Digital gastrointestinal care startup Salvo Well being introduced it has closed a $5 million Seed Prime spherical led by Metropolis Gentle Capital and Human Ventures.
The corporate’s current buyers additionally participated within the spherical, together with Torch Capital, Threshold Ventures and Felicis Ventures. Angel buyers Anmol Madan, founding father of Ginger Well being and Teladoc’s former chief information scientist additionally contributed.Â
Emily Melton of Threshold, Rachel Parlier of Metropolis Gentle, and Salvo’s founder and CEO Jeffrey Glueck will be a part of Salvo’s board of administrators.
WHAT IT DOES
The New York-based firm gives a digital clinic geared towards individuals with persistent gastrointestinal and metabolic liver points, together with celiac illness, fatty liver illness, irritable bowel syndrome (IBS), gastroesophageal reflux illness (GERD), small intestinal bacterial overgrowth (SIBO) and dyspepsia.
The corporate says it gives “wraparound care” in a hybrid strategy, permitting sufferers to proceed beneath their native doctor and entry Salvo’s app-based help.Â
By way of Salvo, customers are matched with a care crew made up of registered dietitians, behavioral well being specialists and licensed nurses, and might obtain insurance-covered interdisciplinary care.Â
The corporate will use the funds to scale its wraparound GI companies to suppliers, together with accountable care organizations, gastroenterology non-public practices and well being methods.Â
“I’m delighted to steer this funding in Salvo Well being and their revolutionary wraparound take care of GI and metabolic persistent situations,” Parlier of Metropolis Gentle Capital stated in an announcement. “As an early-stage influence investor, we search for corporations with the potential to not simply rework industries, but in addition to enhance lives. Salvo is enabling GI practices and well being methods to fill within the gaps for underserved affected person populations, particularly for high-touch follow-on care between appointments and post-procedures.”Â
MARKET SNAPSHOT
Salvo launched in 2022 with $10.5 million in funding to scale its digital clinic for persistent GI situations.Â
Different corporations within the digital digestive care house embody Vivante Well being, which secured $31 million in funding in September, and Oshi Well being, which garnered $30 million in Sequence B funding in April.
“Streamlining AI-Enabled Digital Well being Applied sciences From Analysis to Implementation” is scheduled for Tuesday, March 12, 1:30-2:30 p.m. ET, in W304A at HIMSS24 in Orlando. Be taught extra and register.
