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Diet-focused platform plots European expansion amid £58m raise

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How digital health platform is tackling dietary challenges.

A personalised digital health platform which aims to tackle diet-related challenges and conditions has raised £58m in funding to drive its European growth.

Oviva provides diet and lifestyle coaching to people facing diet-related health challenges.

It combines individual coaching with an intuitive app and access to certified dietitians. To date it has reportedly helped over 200,000 people with diet-related challenges, and forged 5,000+ partnerships with health systems, insurers and doctors. The firm has operations across Europe, including in the UK, Germany, Switzerland and France.

This new funding round brings the total amount raised by the digital health company to around £83m (US$115m).

According to Oviva, more than 300 million people in Europe live with health challenges that are either triggered by diet or can be optimised through personalised dietary changes.

Only a small fraction are offered digital care. With 200,000 people treated by Oviva so far, the scaleup aims to use the funds raised to continue to grow its reach to the millions who can use digital diet and lifestyle treatment.

The company plans to scale its technology and make it more accessible to a wider range of people by growing its team to 800 employees by the end of 2022.

“People growth across all functions will be a key focus over the next few months,” says Kai Eberhardt, CEO and co-founder.

“On the one hand, we are keen to enable existing employees to take over more responsibility. And, on the other hand, we are searching for new talent to join us on our journey to help our existing and new patients achieve better health and well-being.”

Oviva, which was founded in 2014, also plans to consider potential M&A opportunities to further grow the business.

Its latest funding round was co-led by Sofina and Temasek, alongside existing investors AlbionVC, Earlybird, Eight Roads Ventures, F-Prime Capital, MTIP, and several angel investors.

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