Digital gastrointestinal well being firm Vivante Health introduced it closed a $31 million Collection B funding spherical led by new investor Mercato Companions, bringing its whole increase to $47 million.
Well being Catalyst, Intermountain Ventures, SemperVirens, 7wireVentures, Human Capital and Distributed Ventures participated within the spherical.
WHAT IT DOES
Vivante affords a platform dubbed GIThrive that gives customized care plans. Sufferers can observe their signs and entry academic content material and self-guided behavioral well being modules. A coordinated crew of suppliers can also be accessible by way of the platform, together with dietitians, coaches and well being physicians.
The Illinois-based firm will use the funding to improve its know-how and broaden its workforce.
“We’re thrilled to have the help of industry-leading capital companions as we execute on our imaginative and prescient at Vivante,” Invoice Snyder, Vivante Well being CEO, mentioned in an announcement. “One in 4 People suffers from a digestive dysfunction or undiagnosed digestive signs that have an effect on their high quality of life in addition to their healthcare prices. Now we have confirmed that our scalable know-how platform paired with our complete care crew ends in higher well being, decrease prices and a a lot better expertise for the members we serve.”
MARKET SNAPSHOT
Vivante raised $16 million in Series A funding final 12 months, $5.8 million in Series A1 investment in 2020 and $6 million in 2018.
In 2022, Solera Health, a digital platform that provides a market for advantages and persistent illness administration applications, announced it was adding Vivante and fellow digital gastrointestinal well being firm Oshi Health to its market of advantages and persistent care administration instruments.
Different firms within the digital gastrointestinal area embody Salvo Health, which affords a digital clinic geared towards folks with persistent intestine issues reminiscent of irritable bowel syndrome, and Bold Health, a London-based firm growing digital therapeutics for gastrointestinal situations.
