USD 80 million for Oviva

Oviva, a Swiss scaleup founded in 2014 by Kai Eberhardt (CEO), Manuel Baumann (CTO) and Mark Jenkins (UK Managing Partner & Medical Director), empowers people to change their diet-related habits, improve their long-term health, and enhance their well-being. It does so by combining individual coaching with an intuitive app and solely hiring certified dietitians, ensuring that health systems and insurers cover costs. The business has so far helped over 200,000 people with diet-related challenges, has formed over 5,000 partnerships with health systems, insurers and doctors, and has operations across Europe, including in the UK, Germany, Switzerland and France.

To expand across Europe, the company has secured a new round of investment co-led by Sofina and Temasek, alongside existing investors AlbionVC, Earlybird, Eight Roads Ventures, and F-Prime Capital, MTIP, and several angel investors. This new funding round brings the total amount raised by the company to $115m and builds on a fantastic year where Oviva more than doubled both the people treated and the revenue earned.

Funding directed towards firmly establishing European market leader position
In Europe alone, more than 300 million people live with health challenges that are either triggered by diet or can be optimised through personalised dietary changes. Only a small fraction of the 300 million receive digital care. The scaleup will use the money raised to bolster growth by bringing millions of people its digital diet and lifestyle treatment, establishing its position as the European market leader and expanding the team to 800 employees by the end of 2022.