Nutrium, a digital health startup which links dietitians and their patients via an app, has raised a €4.25 million seed round led by Indico Capital Partners, alongside the Social Innovation 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 countries.
With this investment round, Nutrium plans to double the team size in the next 24 months in order to focus on platform development and expand global sales in markets like Spain, France, Italy, the U.S. and the U.K., where the company already has a strong customer base.
With the Nutrium platform, patients get integrated nutrition counseling which combines professional advice, continuous monitoring and access to commercial products.
André Santos, CEO and co-founder of Nutrium, commented: “We are moving closer to our vision of enabling the improvement of eating habits for millions of people globally.”
Stephan Morais, managing general partner at Indico said: “Nutrium will become a full-fledged platform bringing together nutritionists, patients, products and wellness data that will enable healthier and happier lives. We are pleased to back this jointly developed vision with capital and knowledge.“
Rui Ferreira, vice president at Portugal Ventures, said: “In 2017, when Portugal Ventures invested in Nutrium’s pre-seed round, the company was mainly present in two markets. Today, Nutrium operates in more than 40 markets, having increased its turnover exponentially.”
Nutrium’s competitors include NutriAdmin, AppointmentPlus and Evolution Nutrition, which has raised $2.3 million.
Comment