NEW YORK, March 13, 2024 — Jukebox Health, the premier national provider of clinically-led home modifications, proudly announces a strategic investment from Home Depot Ventures. This investment marks a significant stride toward making affordable and accessible housing a reality for people aging in place across the country.

As an unprecedented 10,000 people turn 65 every day, America faces a considerable challenge – only 6% of homes are designed to support safe, independent aging. Unsafe housing leads to falls, reliance on caregivers, and even relocation to institutional living. Amidst a growing population and rising costs, the burden to the healthcare system is already approaching $100B per year.

Jukebox Health addresses this complex problem by bringing together its national networks of vetted occupational therapists and contractors. After visiting a patient’s home, clinicians present their recommendations on the company’s digital home modification platform. Patients and their families can make decisions and view sponsorship from their insurance company before dispatching one of the company’s local installation partners to complete the work. 

“We are incredibly excited to have Home Depot Ventures as a strategic investor. Having the largest brand in home improvement validate our mission speaks to just how important and universal the issue of aging in place has become,” said Romanos Fessas, CEO of Jukebox Health. “Together, we are poised to make a lasting impact on the healthcare and home improvement landscape, ensuring individuals can age at home with dignity and independence.” 

This investment will support Jukebox Health and its innovative work to make independent living available to as many people as possible. With customers in 38 states and counting, the company is tackling the enormous challenge facing all Americans – the US must modify 30 million homes to keep pace with its aging population. The team is committed to reshaping the landscape of home modifications, ensuring that homes across the nation become safe and accessible for everyone.

About Jukebox Health
Jukebox Health helps older adults and high-need populations thrive in their homes with clinically-led home modifications and comprehensive environmental services. The company partners with payers and at-risk providers, leveraging its technology platform and national networks of vetted occupational therapists, accessibility product suppliers, and installers. The company was founded in 2020 by experienced entrepreneurs who have built businesses acquired by Angie’s List, Anthem, and Softbank and backed by The Home Depot, Primary Ventures, Mosaic General Partnership, and Meridian Street Capital.

For more information on Jukebox Health, visit https://jukeboxhealth.com/.

Media Contacts:
Allison Del Fium
Head of Marketing
[email protected]

SOURCE Jukebox Health

BOSTON, March 13, 2024 — Advaita Capital, a growth venture capital firm specializing in deep tech and decarbonization investments, proudly announces its founder and CEO, Gayatri Sarkar, has been appointed as a crown patron for the prestigious Princess Grace Foundation of USA. Overseen by His Serene Highness Prince Albert II of Monaco (Princess Grace’s son), the Princess Grace Foundation-USA is dedicated to elevating artists of extraordinary promise in theater, dance, and film via game-changing grants.

This esteemed recognition highlights Ms. Sarkar’s commitment to philanthropy, patronage, and her extraordinary achievements in business and finance. Gayatri Sarkar is joining the esteemed group of invite only crown patrons that includes private equity investor and billionaire John Paulson, private equity investor and secretary of the navy during the Reagan administration John Francis Lehman, director of “Crazy Rich Asians,” Jon M. Chu, American socialite, philanthropist, and publishing heiress Anne Hearst McInerney, billionaire Lady Tina Green, director of Taveta, the majority owner of Taveta Investments Ltd, the parent company of the Arcadia Group, actor and singer Leslie Odom Jr. and few other world known dignitaries.

Ms. Sarkar stated, “It is truly an honor to join such an accomplished roster of patrons devoted to fostering creativity and excellence among emerging artists. I look forward to working closely with the foundation to expand its reach and impact among deserving talents.”

Ms. Sarkar brings a wealth of experience and accomplishments as a crown Patron. Her expertise spans technology and finance industries, she began her technical career at Hewlett Packard, IBM, and subsequently at Goldman Sachs and later worked at Federal Reserve Bank managing US Treasury project assets in US military and US Navy. She is also a serial entrepreneur and founded two startups before. She was named Global Leader under 40 for her gender advocacy featuring institutional asset managers in venture capital investment through her She-VC podcast.

