Wellness Foundry closes its new funding round with top investors and advisors
Wellness Foundry announces the first closing of its new funding round. The lead investors of the new round are Courage Ventures and the 2016 Finnish Business Angel of the year, Dr. Leena Niemistö.
As part of the round, Dr. Niemistö and Ambassador Bruce Oreck, a partner at Courage Ventures, will join the company as active advisers along with Marko Yrjövuori, Director of Developement at Hospital Neo Physical therapy and Performance and former trainer for the Los Angeles Lakers. Will Cardwell, also a partner at Courage Ventures, will join as chairman of the board.
“Nutrition counseling plays a key role in preventing chronic diseases as well as achieving optimal performance and health. While there are numerous solutions for counting calories, few digital services exist that enable health professionals such as dietitians to work with their clients in a more effective and engaging way. MealLogger is one of the very few products that offer a digital and truly scalable approach to dietary behavioral change” says Dr. Niemistö.
“Chronic diseases, such as type 2 diabetes and heart disease, account for 86% of all US health care costs according to the US Center for Disease Control. While nutrition plays a key role in treating and preventing chronic conditions, finding long-term solutions has been difficult. Wellness Foundry has been able to create innovative solutions for clients ranging from insurance carriers to health care providers to professional sports organizations”, says Courage Ventures managing partner Will Cardwell.
“We are excited to have Dr. Niemistö and Courage Ventures on board to help us continue our expansion. Their expertise combined with the knowledge and experience of our other advisors provide us with the access and resources we need to expand our service, especially in the US market” says co-founder Michael Quarshie.
About Wellness Foundry
Wellness Foundry is a Finnish-American company with offices in Helsinki and New Jersey. The company’s flagship product, MealLogger (www.meallogger.com), is a digital nutrition coaching platform for use by health and wellness professionals – mainly nutritionists, dieticians and trainers – to help their clients manage weight loss, diabetes, and eating disorders or to optimize nutrition in athletic training.
About Courage Ventures
Courage Ventures Seed Fund 1 invests in startups with innovative digital health, education and environment products seeking to access the US and other international markets. Headquartered in Helsinki, Finland, Courage Ventures has fund partners on the US East and West Coast. www.courageventures.com
For more information, please contact:
+358 50 327 8883
+358 40 514 325
This HBH statement on cookies and related technologies applies to the use of such technologies when you visit this website.
What are cookies and why we use them?
Cookies are small text files stored on your device by websites you visit.
Cookies alone cannot be used to identify you, but they may be linked directly or indirectly to you when combined with other information. In these cases, cookies may be treated as personal data. We make no effort to identify you personally from cookies.
Cookies can either be session cookies (they last only until you close your browser) or persistent (they remain on your computer or device until you delete them). Session cookies are usually used to remember relevant settings of your browsing session. Persistent cookies may typically be used for targeted advertising and gaining insight on how you use our website. We use both session and persistent cookies. Our persistent cookies are set to expire no later than two years after last refresh.
Collect statistical information on the use of our website. This helps us measure the effect of our marketing efforts and guides us in providing you with a better service. Depending on your browser settings, some of this information may also be shared with third-party service providers (e.g. Google Analytics).
Provide relevant content. Cookies allow us to tailor site's content to better match your needs and interests.
Please note that if you disable cookies, some website functionality may be limited.
Essential website cookies
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
Because these cookies are strictly necessary to deliver the website, you cannot refuse them without impacting how our site functions. You can block or delete them by changing your browser settings and force blocking all cookies on this website.
Google Analytics cookies
These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.
If you do not want that we track your visits to our site you can disable tracking in your browser here:
Other external services
We also use different external services like Google Maps and external video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.