Nutrium, a digital health start-up which links dietitians and their patients via an app, has raised a EUR4.25 million seed round led by Indico Capital Partners, together with the Social Development Fund in Portugal (SIF) and previous investors. It now offers professional nutrition software to 80,000 nutrition professionals and 800,000 patients in more than 40 nations.
With this investment round, Nutrium prepares to double the group size in the next 24 months in order to focus on platform advancement and broaden international sales in markets like Spain, France, Italy, the U.S. and the U.K., where the business already has a strong customer base.
With the Nutrium platform, patients get incorporated nutrition therapy which integrates expert recommendations, continuous tracking and access to business items.
André Santos, CEO and co-founder of Nutrium, commented: “We are moving closer to our vision of making it possible for the enhancement of eating practices for countless individuals internationally.”
Stephan Morais, managing basic partner at Indico said: “Nutrium will become a full-fledged platform combining nutritional experts, clients, items and wellness data that will make it possible for much healthier and better lives. We are delighted to back this collectively established vision with capital and understanding.”
Rui Ferreira, vice president at Portugal Ventures, stated: “In 2017, when Portugal Ventures purchased Nutrium’s pre-seed round, the business was primarily present in 2 markets. Today, Nutrium runs in more than 40 markets, having increased its turnover exponentially.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.