Advaita Capital is a growth venture capital firm, 100% women-POC-owned. Advaita Capital has a team of Harvard PhD, MIT PhD, Yale undergrad, Wharton engineers and former COOs of large asset management firms. By leveraging extensive industry knowledge, Advaita Capital invests $10-$50M+, supporting extreme outlier startups and visionary entrepreneurs. Investment areas encompass generative ai, semiconductors, robotics, energy storage, and large-scale decarbonization infrastructure. Among Advaita Capital’s high-profile portfolio companies are Stripe, Epic Games, Cohere, and Neuralink, illustrating the firm’s keen eye for innovation and transformative potential.

SOURCE Advaita Capital

WASHINGTON, March 13, 2024 — Washington, D.C-based software company Goodshuffle announced its Series A investment of $5MM from FINTOP Capital.

“We were amazed to see what Goodshuffle has achieved with so little funding historically. It’s a true testament to the strength and discipline of this team and their understanding of the events industry.” –Brittani Roberts, Principal, FINTOP Capital

Goodshuffle intends to use the funds to hire more talent and further build out its already robust all-in-one event business management software, Goodshuffle Pro. It also plans to launch new, innovative solutions to some of the biggest problems faced by event business owners.

One of Goodshuffle’s primary focuses in the new year is further tackling the complex logistics behind event businesses. Garcia recently spoke at Manifest, a premier logistics and supply chain conference, to kick off an instrumental overhaul for businesses who often metaphorically “move mountains” to tackle multiple weekend events.

“We’re getting some long-planned features over the finish line, and hiring more teammates to build out the next phase of our offerings for 2024 and beyond.” –Andrew Garcia, CEO, Goodshuffle

It’s a full-circle moment for the CEO and Co-founder, whose original logistical challenge of renting out gear as a college DJ planted the initial seed that became Goodshuffle.

He and Co-founder Erik Dreyer started the business with an online rentals marketplace (Goodshuffle.com). The duo quickly realized that the industry faced unique challenges and lacked robust business software, which is when they moved their focus to building Goodshuffle Pro, an all-in-one vertical SaaS solution. Joined by Founding Team Member Karen Gordon in 2017, they soft-launched later that year and officially premiered the platform in January 2018.

Goodshuffle Pro became an instant category leader by taking an innovative approach to solving complex problems, boasting a steady 4.9-out-of-5 rating on software rating platform Capterra.

Even when the events industry took a severe hit during COVID-19, Goodshuffle quickly expanded its online shopping capabilities and educational resources, which helped the company grow despite the challenges of the pandemic.

“We always had the vision of further enabling the online shopping experience for these businesses. The pandemic created an urgent need to expedite those features. It was a difficult timeline, but ultimately an accelerator to a component of our long term plans.” –Erik Dreyer, Co-founder, Goodshuffle

In addition to its stellar reputation with its software users, Goodshuffle has built an excellent reputation as a workplace. Its unique culture has become a talent magnet, attracting team members across eight states and Canada. The company has won DC’s Best Startup twice and been ranked among DC’s Best Places to Work.

“We got this far by having the right people on our team, so we’re all in agreement that hiring more stellar talent to join us is our most crucial next step.” –Karen Gordon, EVP & Founding Team Member

Its open positions can be found on the website.

ABOUT GOODSHUFFLE PRO
Goodshuffle Pro is software built specifically for the event rental and production industry. The platform is a one-stop-shop to easily track inventory, automate sales, and empower growth. Streamline the chaos of the events world through online invoices, contracts & payments, inventory tracking & conflict detection, CRM tools, task management, and more.

ABOUT FINTOP CAPITAL
FINTOP Capital is a venture capital firm focused on early-stage FinTech companies. With over $700 million in committed capital across five funds, FINTOP brings decades of FinTech founding and operating experience to the board room, partnering with innovative entrepreneurs to push the frontiers of the financial services sector.

