Vida Health Raises $28.5M in Funding

Vida Health, a San Francisco, CA-based provider of virtual cardiometabolic care services, closed a $28.5m financing round.

The round was led by existing investors, including General Atlantic, Ally Bridge, Canvas Ventures, Hercules Capital, and other insiders.

The company intends to use the funds to further scale and pursue ongoing growth opportunities, particularly in the GLP-1 market.

Vida Health is a virtual cardiometabolic care company focused on treating diabetes and obesity with clinically validated programs that combine an AI-powered, personalized mobile app experience with a national network of providers who work in a care team model to maximize engagement, outcomes, and savings. The company’s app offers video sessions, asynchronous messaging, and digital content and programs to help people prevent and manage chronic conditions — like diabetes, obesity, and hypertension — and the mental conditions that accompany them — like stress, depression, and anxiety. .

The company also announced the appointment of Joe Murad as Chief Executive Officer, effective immediately. Murad succeeds Stephanie Tilenius, who will step down following nine years of service as Founder and Chief Executive Officer and will transition to an advisory capacity. Murad has also joined the company’s Board of Directors.

Murad brings more than two decades of experience leading healthcare technology companies, with a demonstrated ability to guide venture-backed businesses from early stages through phases of significant growth. He most recently served as President and CEO of WithMe Health, a digital health company offering pharmacy benefits management and personalizing medication experiences for employers, employees, and their families. He was previously President and CEO of PokitDok, Inc., a platform-as-a-service company for healthcare, prior to its acquisition by ChangeHealthcare. Murad has also held various leadership roles at Willis Towers Watson and served as Chief Operating Officer at Extend Health, Inc. and as Director of Business Development at eHealth, Inc. He earned a Bachelor of Arts from the University of Southern California.

FinSMEs

10/11/2023