Selvera Secures $1M in Second Funding

Funding Rounds

▤ Summary

Selvera, a New York, NY-based weight management program, recently secured approximately $1m in its second round of funding.The round was led by Stonehenge Growth Equity Innovate NY Fund, L.P., along with other new and existing investors.The company intends to use the funds to bolster its corporate program, which provides its weight management approach through employers and insurers as a way to reduce healthcare and lost productivity costs.Led by Andrew Zengilowski, CEO, Selvera leverages a proprietary wireless monitoring platform and a behavioral counseling protocol to allow people to make lasting lifestyle and habit changes that enable weight loss and long-term maintenance.The program, which incorporates three key factors such us counseling, technology, and meals, pairs each client with a dedicated registered dietitian to remotely monitor progress and proactively intervene and offers weekly video and telephonic counseling sessions.

$ Funding

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Amount $1.0M Total raised
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Date January 21, 2015 Announcement date
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Investors Stonehenge Growth Equity Partners Lead investors
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Company http://www.selvera.com Funded company

▥ Classifications

industries
Fintech & Banking
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▦ Linked Companies

Selvera
up to $1M