This Icelandic startup offers gamified digital therapeutics to combat lifestyle-related illnesses; raises €17M

therapeutic

The healthcare industry is still reeling under the massive blow dealt by the COVID-19 pandemic. One subset of the healthcare sector that has witnessed increased adoption in many countries during the lockdown. The reason behind its increased adoption seems to be that it helps people in ways that are cost-effective and compliant with social-distancing guidelines. 

Besides, shareholders, providers, payers, regulators, and investors, almost everyone have signaled their support for these products. According to a report, the global digital therapeutics market is projected to reach $ 6.9B (approx €5.87B) by 2025 from $ 2.1B (approx €1.78B) in 2020, at a CAGR of 26.7% during the forecast period (2020–2025).

Digital therapeutics startup raises €17M

In a recent development, an Iceland-based health-tech startup Sidekick Health has raised $ 20M (approx €17.02M) in its Series A round of funding led by Wellington Partners and Asabys Partners, through its fund SAHII. Existing investors Novator and Frumtak Ventures also participated in this round.

The raised capital will be used for development and validation into new therapeutic areas, to accelerate product development to increase its lead in patient engagement and retention, and to further position itself as the preferred provider to expand pharmacotherapies, thus improving health outcomes.

Dr. Regina Hodits, managing partner at Wellington, and Josep LI. Sanfeliu, managing partner and co-founder of Asabys, will join the board of directors of Sidekick Health, on behalf of the new investors.

About Sidekick Health

Sidekick specialises in the creation of gamified digital therapeutic solutions and programs for chronic and lifestyle disease management across multiple therapeutic areas, ranging from diabetes to ulcerative colitis and smoking cessation

It was founded in 2014 by two medical doctors, Dr. Tryggvi Thorgeirsson and Dr. Saemundur Oddsson. According to the company, the duo had worked for years treating patients with lifestyle-related illnesses.

Sidekick claims that a staggering 68% of all deaths are due to lifestyle-related illnesses and the two co-founders, frustrated with dealing with the consequences, realised that a new approach was needed to prevent and manage chronic illnesses.

Its platform combines an evidence-based clinical approach with behavioral economics and gamification to help global customers expand therapy reach. It claims that people’s lifestyle decisions are driven more by emotion than by logic, as per behavioural research. That’s why the company employs concepts from behavioral economics to engage the emotional part of the brain and trigger positive health behaviors.

Together with pharmaceutical companies and other organisations, Sidekick Health designs personalised lifestyle change programs that improve health outcomes and treatment adherence; connect clinical experts and patient communities; as well as deliver data insights into some of the world’s most pressing health challenges.

Its platform is CE-marked as a Class I Medical Device and is scalable to over 40 distinct chronic diseases, 13 of which are live in 2020.  

Post COVID-19 affect

“The healthcare landscape has shifted significantly this year as a direct result of COVID-19,

accelerating the adoption and demand for digital health solutions. We have grown our customer base sharply in recent months, adding new partnerships with global pharmaceutical firms and leading US-based healthcare organisations,” says Sidekick CEO and co-founder Dr. Tryggvi Thorgeirsson.

According to the company, Sidekick’s platform has adopted to remotely triage and support people in home isolation, diagnosed with COVID-19. In addition to supporting COVID-19 patients, the remote patient monitoring solution of the wider Sidekick platform is now being used in Europe and the US, to support patients with other conditions.

Sidekick Health’s solution is available to patients in Sweden, Finland, Belgium, the Netherlands, Ireland, Switzerland, and Austria.

Image credit: Sidekick Health

Startups – Silicon Canals

This Icelandic startup offers gamified digital therapeutics for lifestyle-related illnesses; raises €17M

therapeutic

The healthcare industry is still reeling under the massive blow dealt by the COVID-19 pandemic. One subset of the healthcare sector that has witnessed increased adoption in many countries during the lockdown. The reason behind its increased adoption seems to be that it helps people in ways that are cost-effective and compliant with social-distancing guidelines. 

Besides, shareholders, providers, payers, regulators, and investors, almost everyone have signaled their support for these products. According to a report, the global digital therapeutics market is projected to reach $ 6.9B (approx €5.87B) by 2025 from $ 2.1B (approx €1.78B) in 2020, at a CAGR of 26.7% during the forecast period (2020–2025).

Digital therapeutics startup raises €17M

In a recent development, an Iceland-based health-tech startup Sidekick Health has raised $ 20M (approx €17.02M) in its Series A round of funding led by Wellington Partners and Asabys Partners, through its fund SAHII. Existing investors Novator and Frumtak Ventures also participated in this round.

The raised capital will be used for development and validation into new therapeutic areas, to accelerate product development to increase its lead in patient engagement and retention, and to further position itself as the preferred provider to expand pharmacotherapies, thus improving health outcomes.

