Vori Series-A

This is the Vori pitch deck to raise a $45m series-a round in 2021.

About

Vori Health is an all-inclusive medical and health provider practicing a holistic, integrated approach starting with musculoskeletal care. It offers full-service physical medicine and rehabilitation care, physical therapy, prescriptions, imaging and lab ordering, health coaching, nutritional guidance, community support, and premium instructional content. The team consists of carefully selected, board-certified physicians and licensed healthcare providers, and provides health services that are accessible at the click of a button from the comfort, convenience, and privacy of a patient’s home.

The company was founded in 2020 and is headquartered in San Francisco, California.

Startups that want to help Americans with their back and joint pain are some of the year’s hottest investments.

A former neurosurgeon-turned-entrepreneur thinks some of digital health’s skyrocketing companies aren’t going far enough when it comes to treatment.

Dr. Ryan Grant left his previous startup, a medical staffing company called Nomad Health, to found Vori in mid-2020. Vori offers patients a virtual medical practice, complete with physicians and nurses, during an eight-week course of treatment for musculoskeletal conditions. It partners with primary care doctors through referrals, similar to any other specialist.

On Friday, it raised $45 million in Series A funding at a valuation above $100 million, a source with knowledge of the deal told Insider. NEA led the round, and Vori’s seed investors AlleyCorp and Max Ventures participated. Grant told Insider that the funds will help fuel the company’s expansion into at least five new markets before the end of the year, as well as help him hire engineering and clinical staff.

Vori’s approach is a step further than other startups like Hinge Health or Sword Health, Grant said, because while it offers physical therapy for patients that need it, it also can prescribe medication and help patients find a surgeon if that ultimately is the best course of treatment for them.

“The rise of physical therapy companies like Hinge is part of the continuum, but it’s an insufficient solution,” Grant said.

Patients find their way to Vori via referrals from their primary care doctors. Vori will eventually apply for reimbursements through insurance companies, Grant said, and is currently paid by its network of doctors to be a part of its network. He said the company will also plan to sell to self-insured employers down the road.

Musculoskeletal care, broadly referred to as MSK, can include a wide variety of conditions from joint pain to sports injuries and chronic pain. Often, these conditions are treated with physical therapy, pain management, and eventually, surgery. Orthopedic surgeries are often costly and require weeks or months of recovery and rehabilitation.

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