Remote monitoring and virtual lifestyle health startup Prescribe FIT closed an oversubscribed $4 million series seed round led by Tamarind Hill, a venture capital firm investing in tech-driven healthcare and supply chain companies. Prescribe FIT plans to use the funding to scale their solution in 2023 and beyond.
The orthopedic weight loss startup closed their seed round soon after welcoming several new, high-profile board members, as well as expanding coast-to-coast to states including Florida, Arizona, Hawaii, and others; a move that increased prescribing providers 20-fold.
Additional fundraise participants include the Grote family—owners of Donatos Pizza and longtime Prescribe FIT investors—as well as practicing orthopedic surgeons and other notable business leaders such as Mike Kaufmann, the most recent CEO of Fortune 15 pharmaceutical and medical supply distributor Cardinal Health.
“Orthobesity™,” a portmanteau of the words “orthopedic” and “obesity,” was coined by Prescribe FIT to describe the overrepresentation of individuals with obesity in the orthopedic patient population. As many as 55% of patients in any given orthopedic clinic are obese, compared to about 42% of the general population.
With remote monitoring and health coaching, Prescribe FIT has helped patients lose an average of 5.4% of their weight in 16 weeks, according to a press release. 82% of patients reduced their severe pain in 30 days. Read more.
