Fired up to announce our financial commitment alongside Softbank (Upload Ventures), Aggir and Norte in the now oversubscribed $2M seed of Salú, which is helping offer occupational wellbeing insurance policies in Brazil. They are also focusing on population management and supplementary health, outsourcing regulatory desire processes from HR teams as a result of proprietary SaaS. Tau Ventures is an AI-initially fund in Silicon Valley investing mainly in seed and we from time to time just take later bets when we see immense promise. We are investing in US / Canada but in outstanding conditions will consider a deal outside the house, scenario in position Brazil which is a market place we know pretty perfectly. Salú was established in 2020 in São Paulo and impressed us with (1) a strong require, (2) making an execution-targeted crew, and (3) their small business acumen.
1) The Want
Brazil has 210M men and women, creating it the (6th biggest inhabitants in the world and 2nd major in the Western Hemisphere. It also spends 10% of its GDP in healthcare, which is in line with a middle-money country. But there are broad disparities in healthcare obtain and expenditure with sizeable undercoverage – only 1 in 4 has non-public coverage. In the last 5 many years the place also noticed the steepest fall in GDP in a century and the next maximum dying amount globally from covid, which has strained both its public and non-public health care. All of these are catalysts for payors, providers and employers to leapfrog their old programs and undertake a present day, digital-initially alternative available by Salú.
2) The Team
Earlier is the the very least imperfect predictor of the upcoming and as this sort of, we had been impressed with the team’s resume – the image under need to speak to it. Many of the founders arrived from the banking marketplace where by they focused especially on the healthcare marketplace.
3) Small business Acumen
The occupational insurance plan house is in general quite fragmented in Brazil. The state does boast of one particular of the premier single-payor procedure in the world covering all citizens but it is strained. So there is a latent demand from customers completely ready to be unlocked. Salú so far has gained dozens of contracts from current vendors the normal problem is building switching prices and loyalty. We have found the team’s emphasis on figures paying out off as they now have 120+ shoppers throughout many segments.
We are honored and fired up to be section of Salú’s journey, applying technologies to fix a significant trouble. More at http://www.salu.com.vc.
Originally published on “Data Pushed Investor,” am happy to syndicate on other platforms. I am the Managing Companion and Cofounder of Tau Ventures with 20 many years in Silicon Valley across corporates, have startup, and VC money. These are purposely brief content concentrated on sensible insights (I get in touch with it gldr — good duration did study). Numerous of my writings are at https://www.linkedin.com/in/amgarg/element/recent-exercise/posts and I would be stoked if they get persons intrigued ample in a subject matter to discover in more depth. If this report had beneficial insights for you comment away and/or give a like on the report and on the Tau Ventures’ LinkedIn site, with owing thanks for supporting our perform. All thoughts expressed in this article are my individual.