Vida Health Raises $28.5M

Vida Health, a virtual chronic condition care platform, raised $28.5 million in financing led by existing investors Ally Bridge, Canvas Ventures, General Atlantic, Hercules Capital, and others.

The company connects users with a personal health coach. The app offers various plans for many physical and behavioral chronic conditions, including weight loss, diabetes management and mental health support, per Mobi Health News.

Health coaches tailor a user’s program based on data from labs, pharmacy claims, devices, biometric data and other member-reported sources.

The California-based company said it will use the funds to scale its reach and pursue growth opportunities, particularly in the GLP-1 market. 

The company also announced the appointment of Joe Murad as its new chief executive officer. Murad also joined Vida’s board of directors. He takes over for Stephanie Tilenius, who is stepping down as founder and CEO and will transition to an advisory position. 

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