Wisdo Health, a Tel Aviv, Israel-based AI-powered social health platform harnessing the power of data and meaningful connections to improve health, raised $5 million in new funding, bringing its total Series A round to $11 million.
The additional round was led by Marius Nacht, along with Alive Israel Healthtech Fund L.P. and Bridge Builders Collaborative. Additional investors include the Founder of 23andme, Anne Wojcicki, the Founder of Intel Capital, Avram Miller, and investors from the Bridge Builders Collaborative.
The Tel Aviv-based company was started after Boaz Gaon, Wisdo’s CEO and founder, lost his father to cancer. "Fast forward to today, we're able to show massive improvements in quality of life, massive reductions in loneliness and significant reductions in medical costs, just by providing better customized and measurement-driven peer-to-peer networks. And also doing that without relying on costly therapists or hard to come by clinicians, but also gathering data that can help people find specific clinical services that might be applicable to specific people at specific times." he said
Wisdo is a company that has taken on the mission to cure loneliness at scale, which it does by offering over 50 communities including those that cover mental illness, physical activity, identity, and family.
Along with the new funding, was also revealed that Michel Habib, co-founder and Managing General Partner of Alive VC, will be joining the company's board of directors.
Company: Wisdo Ltd.
Raised: $5.0M
Round: Series A
Funding Month: January 2023
Lead Investors: Marius Nacht
Additional Investors: Alive Israel Healthtech Fund L.P., Bridge Builders Collaborative, Anne Wojcicki, and Avram Miller
Company Website: https://wisdo.com/
Software Category: Social Health platform
About the Company: Wisdo Health is an evidence-based peer support and benefits navigation platform designed to address the harmful consequences of loneliness, social isolation, and a lack of engagement on health outcomes and costs. Wisdo uses a data-driven model to map users' life challenges, goals, and obstacles to health, then proactively connects them with helpful peers who have been in their shoes, group coaching to build social skills, and referrals to clinical and SDOH solutions offered to users through their employer, state, or health plan. To date, over 500,000 adults have joined Wisdo.
Source: https://vator.tv/news/2023-01-06-wisdo-raises-5m-to-curb-the-loneliness-epidemic