Osana Salud raises $20M to construct API-connected infrastructure for the LatAm healthcare business
Osana Salud, which goals to remodel the healthcare infrastructure in Latin America, has closed on a $20 million Sequence A spherical of funding led by Common Catalyst.
The Argentina-based, but totally distant, startup was based in 2019 — just some months earlier than the pandemic. Since launching lower than a yr in the past, Osana says it has secured contracts with medical insurance companies and suppliers that collectively serve greater than 6 million sufferers within the area. For instance, it’s working with Sanatorio Güemes and PAMI, which has a community of 5 million sufferers, amongst others.
Quiet Capital, Preface Ventures, FJ Labs, AforeVC and K50 Ventures additionally put cash within the newest spherical, which brings Osana’s whole raised over its lifetime to $26.5 million. Lee Fixel’s Addition can also be an investor.
CEO Andre Lawson advised ahosti he was impressed to begin Osana Salud as a result of an estimated 50% of Latin America doesn’t have entry to high quality healthcare. So he teamed up with COO Jorge Lopez to discovered the corporate to assist change that. President Charu Sharma (the one staffer who’s U.S.-based) and CTO Hugo Martin joined at a later date.
“Our imaginative and prescient is to allow inexpensive and accessible healthcare for each individual in Latin America by leveraging know-how,” Lawson stated.
Particularly, Osana Salud is constructing an API-connected infrastructure to assist the area’s healthcare business provide a affected person expertise that provides “larger comfort, outcomes and worth,” Lawson advised ahosti. Its preliminary focus is on constructing options for telehealth, pharmacy and diagnostics.
For instance, he stated, Osana needs to make it sooner and cheaper for healthcare gamers to construct options which can be “secure, safe and work together properly” with different well being programs. With that in thoughts, the corporate has tapped medical doctors and engineers to design that infrastructure.
“The purpose is to empower the following technology of healthcare suppliers in constructing patient-centric options with the potential to positively influence the healthcare experiences and outcomes for a whole lot of hundreds of thousands of individuals,” Lawson stated.
Prior to now eight months, Osana has grown from 4 to about 50 folks, and it expects to have over 250 workers within the subsequent yr. Regardless of not fairly being two years outdated, the startup believes it’s already grown to be Latin America’s greatest telehealth firm.
Sharma advised ahosti that regardless of residing in Silicon Valley, she was drawn to the corporate’s mission and located the potential to “massively rework healthcare for an entire continent” interesting.
“Within the U.S. tech ecosystem, we concentrate on first-world issues loads, however an rising market like LatAm gave me the chance to make a significant influence at a really primary human want stage,” she stated. “Because the saying goes, expertise is equally distributed however alternative isn’t.”
Actually, as proof that distant work won’t ever be the identical after COVID, neither Sharma nor Martin have met Lawson or Lopez in individual.
The brand new capital will partially go towards accelerating the corporate’s product roadmap, Lawson stated, and serving to it increase to Brazil and Mexico, the place it has seen “robust inbound curiosity.” However primarily, it will likely be used for hiring.
The timing of the corporate’s inception was good. The pandemic make clear the fractures of the healthcare system in Latin America, Lawson believes. It additionally gave the business the chance to indicate the advantages of a “digital first” method, he added. And as soon as folks bought a style of it, they needed extra.
In consequence, Osana says it has seen an enormous bump each within the variety of shoppers and within the utilization of its know-how platform amongst current ones.
“Moreover, COVID-19 created urgency for healthcare suppliers, which resulted in very brief gross sales cycles for us,” Lawson stated.
Hemant Taneja of Common Catalyst stated the startup’s thesis aligns “completely” together with his agency’s thesis round healthcare. Taneja himself can also be a co-founder and government chairman of San Francisco-based Commure, a venture-backed startup which can also be constructing software program infrastructure aimed toward remodeling the healthcare area.
“The healthcare infrastructure panorama in Latin America is extremely fragmented,” he advised ahosti. Most software program distributors are small or medium-sized native distributors, who haven’t crossed into different Latin American geographies, Taneja identified.
“Osana has a wide range of options for suppliers, payors and the pharmaceutical business which can be customizable and modular to create really customized experiences — whatever the area in Latin America,” he stated. “They are often an vital unifier in a very fractured market.”