18th March 2022
EIT Health-supported Spanish start-up, Hearts Radiant, has successfully closed a €2.4M investment round. The funding round was led by Ship2B Ventures through BSocial Impact Fund, co-invested by the European Investment Fund and Banco Sabadell.
Hearts Radiant are the developers of Rosita Longevity, a personal coaching digital health app for people over 60. It aims to improve their quality of life, helping them to increase their healthy life expectancy and, consequently, reduce the risk of dependence on family and carers. By 2060, in the European Union, five out of ten people in the working population will be over 65 and the level of old-age dependency is expected to double, exceeding 50%.
The Valencian start-up is founded by Clara Fernández, director of the largest Longevity School in Europe, located in the Balneario de Cofrentes (Valencia), Juan Cartagena, and David Gil. They launched Rosita Longevity in 2020, to remotely apply the methodology of the personalised Longevity Plan carried out at the spa. The app is the result of the 20 years of experience of this institution, which has 15,000 users every year and bases its activity on the science of longevity.
The Valencian start-up had already closed a €430,000 round in October 2020 led by JME Ventures that allowed them to launch a beta product in Spain and demonstrate its success. With this new €2.4M investment, Hearts Radiant will improve the app, scale the product, start its monetisation, and begin its internationalisation to the United States.
Hearts Radiant attended last year’s EIT Health Women Entrepreneurship Bootcamp, an acceleration programme for start-ups led by women that provides training and mentoring to encourage and support their business growth. They joined the Bootcamp to find support from EIT Health’s network of innovators and create opportunities with health insurers and agencies, as well as investors for its seed round.
The Women Entrepreneurship Bootcamp is a training programme for entrepreneurs that is part of the EIT Health portfolio and is run by IESE Business School, the National University of Ireland (Galway), and the Instituto Pedro Nunes de Coimbra.
Ec.europa.eu. 2022. The EU in the world – population – Statistics Explained. [online] Available at: <https://ec.europa.eu/eurostat/statistics-explained/index.php?title=The_EU_in_the_world_-_population> [Accessed 18 March 2022].
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