Dr. Regina Hodits, managing partner at Wellington, and Josep LI. Sanfeliu, managing partner and co-founder of Asabys, will join the board of directors of Sidekick Health, on behalf of the new investors.

About Sidekick Health

Sidekick specialises in the creation of gamified digital therapeutic solutions and programs for chronic and lifestyle disease management across multiple therapeutic areas, ranging from diabetes to ulcerative colitis and smoking cessation

It was founded in 2014 by two medical doctors, Dr. Tryggvi Thorgeirsson and Dr. Saemundur Oddsson. According to the company, the duo had worked for years treating patients with lifestyle-related illnesses.

Sidekick claims that a staggering 68% of all deaths are due to lifestyle-related illnesses and the two co-founders, frustrated with dealing with the consequences, realised that a new approach was needed to prevent and manage chronic illnesses.

Its platform combines an evidence-based clinical approach with behavioral economics and gamification to help global customers expand therapy reach. It claims that people’s lifestyle decisions are driven more by emotion than by logic, as per behavioural research. That’s why the company employs concepts from behavioral economics to engage the emotional part of the brain and trigger positive health behaviors.

Together with pharmaceutical companies and other organisations, Sidekick Health designs personalised lifestyle change programs that improve health outcomes and treatment adherence; connect clinical experts and patient communities; as well as deliver data insights into some of the world’s most pressing health challenges.

Its platform is CE-marked as a Class I Medical Device and is scalable to over 40 distinct chronic diseases, 13 of which are live in 2020.  

Post COVID-19 affect

“The healthcare landscape has shifted significantly this year as a direct result of COVID-19,

accelerating the adoption and demand for digital health solutions. We have grown our customer base sharply in recent months, adding new partnerships with global pharmaceutical firms and leading US-based healthcare organisations,” says Sidekick CEO and co-founder Dr. Tryggvi Thorgeirsson.

According to the company, Sidekick’s platform has adopted to remotely triage and support people in home isolation, diagnosed with COVID-19. In addition to supporting COVID-19 patients, the remote patient monitoring solution of the wider Sidekick platform is now being used in Europe and the US, to support patients with other conditions.

Sidekick Health’s solution is available to patients in Sweden, Finland, Belgium, the Netherlands, Ireland, Switzerland, and Austria.

Image credit: Sidekick Health

Startups – Silicon Canals

Taxation for an App that offers digital content. How to implement taxation?

I’m currently developing an App that offers digital content for purchase. I’m planing to use Stripe as a Payment Service but unfortunate Stripe doesn’t offer any help when it comes to taxes. I currently have a few questions:

  1. As a Startup that operates in the EU but offers purchasable content not only in the eu, do I need to care for taxation besides the VAT?
  2. Where do I find help on how to implement taxation? For example how do I determine where the customer is from to apply the correct VAT rate?

Usually the web is full of information when it comes to building similar products but as I experienced, when it comes to taxation, it’s hard to find good information about it. Everyone that uses Stripe must have the same problems as I do, why is it so hard to learn about the technical side of this stuff?

Have you ever build a ecommerce website/app and had to handle the taxes your self? How did you handle it?

Any help and resources about this is appreciated!

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Manic Mondays: Support To Get You Through The Week: Share What You Need Help With, Job Postings, For Hire Offers, or Resources

Welcome to this week’s Support Thread. Please refer to the below suggested formats to get the most out of this thread.

Need Support?

Please use the following format to seek support:

SUPPORT REQUEST

What I am working on: What I need support with: Why I need support with this: My questions to the community: Requested Resources: Relevant URL: [if applicable] Additional Comments: Please add any additional comments that may provide more context around what you need support with so others can provide the most relevant support or guidance to you.

Job Provider?

Please use the following format to post a job listing:

HIRING Company Name and URL: Job Title/Role: Employment Type: [Intern] [Contract] [Part Time] [Full Time] [Remote] Job Description/Responsibilities: Necessary Skills and Experience: Requested, but not necessary Skills and Experience: Job Compensation: Willing to Relocate New Hire: [yes] [no] Job Listing URL: Additional Comments:

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Job Seeker?

Please use the following format to post an offer to work :

FOR HIRE Title/Role: Desired Location: Willing to Relocate: [yes] [no] Remote Availability: [yes] [no] Relevant Skills and Experience: Requested Salary/Hourly Rate: Resume/Portfolio URL: Additional Comments:

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Resource Provider?

