The leading nutrition platform will reinforce its presence across Europe and the US.
Braga, 29th of October 2020 - Nutrium, the digital health startup which is re-writing the future of clinical nutrition by facilitating and promoting professional nutritional monitoring, has just announced a €4.25 million Seed round led by Indico Capital Partners. The company also welcomes the Social Innovation Fund (SIF) as a new investor, in addition to further participation from all existing investors.
Since its Pre-Seed funding round in October 2017, Nutrium has significantly developed its product and commercial strategy. As a result, Nutrium is now offering the most complete and fastest growing professional nutrition software available worldwide, currently supporting more than 80,000 nutrition professionals and 800,000 patients in more than 40 countries.
Nutrium is tackling one of today’s major social problems, such as poor diet and related diseases. With the Nutrium platform, millions of patients will experience the most integrated and effective nutrition counseling service which will combine professional advice, continuous monitoring and seamless access to commercial products.
André Santos, CEO and Co-founder of Nutrium commented: “We are very pleased to welcome Indico Capital Partners as our investors. Their experience, network and ambition will certainly be key for Nutrium to reinforce its position in the global clinical nutrition market. Also, it is with great pride that we see our current shareholders significantly reinforce their confidence in our team and we are very happy that the Social Innovation Fund has joined this round. We are moving closer to our vision of enabling the improvement of eating habits for millions of people globally.”
Stephan Morais, Managing General Partner at Indico stated that: “Nutrium will become a full fledged platform bringing together nutritionists, patients, products and wellness data that will enable healthier and happier lives. We are pleased to back this jointly developed vision with capital and knowledge.“
Marco Fernandes, President at PME Investimentos commented: “The Social Innovation Fund is fully aligned with the vision of Nutrium and we believe the impact of the digitalisation of the nutrition industry can have a tremendous positive impact globally. “
Existing investors including PRIMAVERA - BSS, Portugal Ventures and SBS StartupBraga all participated in the round. José Dionísio, Co-CEO of PRIMAVERA BSS noted that: "We backed Nutrium right at the start, when it was a group of young entrepreneurs with a great vision in a few slides. We are happy to have believed our gut feeling trusting their purpose of changing the world through better nutrition.”
Rui Ferreira, Vice President at Portugal Ventures stated that: “In 2017, when Portugal Ventures invested in Nutrium’s pre-seed round, the company was mainly present in two markets. Today, Nutrium operates in more than 40 markets, having increased its turnover exponentially. We are proud to accompany Nutrium's international expansion, continuing to contribute to the acceleration of this unique business in the field of nutrition platforms and nutritional advice.”
With this investment round, Nutrium plans to double the team size in the next 24 months in order to focus on the development of the platform development and expand global sales. The expansion plan will focus on reinforcing the presence in markets like Spain, France, Italy, USA and the UK where the company already has a strong customer base.