Why We Invested in Salú – Health At Work

Psyched to announce our financial investment together with Softbank (Add Ventures), Aggir and Norte in the now oversubscribed $2M seed of Salú, which is encouraging supply occupational wellbeing insurance plan in Brazil. They are also focusing on inhabitants administration and supplementary overall health, outsourcing regulatory demand from customers procedures from HR groups by proprietary SaaS. Tau Ventures is an AI-to start with fund in Silicon Valley investing principally in seed and we occasionally get later bets when we see huge promise. We are investing in US / Canada but in extraordinary conditions will contemplate a deal outdoors, circumstance in level Brazil which is a sector we know pretty properly. Salú was launched in 2020 in São Paulo and amazed us with (1) a robust have to have, (2) developing an execution-focused staff, and (3) their company acumen.

1) The Need to have

Brazil has 210M men and women, producing it the (6th greatest inhabitants in the entire world and 2nd largest in the Western Hemisphere. It also spends 10% of its GDP in health care, which is in line with a center-money nation. But there are vast disparities in health care obtain and expenditure with important undercoverage – only 1 in 4 has personal coverage. In the last 5 many years the state also noticed the steepest fall in GDP in a century and the next optimum death level globally from covid, which has strained equally its general public and private healthcare. All of these are catalysts for payors, providers and companies to leapfrog their old methods and adopt a contemporary, electronic-very first option available by Salú.

2) The Crew

Past is the least imperfect predictor of the potential and as such, we had been impressed with the team’s resume – the picture beneath need to discuss to it. Several of the founders came from the banking industry wherever they targeted in particular on the healthcare marketplace.

3) Enterprise Acumen

The occupational insurance policies area is over-all very fragmented in Brazil. The state does boast of one particular of the biggest single-payor program in the environment masking all citizens but it is strained. So there is a latent demand from customers prepared to be unlocked. Salú so considerably has won dozens of contracts from existing vendors the all-natural problem is generating switching charges and loyalty. We have viewed the team’s emphasis on numbers paying out off as they now have 120+ clients throughout numerous segments.

We are honored and energized to be section of Salú’s journey, making use of technology to fix a big difficulty. Additional at http://www.salu.com.vc.

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Originally printed on “Info Pushed Investor,” am satisfied to syndicate on other platforms. I am the Handling Spouse and Cofounder of Tau Ventures with 20 years in Silicon Valley throughout corporates, individual startup, and VC money. These are purposely brief articles or blog posts focused on simple insights (I get in touch with it gldr — good length did go through). Several of my writings are at https://www.linkedin.com/in/amgarg/detail/modern-activity/posts and I would be stoked if they get persons intrigued ample in a subject matter to explore in further depth. If this post experienced helpful insights for you comment absent and/or give a like on the short article and on the Tau Ventures’ LinkedIn web page, with due thanks for supporting our operate. All viewpoints expressed below are my have.