Do you know that buyers poured extra money into well being tech startups in Latin America than your complete business common? And that is in a area the place startups had been already rising virtually 19X between 2015 and 2021.
In Colombia, digital appointments elevated by 7,000% in 2020, and in Mexico, about 50% of the docs and lots of hospitals already use telemedicine.
Final 12 months, well being tech startups in Latin America raised over USD $1 billion from buyers, quadrupling the quantity raised the earlier 12 months in 2020. That quantity is estimated to achieve USD $5.6 billion by 2026 in Latin America, based on Oxford Enterprise Group.
As we head into one other new 12 months of technological innovation in well being and wellbeing, let’s check out ten such startups that turned a highlight on themselves this 12 months, and should make a much bigger leap within the subsequent.
Kiwibot is a last-mile robotic supply service based in 2017 by Colombian entrepreneurs Felipe Chávez and Sergio Pachón. Kiwibot goals to revolutionize meals supply utilizing semi-autonomous robots. By doing so, Kiwibot boosts alternatives for locally-owned companies, whereas granting equal entry to meals, treatment, and libraries.
To date Kiwibot has remodeled 200,000 deliveries to college campuses throughout cities within the US. The Colombian startup raised $7.5 million in pre-Collection A funding earlier this 12 months and expanded its fleet of robots in cities together with Santa Monica, Los Angeles, Miami, Pittsburg, Denver, Dallas, Detroit, Medellin, and even Dubai. Kiwibot’s plan is to increase to greater than 1,200 robots throughout 50 U.S. school campuses earlier than the top of 2022.
Sao Paulo-based Nilo is an entire digital care resolution for patient-centric healthcare engagement. Based in 2020, the two-year-old startup provides software program for relationship administration and affected person care, serving B2B suppliers together with operators, insurance coverage corporations, self-management, brokers, hospitals and clinics. Based by Victor Marcondes and Isadora Kimura, Nilo claims to be the primary SaaS platform for well being administration within the nation, which permits corporations within the space to offer digital and simplified care.
In January this 12 months, the startup raised 55 million Actual or $10 million in a sequence A spherical from World Founders Capital, SoftBank Latin America Fund, Tau Ventures, amongst others. And later in September, the startup employed the previous head of LatAm Uber Fernando Zorzo Dal Piva because the director of operations.
Sustainable meals tech startup The Stay Inexperienced Co makes use of expertise to analysis and develop plant-based meals of the long run. Co-headquartered in Boston, Massachusetts and San Fernando, Chile LiveGreenCo’s mission is straightforward: promote next-gen plant-based meals whereas adhering to 3 UN Sustainable Improvement Targets: good well being, good work and development and accountable manufacturing.
The four-year-old startup’s suggestion engine “Charaka,” blends ancestral sciences of plant diet with trendy tech to profile the animal in addition to artificial and highly-processed elements in our each day meals merchandise, and recommends 100% pure plant-based options. The startup additionally provides plant-based merchandise like vegan burgers, ice lotions, protein bars and baking mixes.
LiveGreenCo has gained quite a lot of accolades together with LatAm Cleantech, World Meals Discussion board in addition to high 10 Meals Improvements of Chile, 2020 and 2021.
Not technically in Latin America, however Puerto Rico-based OcyonBio’s focus is on biotech analysis. Co-founded by Daniel Chang and Robert Salcedo, OcyonBio’s mission is to “make medicines inexpensive,” by offering autonomous manufacturing capability with interconnected infrastructure and programs to help drug growth.
By performing like an incubator/manufacturing facility, OcyonBio offers corporations with its personal house, the flexibleness to guard their IP, handle schedules and different sources. In June 2022, the corporate invested $158 million in Aguadilla, Puerto Rico to create a R&D lab to advance cell remedies towards various kinds of most cancers and different ailments.
Pura Mente is a Wellness App that helps folks (and corporations) to enhance their wellbeing and psychological well being by way of the behavior of meditation. Its freemium mannequin permits customers to meditate at their very own tempo, making the most of Pura Mente’s worth proposition.
Based in 2019 by Martín Becerra, this Argentine startup raised a $1.3 million seed-round from buyers 500 Startups Latin America, Begin-Up Chile, and VC funds Goodwater Capital and Newtopia Ventures.
With a projected turnover of $1 million by the top of this 12 months, Pura Mente counts corporations equivalent to Quilmes, Unilever, La Bioguía, PWC and Wunderman Thomson as its purchasers.
Mexican startup Plenna claims to be a contemporary clinic serving girls’s reproductive and gynecological well being. By making dependable and related info obtainable, Plenna’s mission is to empower Mexican girls to have wholesome lives and really feel fulfilled.
Based by Giovanna Abramo and Lorena Ostos Rangel, Plenna raised $4.4 million in a seed spherical that was led by City Innovation Fund. Canary VC, Collaborative, 1984 VC, 500 World, Bridge Latam, Amador Holdings, Nido Ventures, Integra Groupe, Phoenix Membership and others additionally participated within the spherical.
Abramo was additionally named one in every of Forbes’ ’30 Below 30′ rising stars in well being care.
Revai is a collaborative platform for docs, sufferers and the healthcare business. An ecosystem the place all of them can improve information era and classification, making anonymized information obtainable for open analysis, whereas prompting residents to turn into the last word controllers of their well being info.
Based in 2020 by entrepreneur Diego Cerutti and ophthalmologist and athlete Roger Zaldivar, Revai’s mission is to encourage docs and clinics to begin making anonymized information obtainable for open analysis.
Parellely, whereas prompting residents to turn into the last word homeowners and controllers of their well being information. The startup goals to turn into an info market drawing from value-based relationships between residents, hospitals, analysis facilities and companies.
Supply Meridian is a software program growth firm that focuses on information analytics, healthcare expertise, and synthetic intelligence – offering wealthy expertise competencies in, publishing, textual content analytics and pharmaceutical area experience to its purchasers.
Based in 2016 by Mike Hoey, Supply Meridian has two places of work in america in Philadelphia and three places of work in Latin America, together with in Medellín, Colombia.
Throughout the pandemic, Supply Meridian offered its companions with instruments constructed to shore-up inefficiencies rooted within the methodology of traceability, revamp information safety practices, and endeavor to fulfill different novel service challenges.
There aren’t many different healthtechs like Mexican Metropolis upstart Welbe Care. This one-year-old firm offers a well being care program for staff and administration software program for occupational docs.
In Could 2022, the corporate raised $3 million in a pre-seed spherical led by Nazcar. Its projected development of its community of docs and laboratories was geared toward 100,000 energetic customers by year-end – on the time of funding, Welbe had 1500 docs and 700 labs in its community.
Based by Marcos Sponton, acknowledged by Forbes as one of many 30 most promising Argentinians, Yerbo is a psychological well being device for corporations.
The 2-year-old upstart already counts corporations together with Nubank and GitLab as its purchasers to assist their staff keep away from burnout and deal with their psychological well being. To date Yerbo has raised US$455,000 in pre-seed funding from Newtopia Ventures and numerous angel buyers.
Disclaimer: This text encompasses a consumer of an Espacio portfolio firm.
