Total amount raised
$216.5 Millions
Latest funding date
Location
Vida Health has successfully raised significant funding over multiple rounds, establishing itself as a key player in the health management sector. The platform offers comprehensive solutions for obesity care, behavioral health, and personalized coaching.
Keep reading to explore the intricacies of Vida Health's fundraising journey and the investors backing this innovative platform.
What Is Vida Health?
The requested information about Vida Health's background, including the founding year, location, founders' names, and number of employees, was not found in the provided sources. The Crunchbase URL led to a security verification page, and the company website did not include these specific details.
Vida Health offers health solutions focusing on medical weight loss, obesity care, and related conditions. They provide services for both enterprises and individuals, integrating behavioral health and personalized coaching to drive sustainable health outcomes.
Vida Health's comprehensive medical weight loss program includes nutritional guidance, anti-obesity medication, and lifestyle coaching. They aim to deliver better health outcomes and lower costs through personalized treatment plans and behavioral health support.
How Much Funding Has Vida Health Raised?
- Series A
- Amount Raised: $5M
- Date: October 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and develop initial product offerings.
- Series B
- Amount Raised: $18M
- Date: December 2016
- Lead Investors: Canvas
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and scale operations.
- Series C
- Amount Raised: $30M
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and broaden market reach.
- Venture Round
- Amount Raised: $25M
- Date: April 2020
- Lead Investors: Ally Bridge Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and innovation in response to increasing demand.
- Series D
- Amount Raised: $110M
- Date: May 2021
- Lead Investors: AXA Venture Partners, Centene, General Atlantic
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate expansion and enhance service offerings.
- Venture Round
- Amount Raised: $28.5M
- Date: November 2023
- Lead Investors: General Atlantic, Ally Bridge, Canvas, Hercules Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the company and pursue growth opportunities, particularly in the GLP-1 market.
Total Amount Raised: $216.5M. Current Valuation: Not publicly disclosed.
Key Investors
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. They have a strong track record of investing in high-growth sectors.
- Investment Focus Areas: Technology, healthcare, financial services, consumer.
- Notable Investments: Airbnb, Alibaba, Uber.
- Ally Bridge Group
- Details: Ally Bridge Group is a global healthcare-focused investment firm. They specialize in life sciences and medical technology investments.
- Investment Focus Areas: Life sciences, healthcare, biopharmaceuticals.
- Notable Investments: Ambrx, Pulmonx.
- Canvas Ventures
- Details: Canvas Ventures is a venture capital firm that invests in early-stage technology companies. They focus on sectors with high growth potential.
- Investment Focus Areas: Fintech, digital health, enterprise software.
- Notable Investments: Zola, Roofstock, Transfix.
- Hercules Capital
- Details: Hercules Capital is a leading specialty finance company. They provide venture debt and equity to technology and life sciences companies.
- Investment Focus Areas: Technology, life sciences, sustainable and renewable technology.
- Notable Investments: Facebook, YouTube, DocuSign.
- AXA Venture Partners
- Details: AXA Venture Partners is a venture capital firm that invests in high-growth, technology-enabled companies. They are part of the AXA Group.
- Investment Focus Areas: Technology, fintech, digital health.
- Notable Investments: Not publicly disclosed.
What's Next for Vida Health?
Vida Health is poised to capitalize on the burgeoning GLP-1 market, leveraging their recent $28.5 million funding to scale operations and enhance their AI-powered mobile app. This expansion aims to increase user engagement and improve health outcomes, positioning Vida Health as a leader in virtual cardiometabolic care.
With the backing of major investors like General Atlantic and Ally Bridge, future fundraising opportunities seem promising. However, the company must navigate challenges such as intense competition in the virtual healthcare space and regulatory hurdles. The strategic appointment of Joe Murad as CEO is expected to drive innovation and growth, ensuring Vida Health remains at the forefront of the industry.
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