Media Contact: Brian Leigh, [email protected]

SOURCE Goodshuffle

IO River effectively turns multiple CDNs into one consistent network, ensuring all users get the best, most cost-effective content experience.

TEL AVIV, Israel, March 13, 2024 — IO River (https://www.ioriver.io) exited stealth today and announced $5.4M in funding for the first multi-CDN-as-a-Service platform on the edge. The seed round was led by S Capital with the participation of other investors, including Aryeh Mergi (co-founder of XtremIO, M-Systems and Jeeng) and Ronni Zehavi (co-founder of HiBob and Cotendo). IO River enables online services companies to operate effectively across multiple edge platforms, achieving top performance, reliability, and cost efficiency with no additional layer or latency. The platform already serves more than 100 petabytes of traffic a month.

Today, Internet companies use a content delivery network (CDN) to ensure that users around the world can access content quickly and cheaply. The CDN market is dominated by a few big players, which have variable pricing, capabilities and performance depending on the region. A single network is also a single point of failure in case of an outage, leading some companies to explore using multiple edge networks instead of just one CDN vendor. However, this is very difficult with existing tools, forcing organizations to manage each service separately.

“The largest content providers in the world don’t rely on a single content delivery network,” said Michael Hakimi, co-founder and CTO of IO River. “They use multiple edge vendors, managed by fancy in-house tools to improve cost and performance. We wanted to bring that capability to everyone.”

IO River is the first complete, holistic platform for managing multiple edge platforms, ensuring that users get the fastest, most cost-effective content served automatically by the optimal edge locations. IO River ensures Five Nines (99.999%) availability, improves performance by up to 50% and reduces delivery costs by up to 40%. 

IO River provides a unified user interface and API for configuring and controlling multiple edge networks, making them feel like a single super-network. Organizations can easily bring their existing providers into IO River, and add additional vendors without going through complicated migration and configuration processes. Companies can choose which edge network to use for different users, defining rules that optimize performance and cost based on the user location, type of traffic and other factors. Uniquely, IO River also offers consistent application services in a unified layer across multiple edge vendors, including web application firewall (WAF), rate limiting, traffic control and edge computing.

IO River was founded by Edward Tsinovoi and Michael Hakimi, two veterans of leading CDN company Akamai. The company, based in Tel Aviv, is an alumnus of the Intel Ignite deep tech accelerator program.

“Internet-based companies live and die by their content delivery,” said Haim Sadger, co-founding partner of S Capital. “They start losing sales if their sites are down for just a few minutes or if their content is slow and unreliable. But equally, with increased financial pressures, data costs are a massive proportion of companies’ outgoings. The classical approach of using a CDN doesn’t solve all these problems. IO River is offering a modern solution that meets the needs of the market, and we’re excited to invest in Edward and Michael’s deep expertise and understanding of how to deliver internet content to the world.”

Edward Tsinovoi, co-founder and CEO of IO River, said “Every edge provider has its unique benefits. But customers should be able to take advantage of all of the benefits without being locked into a single provider. IO River gives organizations the best blend of speed, reliability and cost, all in one place in a simple, single context that lets organizations run multiple edge networks as if they were managing just one.”

SOURCE IO River

Company’s innovative approach enables high-quality natural algae astaxanthin production at faster and more affordable rates

New funding will support company plans to reach commercialization this year

HONOLULU, March 13, 2024 — Kuehnle AgroSystems (“KAS”), a leading microalgal innovation and production company, today announced that it has raised a $3 million Series A2 funding round led by S2G Ventures. The funding will accelerate the commercialization of KAS’s pioneering method for producing natural astaxanthin from microalgae, a key component in sustainable aquaculture systems as well as a clinically proven human nutraceutical.

KAS has patented an innovative process that uses dark fermentation in closed vertical tank systems to produce high-quality natural algae astaxanthin. Utilizing a more sustainable feedstock and production method than current natural and synthetic astaxanthin production methods, KAS’s process results in lower production costs, higher yields, faster growth times, and less water and energy consumption.

