Why We Invested in Salú – Health At Work
Excited to announce our expense alongside Softbank (Upload Ventures), Aggir and Norte in the now oversubscribed $2M seed of Salú, which is serving to offer occupational overall health insurance policies in Brazil. They are also focusing on populace management and supplementary wellbeing, outsourcing regulatory demand from customers processes from HR teams through proprietary SaaS. Tau Ventures is an AI-very first fund in Silicon Valley investing principally in seed and we occasionally acquire afterwards bets when we see immense promise. We are investing in US / Canada but in excellent conditions will take into account a deal outdoors, circumstance in position Brazil which is a industry we know pretty very well. Salú was founded in 2020 in São Paulo and amazed us with (1) a potent need to have, (2) creating an execution-focused team, and (3) their business enterprise acumen.
1) The Need to have
Brazil has 210M people, creating it the (6th major populace in the 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-revenue nation. But there are huge disparities in health care accessibility and expenditure with considerable undercoverage – only 1 in 4 has non-public coverage. In the very last 5 years the state also noticed the steepest fall in GDP in a century and the 2nd best death level globally from covid, which has strained both of those its public and private healthcare. All of these are catalysts for payors, companies and companies to leapfrog their previous units and undertake a present day, electronic-very first answer presented by Salú.
2) The Staff
Previous is the minimum imperfect predictor of the long term and as such, we were impressed with the team’s resume – the picture under really should converse to it. A lot of of the founders arrived from the banking marketplace wherever they focused specifically on the health care industry.
3) Organization Acumen
The occupational insurance policies room is all round rather fragmented in Brazil. The place does boast of 1 of the premier solitary-payor procedure in the earth masking all citizens but it is strained. So there is a latent need completely ready to be unlocked. Salú so considerably has won dozens of contracts from current sellers the normal challenge is making switching charges and loyalty. We have observed the team’s target on numbers paying out off as they now have 120+ customers across many segments.
We are honored and energized to be element of Salú’s journey, using know-how to address a massive problem. Additional at http://www.salu.com.vc.
Originally printed on “Facts Pushed Trader,” am delighted to syndicate on other platforms. I am the Controlling Partner and Cofounder of Tau Ventures with 20 several years in Silicon Valley throughout corporates, very own startup, and VC cash. These are purposely quick content articles concentrated on functional insights (I simply call it gldr — fantastic size did examine). Lots of of my writings are at https://www.linkedin.com/in/amgarg/depth/new-activity/posts and I would be stoked if they get persons intrigued sufficient in a matter to discover in further depth. If this posting had handy insights for you remark away and/or give a like on the article and on the Tau Ventures’ LinkedIn web page, with due many thanks for supporting our function. All views expressed right here are my own.
