- Virtual care platform Vida Health announced it raised $25 million
Vida Health, a virtual care platform company known for connecting people with health ailments chronic and co-occurring physical and behavioral health conditions to professional therapists and health experts, announced that it raised $25 million in order to address the increased demand for remote care, especially during the COVID-19 pandemic.
This round of funding was led by global life science investment firm Ally Bridge Group (ABG) with participation from AME Cloud Ventures, NGP Capital, Aspect Ventures, Canvas Ventures, Webb Investment Network, and Workday Ventures, according to VentureBeat.
Due to the pandemic, Vida Health saw a jump in over 500,000 new end users and now it has over 1.4 million.
The company launched in San Francisco back in 2014 and it helps people with conditions like diabetes, depression, and anxiety and links them to a health professional that could help whether it is a personal trainer, a nurse, a nutritionist, or a therapist. To connect people with its personalization platform, Vida Health taps into machine learning to create a treatment plan. And the company’s technology integrates with many other health and fitness devices and apps like Fitbits and Apple Watch devices.
Using messaging and chat functions, Vida Health facilitates conversations between users looking for help and the professionals providing their services. A large part of Vida’s target market, enterprises typically offer the service as part of a healthcare benefit. Plus Vida also offers device bundles such as heart-rate monitors, activity trackers, blood pressure cuffs, etc.