Astaxanthin is a carotenoid with antioxidant properties present in natural aquatic algae, which is consumed by salmonids and shrimp and gives these species their characteristic red color. In aquaculture systems, which produce over 50% of the seafood we eat globally, astaxanthin is incorporated to provide similar pigments. However, 95% of astaxanthin currently used in aquaculture feed is synthetic and derived from petrochemicals. KAS aims to replace synthetic with natural algal astaxanthin, addressing a market that is estimated to be valued at around $3.7 billion.

“Strong consumer preference for natural inputs is expected to accelerate the transition from synthetic to natural astaxanthin,” said Claude Kaplan, chief executive officer of KAS. “With our ability to generate greater astaxanthin output volumes, quicker and at a reduced cost compared to light-dependent methods, this funding strongly positions KAS to respond to the rapidly expanding needs of the market.”

“KAS’s fermentation breakthrough, natural strain development process, and sustainable production method all have the potential to transform the natural astaxanthin market, a key input for more sustainable aquaculture practices that can drive better outcomes for people and the planet,” said Larsen Mettler, Managing Director at S2G Ventures. “We are proud to be part of KAS’s journey and look forward to supporting the impact they are poised to make in the market.”

Existing backers of KAS include Aqua-Spark, Hatch and Cavallo Ventures.

“We continue to be impressed by the KAS team’s capacity to leverage their scientific and commercial knowledge to produce a truly innovative solution for replacing synthetic with natural astaxanthin,” said Lissy Smit, CEO at Aqua-Spark. “As the aquaculture industry continues to grow at a rapid pace, we need more companies like KAS that are solving core challenges in the value chain to ensure our food system is healthier and more sustainable for consumers and the planet.” 

KAS will initially launch with its European-based production partner with the capacity to distribute globally. This new funding will enable KAS to exploit its ability to use standard fermentation equipment, to swiftly expand production through leveraging contract manufacturers, with the option to bring production in-house in the future. And while KAS’ process is inherently more resource efficient than competitors, the company’s technology also holds future potential for recycling the gas generated during fermentation to produce feedstock to be fed back into the fermentation process creating fully circular algal products.  

About KAS:
Kuehnle AgroSystems, Inc. (KAS), founded in 2007, is a Hawaii-based microalgae development company with a world-class team of professionals. KAS uses its extensive library of Hawaiian microalgal strains to research, develop and produce specialty chemicals and raw materials to make life better.  Our customers include multinational corporations along with valued regional companies and brands that require sustainable plant-based ingredients for animal feeds, human health, food, and personal care. Industrial fermentation allows our ingredients to be cultured at lower cost with highest efficiency and quality, and enables rapid access to markets by ourselves and our partners. Learn more at kuehnleagro.com.

About S2G Ventures:
S2G Ventures partners with entrepreneurs who are working on solutions to some of the world’s greatest challenges across the food, agriculture, oceans, and energy markets. The firm provides capital, mentorship, and value-added resources to companies pursuing innovative market-based solutions that generate positive social, environmental, and financial returns. S2G structures flexible capital solutions that can range from seed and venture funding through growth equity to debt and infrastructure financing. For more information about S2G, visit s2gventures.com or connect with us on LinkedIn.

Media Contact:
Chelsea Hokenson
[email protected] 

SOURCE Kuehnle AgroSystems

COPENHAGEN, Denmark, March 13, 2024 — Global Fashion Agenda (GFA), a non-profit organisation accelerating the transition to a net positive fashion industry, has collaborated with PDS Ventures, the innovation and investment arm of PDS Limited, to launch a new Trailblazer Programme. The new initiative seeks to identify fashion’s most promising early-stage innovators and support them on their journey to scale.

As part of the Trailblazer Programme, PDS Ventures will award one innovator a significant investment of up to USD 200,000 to accelerate the company’s growth and positive impact in the fashion industry. The winner will also receive commercial and operational support from PDS Group’s Positive Materials – a textile company and strategic research partner supporting the development and acceleration of low impact textile innovation through collaboration between early-stage start-ups, supply chain partners and brands. Further scaling opportunities will be gained through access to PDS Limited’s extensive global supply chain.

GFA and PDS Ventures are presenting an open call for solution providers addressing different challenges across the fashion value chain to apply for the programme. Applicants will be reviewed and shortlisted by an esteemed Jury including representatives from GFA, PDS Ventures, Massachusetts Institute of Technology (MIT), Ralph Lauren Corporation, Fashion For Good and H&M Group. Eight shortlisted innovations will be enrolled in a group of Trailblazers, receiving feedback and investment pitch training from industry experts and PDS representatives.    

Each shortlisted innovator will then pitch for a potential investment, with the winning Trailblazer being revealed at GFA’s Global Fashion Summit: Copenhagen Edition 2024 – the leading international forum for sustainability in fashion, on 22-23 May at the Copenhagen Concert Hall. All shortlisted Trailblazers will also have the opportunity to showcase their businesses within an exhibit at the Summit to connect with other key industry stakeholders and potential investors.

The Trailblazer Programme corresponds with the theme of the upcoming Global Fashion Summit – ‘Unlocking The Next Level’. Inspired by a significant milestone, 2024 marks 15 years since the inaugural Global Fashion Summit was hosted in 2009. This pivotal anniversary offers a special moment to not only take stock of the evolution of the sector and the progress made so far, but, most importantly, look ahead at what actions must urgently be implemented in the near term, and the gaps that must be filled to accelerate industry transformation.

Federica Marchionni, CEO, Global Fashion Agenda, says: “Innovation is a fundamental component to transforming the current fashion system to one that benefits people and the planet. Yet, to truly achieve impact at scale, innovation and investment go hand-in-hand. In a time of significant economic challenges, it is more important than ever that the fashion ecosystem prioritises investment in early-stage solutions so that we can bring them to fruition and make them last. Through this programme and the support from PDS Ventures, GFA is striving to help innovation thrive.”

Pallak Seth, Founder and Executive Vice Chairman, PDS Limited, says: “We are incredibly proud to partner with the Global Fashion Agenda to establish the Trailblazer programme. There has never been a more urgent time than now for true industry support for climate-first innovators with, not only financial investment but most crucially, mentoring and support to unlock the scaling potential of early-stage innovators. At PDS Ventures we are committed to supporting young pioneering businesses and have had the privilege of working with some of the most exciting start-ups from their earliest days accelerating their mission to make a positive impact in the fashion industry.”

Early-stage innovators can apply to participate in the programme now. View the criteria for applicants. Applications close on 31 March. 

For more information contact [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/global-fashion-agenda/r/unlocking-the-next-level–new-funding-programme-aims-to-scale-fashion-innovation,c3941656

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SINGAPORE, March 13, 2024 — OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced its leading role in the latest investment round of UXLINK. UXLINK is a Web3 social platform that combines a Web3 gateway, social DEX and infrastructure with the goal of facilitating mass adoption.

UXLINK is the first SocialFi application that effectively connects the trust users have in real-world relationships with decentralized applications, by utilizing Web3 “UXGroups” on Telegram. As the first trust-focused platform in the Web3 space, UXLINK facilitates the transition from Web2 to Web3, fostering unity and empowering the creation of social assets and social trading.

To date, UXLINK has successfully onboarded 3.5 million registered users. In addition to OKX Ventures, the platform has also secured investments from high-profile venture capital firms such as ZhenFund, HongShan and MatrixPort Ventures.

OKX Ventures Founder Dora Yue said: “UXLINK is a game-changer in the Web3 social infrastructure space; the project has rapidly developed through its ‘acquaintance social’ and ‘group’ model. In just 10 months since its launch, it has attracted millions of users, highlighting the fast growth and effective spread of this model. Recently, the platform’s ‘Link to Earn’ feature has drawn in most new users. This innovative concept merges social networking and transactions, creating a robust ecosystem where people can fully leverage their digital assets. We believe UXLINK will effectively bridge the vast user base of Web2 with the Web3 world.”

For further information, please contact:
[email protected] 

About OKX Ventures
OKX Ventures is the investment arm of leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.

Find out more about OKX Ventures here.

Disclaimer

SOURCE OKX Ventures

NEW YORK, March 12, 2024 — WealthFeed Inc (“WealthFeed”), the cutting-edge AI-powered organic growth platform for Financial Advisors, proudly announces the successful closure of a $2 million funding round. Strategic investors include Thicket Ventures and executives from the Registered Investment Advisor (RIA), Investment Banking and Private Equity sectors. Concurrent with the investment, Justin Wisz and Joe Jolson will join WealthFeed’s Board of Directors. The round reflects the confidence that industry leaders have placed in WealthFeed’s distinctive value proposition, and is poised to drive the platform’s growth initiatives, further enhancing its use of predictive analytics and artificial intelligence to assist Financial Advisors in expanding their market footprint.

WealthFeed, the financial services spin-off of Catalyze AI which has served over 1,700 real estate and financial services customers, provides an AI-powered Money-in-Motion platform empowering Financial Advisors to grow their book of business, increase client retention and grow wallet-share with current clients. The platform boasts a dynamic money-in-motion prospect database, offering Advisors extensive filtering capabilities to identify high-converting prospect opportunities, in real time. Additionally, the WealthFeed platform enables Advisors to enrich their current client/prospect database with financial data, contact information, and other impactful insights, allowing them to prioritize and convert prospects at a higher rate. Lastly, the AI-powered platform provides Advisors with real-time alerts of money-in-motion taking place within their current client base, enhancing client retention and asset aggregation opportunities.

“The trust demonstrated by our investors validates the exciting potential of our WealthFeed platform. This funding milestone fuels our mission to equip Advisors and enterprises with a platform that harnesses the power of artificial intelligence and big data to help grow their book of business, increase client retention, and grow wallet-share with current clients. Everyone in wealth management recognizes that ‘money-in-motion’ sparks asset gathering opportunities, yet historically, no scalable means existed for capturing these moments. WealthFeed solves this by leveraging advanced analytics and AI to empower Advisors to not only identify high-converting prospects experiencing liquidity events in real time, but also enrich their current contacts with valuable information and monitor existing opportunities within their book of business,” said WealthFeed’s Co-Founder and CEO, Sam Kendree.

“This capital round gets us one step closer to providing every Advisor with a toolkit of solutions to help solve organic growth problems that have existed for decades,” comments Kendree. “We set out to democratize AI and big data within the Financial Advisory space, from the one-person IBD shops to the national RIAs, enabling them with an easy-to-use application that promotes relevant financial advice and the creation of life-shaping connections.”

For media inquiries or additional information, please contact: [email protected].  

About WealthFeed:

Based in New York City, WealthFeed is a leading SaaS Business Development platform for Financial Service Professionals. Leveraging advanced AI and data analytics, WealthFeed empowers Financial Advisors to grow their book of business, increase client retention, and grow wallet-share with current clients through our AI-powered Money-in-Motion platform. For more information, visit www.wealthfeed.com.

SOURCE WealthFeed, Inc

The Value-based Healthcare Provider Pioneers Whole-Family Healthcare at Home

NEW ORLEANS, March 12, 2024 — Nest Health, the first value-based whole-family healthcare provider announced today it has raised over $4 million in an extended Seed Round. The financing was led by SpringTide with committed support from additional sources including Alumni Ventures, Ochsner Ventures, and others. Nest Health aims to make comprehensive healthcare radically accessible to the most vulnerable populations. This announcement comes on the heels of a $15M initial Seed Round in March 2023 led by 8VC and the Blue Venture Fund, with support from MVP, Health 2047, and Gaingels. This additional funding will be used to grow Nest Health’s reach to new markets and health plans.

“Greater reach allows Nest to meaningfully change the health not only of families we serve, but of populations as a whole.” Says Founder and CEO Dr. Rebekah Gee.  “Families eat together, experience addiction together, and experience poverty and poor health together. Treating an individual alone, particularly for high-and-rising-risk caregivers, ignores this reality and ultimately leads to poor health outcomes for the family. Treating the family as a unit, when and where it’s convenient for them, at home, has the power to radically improve access to quality healthcare for families, in Louisiana and beyond.”

Founded in 2021, Nest Health is the first value-based healthcare practice built for families. Nest provides parents and children with convenient and compassionate primary care through house calls, virtual care & 24/7 medical, behavioral, and social support. Since launching, Nest Health’s services have become accessible at no additional cost to thousands of families covered by Medicaid in the greater New Orleans area.

The company’s integrated care delivery team of doctors, advanced practice providers, family Advocates (medical assistants), pediatricians, dietitians, and mental health specialists provides families with vast services, including:

• Primary care at home and online
• A 24/7 Nest nurse line for support and advice
• Evening and weekend availability
• Check-ups and well visits
• Sick visits
• Vaccinations
• Mental health support
• Nutrition support
• Education and coaching
• Chronic condition management
• Specialty care
  and more.

“We’re thrilled to support Nest and their mission to make whole-family care radically accessible. This investment signals a much-needed change to support innovations delivering care to our country’s most vulnerable populations.” SpringTide partner Brad Otto shares. “Nest is the first to design home-based care for families and we couldn’t be more excited to be a part of this critical stage of growth for the company and the industry.”

The investment marks a significant milestone in Medicaid innovation. With $800 billion of annual spend^[1], Medicaid covers 83M people and 42% of the country’s births^[2], yet remains an untapped market for privately funded solutions, resulting in only $1.6B annually in venture capital investments. As compared to Medicare Advantage, a program covering 31M people with half the national spending as Medicaid, Medicare Advantage investments exceed $21.1B annually from venture capital^[3].

The U.S. lags far behind other high-income nations when it comes to maternal, infant, and family health outcomes. Louisiana in particular ranks 49^th in child well-being in the country and just as low on maternal health outcomes^[4]. 39 out of every 100-thousand mothers in Louisiana die during or shortly after childbirth^[5].

————————————————————————————-

About Nest Health

Nest Health is the first value-based in-home and virtual healthcare provider built for families. Starting in New Orleans, Nest Health partners with families and insurers to deliver a healthier start in life. Through an innovative primary care and value-based care model, Nest makes life easier and healthier for families. 

Nest offers evening and weekend appointments, house calls, virtual visits, same day, and next day availability, plus a 24/7 nurse line. Nest Health families won’t need to make multiple appointments, sit in waiting rooms, take extra time off work, or find childcare or transportation to get timely, quality healthcare. 

Nest Health is led by co-founders, Dr. Rebekah Gee, former Secretary of Health of Louisiana, and Rebecca Kavoussi, MPH, former President of Landmark Health. The company is currently hiring for a number of roles. For more information, visit nesthealth.com. 

Nest Health: Whole-Family Healthcare. For more information, to become a partner, or find care for your family visit www.NestHealth.com.  

CONTACT: [email protected]

About SpringTide

SpringTide is a venture capital firm focused on elevating human health globally. The firm seeks to support exceptional founding teams who are driving disruptive innovation on a global scale. SpringTide distinguishes itself through its operator DNA, relentless focus on human health, and deep conviction for leading early-stage funding rounds. For more information visit www.SpringTide.com. 

Related links: nesthealth.com

[1] https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/nhe-fact-sheet#
[2]  https://www.medicaid.gov/medicaid/quality-of-care/quality-improvement-initiatives/maternal-infant-health-care-quality/index.html#
[3] https://www.healthaffairs.org/content/forefront/startups-and-medicaid-can-collaborate-improve-patient-outcomes
[4] https://assets.aecf.org/m/databook/aecf-2023kidscountdatabook-embargoed.pdf
[5] https://www.marchofdimes.org/peristats/reports/louisiana/report-card

SOURCE Nest Health