Partners and returning investor Aspect Ventures. The company has now raised $28 million in total funding. As part of the latest financing, Canvas Partner Rebecca Lynn has joined the board.
According to VentureBeat, Vida Health targets those with conditions such as diabetes, depression, anxiety, and high blood pressure, and pairs them with their own mentor -- this could be a personal trainer, nutritionist, nurse, therapist, or other support person. It's also open to general 'wellness coaching' for those seeking to live healthier lives, and Vida says its platform has serviced more than 30,000 individuals since its inception two years ago.
Replete with native mobile apps, the Vida platform can also integrate with many popular health and fitness trackers, including Fitbit, MyFitnessPal, and Apple Health, giving coaches direct access to their users' vital stats. This lets them formulate tailored plans and also allows them to adjust the program based on data and to make recommendations in real time over text, voice, or video chat.
The company had previously raised a $5 million Series A round in 2014, and this latest cash influx will allow it to grow its platform 'to serve more consumers who are managing chronic conditions or simply want to improve their health,' according to a statement.
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