companies

Palta Exit Candidate

Founded 2016
Employees 500+
Primary contact
1 St Katharine's Way
E1W 1UN London
United Kingdom
Links
https://palta.com/
Sections
🏦 Potential exit path: SPAC, M&A
Palta helps cofound and build companies, but it isn't a VC or an accelerator. Rather, it works as a cofounder for health and wellness startups, offering services such as financing (up to Series B), marketing guidance, access to professionals in tech and life science, in-house recruiting, and legal support. Palta, in turn, gets a 51% stake in the company. Palta's portfolio of digital health companies includes the women's health app Flo; Simple, a digital behavioral health and nutrition tool; and Zing Coach, an AI-backed fitness coach; among others.
Founded 2016
Employees 500+
Primary contact
1 St Katharine's Way
E1W 1UN London
United Kingdom
Links
https://palta.com/
Sections

Funding 💰

Total $139M
Last round 🔗 $100M
Series B
August 3, 2021.
Select investors VNV Global, Target Global

Key people 🧑‍🤝‍🧑

Highlights ⭐

  • Multi-market offering: Palta is active in many high-growth markets and in some, its companies are leading the market.
  • Award-winning portfolio: During the years, Palta's businesses have won different accolades and awards.
  • Ambitious roadmap: Palta is aiming to create more products like Flo that will top the mobile app stores. It has proven capabilities and a team in place to support further growth of the ecosystem. The Series B financing from August 2021 is meant to enable the company to realize its vision of improving the consumer experience in the health and wellness sector. 🔗
  • Good M&A candidate: Palta's portfolio looks like an ideal target for tech giants looking to enter or expand into the wellness space as well as private equity firms.
  • Media love: Palta's apps have been featured in many of the leading media outlets, including TechCrunch, Business Insider, Entrepreneur, Bloomberg, and more.

Quotes 💬

“
Mobile and preventative health services are the future of the health industry. As a result, Palta has proven its capabilities to develop and scale its wide range of leading mobile subscription products. This is why VNV backed Palta because of their proven track record of success with products like Flo.Health and Simple Fasting that are delivering real word results to over 100 million global consumers.
— Per Brillioth, CEO of VNV Global 🔗
Last update: August 16, 2022