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Nue Life Health Pulls In $23M

MIAMI, FL, Nue Life Health, a breakthrough mental wellness company, today announced the completion of its Series A equity financing.
The round was led by Obvious Ventures, as well as additional venture debt financing from Western Technology Investment, for a total funding of $23M. Founded in 2021, Nue Life offers an integrated therapeutic ecosystem of ketamine therapy, an interactive companion app, and virtual aftercare programs that have proven to effectively treat the root causes of mental health issues, even among treatment-resistant patients.

The equity financing also included a number of existing and new mission-aligned investors including MAGIC Fund, Myelin VC, Palm Drive Capital, certain Getty family investors, Jon Oringer, founder and executive chairman of Shutterstock, Brent L. Saunders, chairman of Vesper Healthcare and former chairman and president of Allergan, and Andrey Ostrovsky, MD, who also joins Nue Life's advisory board. Dr. Ostrovsky brings a wealth of experience in medical innovation and clinical expertise as the former chief medical officer of the U.S. Medicaid program and the managing partner at Social Innovation Ventures, which is dedicated to eliminating healthcare disparities.

Nue Life Health is a comprehensive telehealth platform that strengthens and improves mental wellness by enhancing brain function, performance, and longevity through innovative, evidence-based therapies. Launched in 2021, the company currently offers at-home ketamine therapy, virtual integration groups, and individual health coaching, easily accessible via telemedicine in California, Colorado, Florida, Washington, New York, and Texas. Nue Life will offer services in Georgia and Massachusetts in April and an additional 20 states by the end of 2022.
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