202318 Jan

Health tech startup Prescribe FIT raises $4M in oversubscribed seed round; welcomes former Cardinal Health CEO to board

Summary

Remote monitoring and virtual lifestyle health startup Prescribe FIT recently closed an oversubscribed $4 million series seed round led by Tamarind Hill, a venture capital firm investing in tech-driven healthcare and supply chain companies. The orthopedic weight loss startup closed their seed round soon after welcoming several new, high-profile board members, as well as expanding coast-to-coast to states including Florida, Arizona, Hawaii, and others; a move that increased their number of prescribing providers 20-fold. Additional fundraise participants include the Grote family—owners of Donatos Pizza and longtime Prescribe FIT investors—as well as practicing orthopedic surgeons and other notable business leaders such as Mike Kaufmann, the most recent CEO of Fortune 15 pharmaceutical and medical supply distributor Cardinal Health. Joining Prescribe FIT’s board of advisors is Howard J. Luks, MD, renowned orthopedic surgeon and sports medicine specialist and author of the book, “Longevity...Simplified,” a practical guide to living a longer, healthier life. With the conclusion of their first series seed round, Prescribe FIT CEO and founder Brock Leonti said the company now has its sights set on future financing, with plans to further their momentum in customer acquisition and rapidly scale patient engagement.

Source: Prweb

Funding

$4M
Amount
Jan 18 2023
Date
-
Investor
cardinalhealth
Company

Classifications

Companies