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RESOURCE Organization Name and URL: Location Served: Resource Name: Resource Description: Resource URL: Resource Cost:

Do not forget to explore the /r/startups discord. We have many relevant channels to seek support, post job listings, share for hire offers, and share resources. You can also find more support using instant chat on the /r/startups discord.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

This Irish startup offers revenue-based financing for ecommerce brands; bags €6.8M to grow globally

Although the e-commerce industry is booming, there are still some roadblocks on the path of its success and growth. This is where several solutions come to the rescue by helping companies grow their e-commerce sales. One such firm is Dublin-based Wayflyer, which provides brands with revenue-based funds and free analytics.

Bags €8.6M seed funding

Wayflyer, an Irish e-commerce revenue-based financing and marketing analytics platform bagged $ 10.2M (nearly €8.6M) seed capital funding. This investment round was led by QED Investors including ClearScore, Credit Karma, Nubank and SoFi along with Middlegame Ventures and co-investors Speedinvest and Fintech Investment Vehicle FGFE.

The fresh investment will support the global growth ambitions of the company, its ability to continue providing funding for e-commerce platforms and develop its proprietary technology further. This investment comes as Wayflyer scales to meet the heavy demand in the e-commerce industry for its funding and analytics products and services that are ideal for small businesses. Also, the company intends to reach profitability in 2021.

Aidan Corbett, Wayflyer’s CEO and co-founder says that this funding will let them expand their global footprint.

Notably, Wayflyer aims to expand their customer base in the US, the U.K. and Ireland. Also, it aims to strengthen their presence in fast-growing e-commerce markets such as Australia and Canada. A portion of this new capital will be dedicated to improving Wayflyer’s analytics and marketing insights software to be even more responsive and customisable, allowing clients to capitalise upon unseen marketing opportunities.

Pumps funds to growing e-commerce brands

Founded in 2019 by Aidan Corbett and Jack Pierse, Wayflyer helps e-commerce brands meet their potential by providing them with unsecured and affordable capital of up to $ 5M (nearly €3.3M) for advertising and inventory.

According to the company, each Wayflyer advance has a simple one-off fixed fee (typically from 4-12%). This fee helps recover the costs associated with funding the advance and processing your application. It claims there are no origination fees, annual fees, monthly maintenance fees, documentation fees, or hidden fees.

In order to qualify for the advance, as per the company, ecommerce companies must fit into the below criteria:

  • At least 6 months operating history
  • At least $ 250,000 ( nearly €211K)in annual online revenue in the past year
  • Headquartered in USA, UK, Ireland, Australia or New Zealand
  • Can easily spend $ 5,000 – $ 500,000 (€4223 – €422,307)per month in online marketing

Wayflyer claims that it offers a mix of funding and AI-driven marketing insights enabling founders to take control of their businesses and succeed in the infancy stages of their brands.

Main image picture credits: Wayflyer

Startups – Silicon Canals

Revitalize Offers Innovative Way to Soothe Tired Eyes and Reenergize a Tired Mind

We’ve all been there: working or studying long after the sun has gone down, staring at a computer screen with tired eyes and just trying to stay awake and be productive. Late nights often mean reaching for yet another cup of coffee or energy drink, which sounds like a great idea at the time but leaves you feeling jittery. These beverages also do nothing to help dry, tired eyes. Instead of stocking up on caffeinated drinks and eye drops, you could try Revitalize Energy, artificial tears that provide a punch of energy.

Revitalize is designed to soothe your eyes with a moisturizing effect while also providing a boost of energy. Made in a convenient eye drop form, it takes effect instantly, fights tired eyes, and one bottle offers weeks of energy. With just one to two drops in each eye, Revitalize is designed to leave you feeling refreshed.

The product design offers a number of benefits. The compounds in the formula are quickly absorbed through the eye, allowing the energizing effects to kick in instantly on contact. A few seconds after the initial energizing effect following application, the drops provide a refreshing, cooling sensation that soothes the eyes. This cooling sensation is in part due to the rapid absorption of the drops.

When it comes to energy, Revitalize provides plenty. The energizing effect outlasts a cup coffee, but doesn’t last quite as long as a 5-hour product. Each 12ml bottle of Revitalize is approximately a one-month supply, giving you weeks of instant energy.

Features
Revitalize Energy includes a variety of features that support its effectiveness as well as visual appeal.

The active ingredients include hypromellose, tetrahydrozoline HCL, and zinc sulfate.

Hypromellose: Hypromellose is a semisynthetic, inert, viscoelastic polymer that’s used in eye drops to help relieve eye irritation and redness.

Tetrahydrozoline HCL: Tetrahydrozoline hydrochloride is the hydrochloride salt of tetryzoline. It’s a sympathomimetic agent and a vasoconstrictor that helps reduce redness in the eye.

Zinc sulfate: Zinc sulfate is an astringent that is commonly found in over-the-counter eye products and helps reduce eye irritation and redness.

Sleek bottle: No more boring eye drop bottles. Revitalize Energy drops come in a sleek bottle that conveniently fits into your pocket.

