Social Innovation Fund
Ipiranga Avenue, 6681 Partenon, Porto Alegre, RS, 90619-900, Brazil
Overview
The Social Innovation Fund (SIF) is a public policy instrument to boost impact investment in Portugal. It aims at fostering and supporting social innovation and social entrepreneurship initiatives that offer innovative, impactful and sustainable solutions to tackle societal problems.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Social Impact
Investment portfolio
- Yuvo Health
Participated · Series A · Jun 2023
Yuvo Health provides technology-enabled administrative and managed-care solutions to community health centers and Independent Physician Associations. The company leverages sustainable payment systems, scalable infrastructure, and partnerships within the value-based care ecosystem. Launched in January 2021 and led by CEO Cesar Herrera, Yuvo Health currently serves centers in the Northeast and Midwest with plans to expand into other markets. The firm raised $20.2M in a Series A that brought total capital raised to $27.5M. In conjunction with the financing, Fatima Husain of Mastry Ventures joined the company’s board. Yuvo intends to use the proceeds to enter new markets and pursue additional revenue models. Yuvo Health provides technology-enabled administrative and managed-care contracting services to Federally Qualified Health Centers (FQHCs), helping them unlock revenue via value-based care. The company launched in January 2021 and is based in New York City, led by a fully BIPOC founding team. Yuvo serves the downstate New York market and plans expansion across New York, the Midwest, and the Mid-Atlantic. It will use new financing to expand its downstate New York program, develop proprietary technology tools and platform, and deepen partnerships with FQHCs in greater New York and other markets. Yuvo recently published a guide on value-based care for FQHCs and says it will broaden its team in quality analytics, care coordination, product, engineering, and population-health strategy. The startup positions itself to reduce the administrative and operating burden on community health centers so they can focus on patient care.
- Knokcare
Participated · Seed · Nov 2020
knok, founded in 2015 by José Bastos and Dr. João Magalhães, offers a single platform for secure video consultations and supporting tools for remote patient monitoring using artificial intelligence. The platform enables patients to share symptoms and medical information and allows clinicians to conduct integrated video consults across more than nine medical specialties. knok says its technology is based on data gathered from hundreds of thousands of video consultations and has been used in more than 160,000 consultations. The company is active across 12 countries and serves roughly 30 clients (hospitals, clinics and insurers) with over 3,100 active doctors. The new financing will be used to develop fully integrated telemedicine solutions that leverage 5G to improve access, reliability and collaboration, particularly for remote locations. Management plans to accelerate national and international expansion, strengthening presence in Spain, Brazil and other Latin American markets while opening new markets such as India, the UK and Italy. knokcare is a Porto-based health startup founded in 2015 that offers an application to facilitate access to primary care physicians via video consultations. The platform includes features for multidisciplinary and group consultations, enabling a doctor, patient and a family member or caregiver to participate and share information. knokcare serves more than 1.2 million patients worldwide, with presence in countries such as Brazil, South Africa and Angola, and has partnerships with Europ Assistance, AdvanceCare and Medicare, Grupo Lusíadas Saúde and NOS. It is also an accredited service provider to the UK’s NHS. The team is preparing to enter the Indian and Italian markets and is developing a specific solution for nursing homes in response to pandemic challenges. Recent fundraising will be used to strengthen the sales team and accelerate market entry with differentiated products and services. knok operates an "Uber-style" private healthcare platform enabling patients to access on-demand, in-person medical support at their chosen location. The platform charges €49 for general practice and specialist appointments in Portugal. Launched in December 2015, knok reported an average weekly growth rate of 15% over the past 10 months. The company positions itself on efficiency and affordability while aiming to provide personalized, high-quality care and additional compensation opportunities for junior doctors. knok plans to use the new funding to expand services within Portugal and into other countries. Early traction and the platform's pricing suggest accelerating demand for its on‑demand medical services.
- Nutrium
Participated · Seed · Oct 2020
Nutrium, founded in 2015 in Portugal, offers Nutrium Care, a comprehensive corporate nutrition benefit that pairs 1:1 dietitian support with proactive digital coaching. The platform serves millions of patients and links them to a network of more than 350,000 registered dietitians across over 90 countries. Corporate clients report a three-times return on investment, a 5% average weight reduction within four months, reduced prescription drug usage, and higher employee productivity. Nutrium’s solution is positioned as a lower-cost, higher-adherence alternative to GLP-1 medications for obesity management. The company recorded 400% revenue growth in the last year, underscoring rapid market adoption. With the new capital, Nutrium plans to expand its U.S. presence and forge additional partnerships with health plans and consultants to scale its nutrition care offering.
Team
No current team members are available.