Why We Invested in Salú – Health At Work
Excited to announce our expense along with Softbank (Upload Ventures), Aggir and Norte in the now oversubscribed $2M seed of Salú, which is aiding offer occupational overall health insurance policies in Brazil. They are also concentrating on populace administration and supplementary health and fitness, outsourcing regulatory demand procedures from HR groups by proprietary SaaS. Tau Ventures is an AI-1st fund in Silicon Valley investing principally in seed and we occasionally acquire afterwards bets when we see immense guarantee. We are investing in US / Canada but in outstanding circumstances will take into account a deal exterior, case in issue Brazil which is a sector we know pretty very well. Salú was started in 2020 in São Paulo and amazed us with (1) a powerful have to have, (2) creating an execution-focused crew, and (3) their enterprise acumen.
1) The Will need
Brazil has 210M men and women, creating it the (6th largest populace in the world and 2nd major in the Western Hemisphere. It also spends 10% of its GDP in health care, which is in line with a middle-cash flow nation. But there are broad disparities in healthcare obtain and expenditure with significant undercoverage – only 1 in 4 has non-public insurance policy. In the very last 5 many years the nation also observed the steepest fall in GDP in a century and the next greatest death fee globally from covid, which has strained both of those its public and personal healthcare. All of these are catalysts for payors, vendors and businesses to leapfrog their aged units and undertake a modern-day, electronic-to start with alternative available by Salú.
2) The Workforce
Previous is the least imperfect predictor of the long run and as these types of, we were impressed with the team’s resume – the picture beneath should discuss to it. A lot of of the founders arrived from the banking market exactly where they targeted specially on the health care sector.
3) Organization Acumen
The occupational insurance area is general really fragmented in Brazil. The country does boast of a person of the biggest solitary-payor program in the environment covering all citizens but it is strained. So there is a latent demand ready to be unlocked. Salú so significantly has received dozens of contracts from current suppliers the natural challenge is producing switching costs and loyalty. We have found the team’s target on figures spending off as they now have 120+ customers throughout various segments.
We are honored and energized to be section of Salú’s journey, making use of technological know-how to solve a major issue. More at http://www.salu.com.vc.
Initially released on “Facts Driven Investor,” am joyful to syndicate on other platforms. I am the Handling Lover and Cofounder of Tau Ventures with 20 years in Silicon Valley throughout corporates, very own startup, and VC funds. These are purposely short article content concentrated on sensible insights (I simply call it gldr — superior size did browse). Several of my writings are at https://www.linkedin.com/in/amgarg/detail/latest-activity/posts and I would be stoked if they get people intrigued adequate in a matter to discover in further depth. If this article experienced helpful insights for you comment absent and/or give a like on the posting and on the Tau Ventures’ LinkedIn website page, with because of many thanks for supporting our do the job. All opinions expressed here are my possess.
