Category: Eurazeo

Kaia Health grabs $75M on surging interest in its virtual therapies for chronic pain and COPD



New York headquartered Kaia Health, which offers AI-assisted digital therapies via a mobile app for chronic pain related to musculoskeletal (MSK) disorders and for Chronic Obstructive Pulmonary Disease (COPD), has raised a $75 million Series C.

The round was led by an unnamed leading growth equity fund with support from existing investors, including Optum Ventures, Eurazeo, 3VC, Balderton Capital, Heartcore Capital, Symphony Ventures (golfer Rory McIlroy’s investment vehicle), and A Round Capital.

The funding fast-follows a $26M Series B closed last summer. The pandemic has accelerated the uptake of telemedicine, generally — and Kaia has, unsurprisingly, seen a particular surge of interest in its virtual treatments.

After all, DIY home working set-ups are unlikely to have done much good for the average information worker’s back in the pandemic-struck year. Kaia’s real-time feedback generating motion coach is also able to offer treatment for neck, hip, knee, shoulder, hand/wrist, and foot/ankle pain.

A digital health solution may have been the only lockdown-friendly option for treating conditions considered ‘elective care’ during COVID-19 — meaning suffers of chronic pain may have faced restrictions on accessing physical healthcare provision like in-person physiotherapy. Kaia says it grew its business book 600% in 2020.

Given the U.S. healthcare sales cycle is heavily focused on January onboarding of new medical benefits by employers — who are key customers for Kaia in the market, where it now has around 50 employer and health plan clients — it’s expecting another big onboarding bump next January. And while it hadn’t (Read more...)

Fulfilment startup Cubyn raises €35M to expand across Europe



Cubyn, the Paris-based logistics startup that lets e-merchants outsource fulfilment and delivery logistics, has raised another €35 million in funding.

The round is led by Eurazeo and Bpifrance Large Venture, with participation from First Bridge Ventures and Fuse Venture Partners. Existing backers DN Capital, 360 Capital, Bpifrance Smart Cities fund and BNP Paribas Développement followed on.

Cubyn says it will use the new funding to double its team of 85 to more than 170 employees by the end of 2021, and deploy its service more internationally. First up is Spain and Portugal (launching next month), followed by Italy, the U.K. and Germany.

Impressively, the company will open a 25,000 square meter “automated” facility in the Paris area in the coming months as it looks to drive down costs and delivery times.

Originally offering pickup and delivery only, 18 months ago, shortly after Cubyn raised €12 million in Series B funding, the company launched “Cubyn Fulfilment,” seeing it enter fulfilment too.

Described at the time as a fully integrated solution that covers the entire fulfilment process, including keeping stock in Cubyn’s warehouses, it set the company up to grow off the back of an e-commerce boom, prompted not only by the pandemic most recently but also the continuing D2C and marketplace trend. For example, marketplaces Back Market, Rakuten, Mirakl and Fnac are currently using Cubyn.

Its proprietary technology aims to streamline merchant logistics, “ranging from web apps to advanced (Read more...)