LAUNCHub Ventures is a leading early-stage venture capital fund, investing in technology startups in the Seed and Series A funding stages. We invest in Central and Southeastern Europe (SEE & CEE), and in companies built by ambitious founders from that region who are based in the leading startup hubs such as London, San Francisco, and beyond. Our initial investment is between €300K and €2M, with capacity to continue supporting the funding needs of our portfolio companies in future rounds. We are leading investment rounds up to 4M. We are looking for scalable businesses with initial traction and passionate founders, originating from South-Eastern Europe and the broader CEE region. We are valued by our portfolio companies because we invest much more than money. We partner with our founders and provide them with our full support to help move the venture forward. Many of our portfolio companies have already benefited from our 'Series A academy' program that helped them reach their milestones and successfully raise follow up A rounds. Since 2012 we have been growing the CEE startup ecosystem and today we are excited to have some of the biggest VC firms in Europe and the US follow our investment into our portfolio.

LAUNCHub Ventures

Inovo VC backs early-stage, post-traction startups that can grow 100x. We partner up with ambitious founders like Stefan from Booksy, Maja from Zowie, or Marcin from Spacelift. We invest between €0.5–4m (1st ticket) in startups from Poland and the CEE region

Inovo VC

Index Health

Index Health is a telemedicine company that modernizes medicine by making treatment more personalized, data-driven, and proactive in order to help prevent and treat disease more effectively. Its primary focus is on cardiovascular disease, diabetes, hormones, and auto-immune conditions, and its members consult with their physicians and nutritionist on a regular basis. During the months-long course of treatment, the company collects over 1,000 data points per single lab test, and each session with a physician lasts an hour.

<div>Index Health is a membership-based healthcare service provider that offers personalized health plans created following a series of patient tests and diagnoses conducted via interviews, health history, genetics, and blood tests. Index Health differentiates by focusing on treating symptoms instead of prescribing drugs for issues including temporary pain alleviation. The company&rsquo;s mission is to increase the life expectancy of members by 10 years and impact over 1 billion patients.&nbsp;</div>

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

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 Index Health is a membership-based healthcare service provider that offers personalized health plans created following a series of patient tests and diagnoses conducted via interviews, health history, genetics, and blood tests. Index Health differentiates by focusing on treating symptoms instead of prescribing drugs for issues including temporary pain alleviation. The company&rsquo;s mission is to increase the life expectancy of members by 10 years and impact over 1 billion patients.&nbsp;
 
 
 The company offers personalized programs focused on preventing and treating the root cause of chronic diseases such as cardiovascular, diabetes, hormones, and auto-immune diseases. The care model consists of a care manager, a doctor, and a nutritionist. As of December 2022, the company was available in Florida via telemedicine. The company operates a B2B2C and D2C business model, charging USD 199 per month. 
 
 
 Funding and Financials
 
 
 The company raised 6 million in October 2022 via a seed funding round co-led by LAUNCHub Ventures and Inovo Venture Partners. The new funds were used to recruit and train medical professionals and expand its market reach across the US. 
 
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Cardiomo Care offers noninvasive wearable devices to alert users and caretakers when there are abnormalities in the heartbeat. The device can also conduct real-time wireless ECGs, track skin temperature, and detect falls. It also leverages AI to predict potential heart problems using cardiac signals.

Cardiomo Care

Omada is a prevention-focused digital therapeutics startup that helps members achieve health goals through lifestyle changes. It offers five evidence-based, virtual prevention programs for managing hypertension, behavioral health, musculoskeletal (MSK) issues, obesity and prediabetes, and diabetes.Omada offers real-time data tracking through connected devices (such as wireless scales, blood pressure, and glucose monitors) and access to personalized coaching sessions via a mobile app as part of its prevention program. It also provides an online community of peers with similar health conditions to discuss challenges and provide support. In May 2021, Omada became the first fully-virtual healthcare provider to earn the National Committee for Quality Assurance’s Population Health Program Accreditation for its type 2 diabetes and type 2 diabetes + hypertension programs.Unlike its peers, Omada operates a performance-based business model where it charges clients an enrollment fee based on the number of users and a performance fee based on how much weight their employees lose. By February 2022, Omada had more than 550,000 members from more than 1,700 enterprise clients across all 50 US states.Key Customers and PartnershipsIts B2B employer and health plan client base include key clients such as American Eagle, Kaiser Permanente, Costco Wholesale, 3M, and Marvin. Additionally, the company has partnered with health systems and hospitals such as Intermountain Healthcare to provide its preventive programs as a covered benefit. In <a href="https://sp-edge.com/updates/15587">January 2023</a>, the company partnered with health service company Castell (a subsidiary of Intermountain Healthcare) to provide its diabetes programs to members from Intermountain Healthcare’s primary care providers in its Utah Medical Group. Further in <a href="https://sp-edge.com/updates/25245">January 2024</a>, the company partnered with Amazon to expand access to its cardiometabolic program.In May 2020, the company purchased virtual physical therapy startup Physera.Funding and FinancialsIn <a href="https://sp-edge.com/updates/8703">February 2022</a>, Omada concluded a USD 192 million Series E funding round to hire more employees, further expand its offerings, as well as to invest in its Omada Insights Lab, which uses health data for better chronic care delivery.

