Virta Health was launched with the goal of reversing type 2 diabetes in 100 million people by 2025. Disruptor50
Funding: $73.8 million Industry: Health care, diabetes treatmentsMore than 100 million people in the U.S. live with diabetes or pre-diabetes, and that number is growing. Virta Health co-founder and CEO Sami Inkinen decided to do something about that. In 2011 the avid exerciser and co-founder of the real estate listings company Trulia won his age group at the Ironman 70.3 World Championships. He also found out he had pre-diabetes.
The Virta Treatment plan costs $370 per month , but an increasing number of employers and health plans are picking up the costs for those individuals enrolled. So confident is Virta that its treatment model works, the company announced a new payment model for its institutional customers last year. Health insurers and self-insured companies only have to pay for patients on the program who have improved health outcomes.
So far, Virta has raised $82 million, including a $45 million Series B round from investors including Venrock, Obvious Ventures and Founders Fund.
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