SaaS startups have become the darling of Venture Capital investors, especially in the Therapeutics industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 2 VC funded SaaS startups in the Therapeutics industry.
Through the creation of VR-based therapeutic tools and games, CUREosity hopes to transform conventional rehabilitation for those with neurological and mental impairments. To enhance the cognitive, sensory, and motor rehabilitation, CUREosity offers the CE-certified medical device CUREO, a treatment system. Patients are motivated to engage in high-frequency training and, as a result, experience rapid therapeutic results by being immersed in new worlds with various situations and gaming aspects. With CUREO, several patients can get therapy from only one therapist, allowing for the most effective use of clinic resources. On November 26, 2018, in Düsseldorf, Thomas Saur, Stefan Arand, and Marco Faulhammer established CUREosity.
One in four individuals globally are affected by mental illness, which has become the major health issue in recent years. Brazil has the world's most worried, second-most stressed, and fifth-most depressed population, according to the WHO. An annual $1 trillion cost to the world economy results from not treating mental health illnesses Additionally, the cost of missed production due to mental illness reaches $63 billion for Brazilian businesses. Providing employees with mental health support benefits organizations' bottom lines (4x ROI). Covid-19 has increased the use of online treatment, and psychological assistance is now a crucial component of luring and keeping the top talent. The mental health and welfare of employees is being impacted by Vittude, which has more than 70 corporate clients like Grupo Boticário, Raia Drogasil, SAP, Microsoft, Olist, Resultados Digitais, Warren, 99, and others. With more than 3 million unique visits each month, Vittude is also the top in Latin America for mental health content (5x bigger than 2nd player).