Kilo Health, the parent company behind 15+ leading digital health and wellness startups, has announced the launch of its strategic partnership program Kilo Ventures. This program is looking for startups with an established product and market traction that need a strategic partner to help scale their company.
Starting in 2021, Kilo Health has already invested more than 2 million euros in healthtech startups Pulsetto, Medical Score, Tyler.Health, and Revolab. Each of these companies received not only capital but also full operational support – from know-how and resources to business growth models and monetization strategies.
“Our goal is to provide opportunities for promising companies to scale or accelerate in the market by combining our extensive industry know-how and resources. The market is changing very rapidly, and if you want to be ahead of your competitors, you need to scale fast,“ says Goda Mikocionyte, manager of the Kilo Ventures program.
The companies that want to qualify for the Kilo Ventures program will need an established product, a registered company, customer attraction, and a desire to scale. Generally, it can be both early or late-stage startups creating products in the digital health and wellness field.
Kilo Health seeks to be the main strategic partner and provide not only the capital for growth but also all the resources necessary for business development and scaling. The company has an in-house marketing agency, R&D department, 600+ experts, and 8 years’ worth of experience launching new products in the industry.
“Most VCs have very high expectations, want the results fast, and usually do not provide any support. We are looking to make a massive impact and fully support entrepreneurial minds since a close work environment is key,” explains Mikocionyte.
2021 was the record year for digital health and wellness startups. According to the CBInsights report, the industry has grown by 79% and has received $57.2 billion in funding.