American made: Revitalize Energy decided to make their product right here in the USA due to the strict safety regulations here and to support the U.S. economy during this difficult time.

Takes effect instantly: Revitalize drops rapidly absorb through what eye to provide energy and relieve eye irritation on contact.

Fights tired eyes: While caffeinated beverages only focus on the energy aspect, Revitalize Energy soothes dry, tired eyes in addition to proving an energy boost.

Weeks of energy: With average usage, each bottle of Revitalize offers a month’s worth of energy.

Interested?
Late nights may not always be avoidable, but eye irritation and caffeine jitters are. If you’re ready to soothe your dry, tired eyes and get a boost of energy without the dreaded coffee jitters or crash, check out Revitalize Energy at revitalize-energy.com.

Photos
Revitalize Energy

The post Revitalize Offers Innovative Way to Soothe Tired Eyes and Reenergize a Tired Mind appeared first on KillerStartups.

KillerStartups

Manic Mondays: Support To Get You Through The Week: Share What You Need Help With, Job Postings, For Hire Offers, or Resources

Welcome to this week’s Support Thread. Please refer to the below suggested formats to get the most out of this thread.

Need Support?

Please use the following format to seek support:

SUPPORT REQUEST

What I am working on: What I need support with: Why I need support with this: My questions to the community: Requested Resources: Relevant URL: [if applicable] Additional Comments: Please add any additional comments that may provide more context around what you need support with so others can provide the most relevant support or guidance to you.

Job Provider?

Please use the following format to post a job listing:

HIRING Company Name and URL: Job Title/Role: Employment Type: [Intern] [Contract] [Part Time] [Full Time] [Remote] Job Description/Responsibilities: Necessary Skills and Experience: Requested, but not necessary Skills and Experience: Job Compensation: Willing to Relocate New Hire: [yes] [no] Job Listing URL: Additional Comments:

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Job Seeker?

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FOR HIRE Title/Role: Desired Location: Willing to Relocate: [yes] [no] Remote Availability: [yes] [no] Relevant Skills and Experience: Requested Salary/Hourly Rate: Resume/Portfolio URL: Additional Comments:

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Resource Provider?

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RESOURCE Organization Name and URL: Location Served: Resource Name: Resource Description: Resource URL: Resource Cost:

Do not forget to explore the /r/startups discord. We have many relevant channels to seek support, post job listings, share for hire offers, and share resources. You can also find more support using instant chat on the /r/startups discord.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

American Stripe offers $ 200 million to acquire Nigerian startup Paystack – AlKhaleej Today

American Stripe offers $ 200 million to acquire Nigerian startup Paystack  AlKhaleej Today
“nigeria startups when:7d” – Google News

[Neura in CTech] Neura offers governments the behavioral data they need to live with Covid-19

The Israeli company realized that human behavior is the key to understanding the spread of coronavirus and encouraging a change is needed to cope with the pandemic.

Read more here.

The post [Neura in CTech] Neura offers governments the behavioral data they need to live with Covid-19 appeared first on OurCrowd Blog.

OurCrowd Blog

Manic Mondays: Support To Get You Through The Week: Share What You Need Help With, Job Postings, For Hire Offers, or Resources

Welcome to this week’s Support Thread. Please refer to the below suggested formats to get the most out of this thread.

Need Support?

Please use the following format to seek support:

SUPPORT REQUEST

What I am working on: What I need support with: Why I need support with this: My questions to the community: Requested Resources: Relevant URL: [if applicable] Additional Comments: Please add any additional comments that may provide more context around what you need support with so others can provide the most relevant support or guidance to you.

Job Provider?

Please use the following format to post a job listing:

HIRING Company Name and URL: Job Title/Role: Employment Type: [Intern] [Contract] [Part Time] [Full Time] [Remote] Job Description/Responsibilities: Necessary Skills and Experience: Requested, but not necessary Skills and Experience: Job Compensation: Willing to Relocate New Hire: [yes] [no] Job Listing URL: Additional Comments:

Please add any additional comments that may provide more context around the job listing to make it easier for the right people to apply.

Job Seeker?

Please use the following format to post an offer to work :

FOR HIRE Title/Role: Desired Location: Willing to Relocate: [yes] [no] Remote Availability: [yes] [no] Relevant Skills and Experience: Requested Salary/Hourly Rate: Resume/Portfolio URL: Additional Comments:

Please add any additional comments that may provide more context around the job listing to make it easier for the right people to apply.

Resource Provider?

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Do not forget to explore the /r/startups discord. We have many relevant channels to seek support, post job listings, share for hire offers, and share resources. You can also find more support using instant chat on the /r/startups discord.

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Startups – Rapid Growth and Innovation is in Our Very Nature!