HOUSTON, Jan. 20, 2020 /PRNewswire/ -- Vivante
Health, the leader in digital medicine for gut health and disease,
announced completion of its Series A1 investments this week after
closing with healthcare investor Lifeforce Capital and tech-focused
European investment firm, Big Pi Ventures, based in Athens. NFP Ventures, FCA Venture Partners,
and Longmont Capital also participated in the round.
Vivante will leverage the $5.8
million Series A1 funds to accelerate its bold efforts to
provide relief to thousands of Americans who struggle with chronic
GI symptoms, using a first-of-its kind digital health solution
called GIThrive.
GIThrive is a comprehensive digital health program for digestive
health and disease. Features include an at-home microbiome test kit
to highlight bacterial imbalance in the gut, a personal digestion
monitor to identify food sensitivities with a simple breath test,
therapeutic nutrition, and 24/7 on-demand support from a team of
gut health experts via the GIThrive app.
"We knew we were onto something when the market responded so
positively," said Dr. Kimon
Angelides, Vivante Health founder and CEO, "but support from
esteemed, experienced and successful firms like Lifeforce and Big
Pi, and the continued strong support from our initial investor
partners, give us a very encouraging boost of confidence as we
carry out our vision and further develop the GIThrive
platform."
Lifeforce Capital focuses exclusively on software-driven
innovation in healthcare. Its portfolio includes Aspire, Cricket
Health, Notable Labs, One Medical, and Second Genome, among others.
"We were immediately struck by Kim's entrepreneurial passion and
big vision," said Sander Duncan,
General Partner with Lifeforce Capital. "We are thrilled to work
with the Vivante team to build the first platform tackling
digestive disease for millions of suffering patients."
Big Pi Ventures is based in Athens,
Greece, where the majority of Vivante's tech team is
headquartered. An American of Greek descent who spends much of his
time in Athens, Dr. Angelides
recognized an opportunity to not only help develop the young,
highly educated workforce in Greece when building his latest company, but
also to invest in a community that's dear to his heart. "This
partnership with Big Pi, a tech-based investment firm who's driven
by the desire to support Greek talent, makes perfect sense. What's
more, we have partnered with a team who themselves have been very
successful entrepreneurs," said Angelides.
"We are very excited to be joining the Vivante team and truly
inspired by their vision to transform the management of chronic
conditions," said Marco Veremis,
investment partner with Big Pi. "Kimon's amazing track record as
one of the most effective serial disruptors of the healthcare
market is complemented by a brilliant team across the US and
Greece. This is one of those rare
investments where the financial upside goes hand in hand with the
prospect of radically improving the lives of millions of people
across the globe."
Kimon Angelides is the founder of
three other healthcare companies, including digital diabetes
company EosHealth (which became Livongo). With offices in
Houston, Nashville, Chicago, and Athens, Vivante Health's global team of
experts came together to build the GIThrive
platform.
About Vivante Health
Vivante Health is an innovative digital healthcare company
reinventing the way chronic conditions are managed, gut first. Our
all-in-one digestive health program, GIThrive, empowers
people—through brilliant technology, advanced science, and
on-demand human support—to improve digestive health, while lowering
their cost of care. To learn how employers and health plans are
saving money with GIThrive, visit vivantehealth.com or email
info@vivantehealth.com.
About Lifeforce Capital
Lifeforce Capital is a venture capital firm investing in
healthcare's most impactful software-driven companies. We partner
with teams materially improving care delivery at scale or enabling
dramatically more efficient therapeutic development through
computational biology. We build close relationships with
exceptional founding teams and provide sustained support as
companies scale, bringing to bear our deep healthcare investment,
policy, clinical and operational experience. For more information,
visit lifeforcecap.com or email info@lifeforcecap.com.
About Big Pi
We are a diverse team with a proven track record in identifying
and fostering market-ready technologies, which can support founders
all the way from product design to scaling up for the global
market. For more information, visit https://bigpi.vc/.
Media Contact:
Tonya
Rodriguez
1.888.200.5492
232696@email4pr.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/vivante-health-closes-5-8-million-series-a1-investments-300989582.html
SOURCE Vivante Health