Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Home

Marketplace
Database
News
Store
Resources
Contact Us

 

 

News

 

Venture Capital Database 2020 Now Available!

Sober Grid Receives Seed Investment from Launchpad Digital Health

Support Allows Social Network Site for Those with Addiction to Expand Reach

BOSTON, June 6, 2016-- Launchpad Digital Health (LDH), a leading firm focused exclusively on digital health, has announced it has chosen Sober Grid for a seed-stage investment. Launchpad Digital Health is leading the round of financing and Sober Grid will participate in Launchpad's year-long immersive accelerator program. Sober Grid was one of a handful of companies chosen for support by LDH out of some 300 applicants.

"It is humbling to be identified as one of the most promising digital health technologies in the market," said Sober Grid creator, Beau Mann. "By providing a global support community at the touch of a button, we know the Grid can keep people in recovery and away from drugs and alcohol. This relationship with LDH will allow us to reach even more people in need."

Sober Grid, a free mobile app that connects those struggling with addiction to a peer support network on demand, was launched nationally last fall and has already acquired more than 45,000 members. Over the next year, it will work closely with LDH's founders, partners and mentors as critical business decisions are made to successfully meet benchmarks and goals.

"We are delighted to lead the funding for Sober Grid," said Fred Toney, CEO of Launchpad Digital Health, a seed fund and leading digital health accelerator in San Francisco. "Sober Grid fits squarely into our thesis of finding great companies early that can impact the health of people in a fantastic and positive way. Sober Grid can dramatically impact the lives of people in rehabilitation, getting sober and remaining sober by allowing for ongoing direct interaction with clinics and other individuals in their network via its social media platform."

"With the backing and expertise of LDH, we'll be able to fine-tune the app and add additional features, increasing the number of members and further strengthening the community," said Andrew Gelinas, Chief Development Officer at Sober Grid. "As the epidemic of substance addiction continues throughout the country, we believe this tool will play a critical role, providing hope and supporting recovery."

About Sober Grid

Sober Grid is a free mobile app for people in recovery from substance addiction that enables them to access peer support anytime, anywhere.


News Index

Venture Capital Database 

 

 NEWS

Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template
Business Plan Tools

 

Copyright © 1998-2020 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer