Lifeforce Capital and European investment firm, Big Pi Ventures led the financing round with participation from FCA Venture Partners, NFP Ventures, and Longmont Capital.
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, in a company press release. “We are thrilled to work with the Vivante team to build the first platform tackling digestive disease for millions of suffering patients.”
Vivante Health creates a comprehensive digestive health program, GIThrive. The program features an at-home microbiome test kit to highlight the bacterial imbalance in the gut, a personal digestion monitor to identify food sensitivities with a simple breath test, therapeutic nutrition, and on-demand support from gut health experts via the GIThrive app.
Vivante Health was founded by Dr. Kimon Angelides, the healthcare entrepreneur and the founder of EosHealth (which became Livongo) and Diabetes America.
“We knew we were onto something when the market responded so positively,” said Dr. Kimon Angelides, Vivante Health founder, and CEO, in a company press release, “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.”
Similar technologies that received funding
Astarte Medical, a provider of quantitative data about gut health that enables personalized care and nutrition to help preterm infants grow, received an investment from Next Act Fund.
metaMe Health, a provider of app-based digital therapeutics for gut health, closed a $3.8 million.
According to Mercom Q4 and Annual 2019 Report, In 2019, global VC funding for the Digital Health sector came to $8.9 billion in 615 deals.