Telehealth Startup Raises $18 Million Series a
- San Francisco-primarily based Ria Well being has lifted an $18 million Collection A from SV Health and fitness Traders.
- The startup provides a complete alcoholic beverages dependancy cure through its electronic platform.
- Look at out the 24-slide deck employed to increase the fresh resources.
A startup that supplies treatment for liquor use problems has just elevated $18 million in Collection A funding.
Ria Wellbeing, which introduced in 2016, delivers users personalised care to tackle alcoholic beverages misuse as a result of its app. The startup prescribes Food and drug administration-accredited drugs which helps in controlling alcohol cravings, but this is also supplemented by its
telehealth
services.
Customers are offered access to non-public coaching with certified counselors, like treatment options this sort of as cognitive behavioral remedy, as nicely as on-line help groups.
They are also guided in direction of weekly and month-to-month aims with continual guidance from Ria Health’s health care workforce. Each individual member is delivered with a
bluetooth
breathalyzer when they signal up, which records their blood alcohol content material and logs it on to the app.
The “a single-size-matches-all tactic to multi-addiction procedure has yielded poor effects,” said Tom Nix, CEO of Ria Overall health.
The startup tailors its coaching to every unique in a different way based mostly on the restoration styles that are finest suited to their needs.
So far, Ria Health has identified that in just a year of starting off treatment method, 80% of its individuals have a decrease risk ingesting stage – as outlined by the Planet Overall health Firm.
Extreme alcohol use strike an all-time substantial for the duration of the pandemic, but health care companies were stretched slender, with considerably less suggests to deliver in-individual remedies. Considering the fact that 2020, a slate of
digital wellbeing
startups have emerged globally in a bid to fill this hole and provide extra available solutions remotely, by forming partnerships with overall health insurers.
Ria Well being operates through specific memberships as very well as industrial partnerships with insurance companies, these kinds of as Anthem, Blue Cross Blue Shield, Optum, and United Healthcare.
The round was led by SV Well being Investors, a Boston-based mostly VC company with a particular focus on health care startups which has backed drug discovery startups this sort of as Prilenia and TRexBio. Added backing arrived from BPEA Non-public Equity, and existing trader SOSV.
With the fresh new funds, the startup will grow its crew across the US, and extend its shipping of treatment options.
Examine out the pitch deck used to increase the funds.