Omada Health

VillageMD provides primary care services for patients. It also provides tools, technology, and staffing support needed for physicians to deliver high-quality services. VillageMD’s service delivery methods include traditional freestanding clinics, Village Medical at Walgreens co-located clinics, as well as at-home and around-the-clock virtual visits. It also leverages a team-based approach to care where physicians lead nurse practitioners, pharmacists, mental health specialists, and dietitians to offer a holistic care program. The technology of VillageMD includes docOS, an operating system that enables better patient care by connecting various clinical source systems with ongoing patient-generated data coupled with an AI engine to continuously analyze messages to enable patient self-care.The company made several acquisitions to expand its footprint: 1) <a href="https://sp-edge.com/updates/14347">Summit Health</a> for USD 8.9 billion in November 2022, 2) Healthy Interactions, an interactive patient education platform, in February 2022, and 3) <a href="https://sp-edge.com/updates/16968">Starling Physicians</a>, a primary care and specialty care provider, in March 2023.&nbsp;Key customers and partnershipsIn June 2020, VillageMD and Walgreens Boots Alliance announced a collaborative effort to open at least 600 Village Medical centers at Walgreens across more than 30 US markets by 2025. Walgreens invested USD 5.2 billion in VillageMD (from the previously announced USD 1.0 billion), raising its ownership stake to 63% (from 30%).&nbsp;However, as of May 2024, Walgreens had plans to close 160 VillageMD clinics as part of a cost-cutting plan.

VillageMD

Cityblock is a tech-driven primary healthcare provider predominantly targeting less privileged communities (for Medicaid and lower-income Medicare beneficiaries). It offers personalized, around-the-clock primary care and behavioral care in partnership with health insurers and community-based organizations to bring care closer to people in underserved communities.Cityblock’s care delivery platform, “Commons,” connects patients with community health providers and leverages data from various sources such as electronic health records, insurance claims, health information exchanges, pharmacies, and through interactions with the platform for decision support in delivering care. The platform enables care providers to communicate and monitor a patient's progress via its virtual healthcare model.The services of Cityblock are available to members at no additional cost if they are covered by an eligible health plan. As of March 2021, Cityblock catered to more than 70,000 patients. As of August 2021, the company was available in five states on the East Coast.Key Customers and PartnershipsIn September 2022, Cityblock Health partnered with Indiana-based healthcare company MDwise to open care clinics for its members. Prior to that, the company had partnered with insurance providers such as ConnectiCare (Connecticut), Tufts Health Plan (Massachusetts), Emblem Health (New York), Healthy Blue (North Carolina), Molina Healthcare (Ohio) and CareFirst (Washington DC).Funding and FinancialsCityblock is a spin-off of Sidewalk Labs, an Alphabet company that incubates and invests in tech companies and products to improve urban infrastructure. It completed a USD 400 million Series D funding round led by Softbank in September 2021, valuing the company at USD 5.7 billion. The company plans to enhance accessibility to its services, increase its membership base, and expand its geographical presence to North Carolina and Ohio with the funds raised.

Cityblock Health

Everside Health Group (formerly known as Paladina Health) offers preventative care for chronic conditions and primary, mental and occupational healthcare treatments for acute conditions. Patients benefit from around-the-clock access to care, same-day or next-day appointments for in-person, and virtual care visits with zero copays. Focusing mainly on the B2B segment, Everside aims to generate around 17% healthcare cost savings in three years and 31% in five years for its corporate members by leveraging a data-driven approach to care coordination. The company charges a per-member-per-month fee from its enterprise clients, which includes self-insured employers and labor unions. The company leverages data from past medical records, predictive analytics, and AI in the delivery of preventative care services.Founded in 2010 under the name Paladina Health, the company was rebranded in November 2020 as Everside Health following a merger between three primary care groups (Paladina, Activate Healthcare, and Healthstat). Everside filed its prospectus with the US Securities and Exchange Commission in July 2021 for its initial public offering (IPO). As of July 2022, the company is yet to be listed on the New York Stock Exchange under the ticker “EVSD.”Funding and financialsThe company reported a revenue of USD 113 million in 2020, up 40% YoY, while net loss for the year improved to USD 2.9 million from USD 19.6 million in 2019. The DPC operates more than 375 clinics across 34 states and has served hundreds of thousands patients as of July 2022.The company received its most recent investment in July 2022, amounting to USD 164 million in growth equity funding. The round was led by New Enterprise Associates (NEA). The funds were allocated towards growing its market presence and exploring opportunities for M&amp;A as well as to enhance and improve its product features. Additionally, the firm planned to expand its coverage of specialty care services aimed at individuals, employers, and union organizations.

Everside Health

Platforms offer a subscription-based or B2B-sponsored, evidence-based program for managing a specific long-term health condition.

DPCs offer value-based primary and preventive care services addressing whole-person (social, mental, physical) needs for a fixed monthly or annual fee paid by either the patient, insurance provider, or employer.

Companies offer B2B and D2C evidence-based treatments delivered via software programs to prevent and manage a variety of chronic conditions.

Tools that collect and analyze real-time patient data that supports healthcare providers with clinical decisions,  improves patient outcomes, and reduces medical errors.

Companies offer independent physician practices and hospitals with the tools (patient engagement, care coordination, administrative services) to help manage and improve clinical health outcomes of a defined group of individuals or large populations.

Platforms are used to track and gather patient health-related information via either a connected device or at-home test kits to detect the early onset of disease and identify any abnormalities in readings—but do not include a treatment plan.

To gather large amounts of real-time data for chronic care management, DTx, and patient monitoring

XR used by some startups for chronic pain management

Offers digital means of providing direct primary care, passive remote monitoring, chronic care management, etc.

AI/ML is used in predictive analytics, diagnostics tools, and population management

Offers tailored preventive interventions and treatments to the specific needs and characteristics of each individual

Index Health

Recent Updates

Index Health raises USD 6 million in a seed round

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