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Vida Health Series-D

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Vida Health Pitch Deck to Raise $110m Series-D Round

This is the Vida Health pitch deck to raise a $110m series-d round in 2021.

About

Vida Health is a virtual care platform intentionally designed to treat a person’s whole health by treating mental and physical conditions, together. Vida’s clinically validated approach combines an AI-powered, personalized experience with the support and human connection of coaches and therapists. Vida’s app offers video sessions, messaging, and digital content to help people prevent, manage, and reverse chronic conditions — like diabetes and hypertension — and the mental conditions that accompany them — like stress, depression, and anxiety. Some of America’s largest employers and health plans trust Vida’s whole health offering.

The company was founded in 2014 and is based in San Francisco, California

Stephanie Tilenius’ dad had multiple chronic conditions, including obesity, diabetes, and depression.

It was 2012, and she was a vice president at Google, living in California. Her dad lived in Ohio, and she struggled to keep up with all the doctors or track his health in any way.

“I needed day-to-day data, and I couldn’t get that,” Tilenius told Insider. “There was no one to hold him accountable and help him. And so I thought, ‘Why don’t we have this?'”

Tilenius founded Vida Health in 2014, which launched with $5 million in funding and signed its first commercial customer, data analytics company FICO, the following year, she said. Vida tripled its revenue in 2020 compared to 2019, and it’s among a rising tide of startups seeing record funding and more deals with health plans and employers looking to tackle their increasing healthcare costs.

Vida on Wednesday raised $110 million from the likes of General Atlantic, Centene, insurance company Guidewell, and others, for a total of about $188 million, the company told Insider. It has programs for diabetes, pre-diabetes, mental health, hypertension, and weight loss, including in Spanish.

Most patients admitted for COVID-19 had underlying chronic diseases like diabetes. Most of the more than 130 million Americans with a chronic disease, meanwhile, have more than one, Tilenius said. The past year has also taken a toll on mental health, with 41.5% of adults reporting symptoms of anxiety and depression, per the Centers for Disease Control and Prevention.

Chronic disease management can be the hardest part of healthcare since patients are often juggling multiple physicians, apps, and medications. Especially with cross-cutting mental health conditions, people can struggle to get all the help they require.

“It’s almost like COVID forced everyone into an experiment to see how mental health affects physical health,” Tilenius said. “It started with anxiety, stress, loneliness, and lethargy. It’s ending with love handles, high blood pressure, and pre-diabetes.”

Vida’s in the category of startups like Omada, Virta Health, and Lyra Health that aim to supplement primary care with a mobile app. It can treat one patient for multiple problems at the same time, providing them data, like about blood sugar, plus coaching and time with specialists across conditions.

Its guiding focus, in other words, is combining mental and physical healthcare like Tilenius’ dad needed.

“They’re interrelated,” Tilenius said. “We see that if we treat the mind and the body, if we treat the depression and the diabetes, we’ll have better outcomes.”

Here’s the 35-slide pitch deck, provided by the company to Insider, that helped Vida raise $110 million. It omits three slides about the company’s financial information and a sampling of retention data.

Funding Rounds

Announced Date	Transaction Name	Number of Investors	Money Raised	Lead Investors
May 5, 2021	Series D – Vida Health	11	$110M	AXA Venture Partners, Centene, General Atlantic
Apr 30, 2020	Venture Round – Vida Health	7	$25M	Ally Bridge Group
Jun 19, 2019	Series C – Vida Health	2	$30M	—
Dec 8, 2016	Series B – Vida Health	5	$18M	Canvas Ventures
October 28, 2014	Series A – Vida Health	11	$5M	—