Good information for European startups with a well being or wellness bent. Joyance Partners, a $20M US VC agency that invests in early-stage startups within the well being and ‘better living’ area is launching into the European market with a devoted European accomplice.
The transfer could possibly be seen as benefiting from leaps within the functionality of European startups, particularly within the well being and AI area.
To lead its European efforts, the fund has appointed Paolo Pio as managing director of Joyance Partners Europe. Paolo was most just lately head of product and enterprise improvement at Cisco for Europe, after which Asia/Pacific. He has additionally been an lively angel investor.
“The European startup scene is growing rapidly, and it needs funds like Joyance to provide the kind of support and capital necessary at the very early stages,” mentioned Pio.
“We’re extremely pleased with the companies we’ve seen in the US and are excited to expand our search for companies that contribute to individual health and happiness to Europe,” mentioned Mike Edelhart, managing accomplice of Joyance Partners in an announcement.
Joyance launched in 2017 and has since remodeled 50 investments associated to the rising science of well being and happiness. These embrace private thermostat Embr Labs; on-body fluidics lab Epicore Biosystems; microbiome chief DermBiont; medical AI innovators Gyant and Lark Health; NeoSensory, which lets one human sense stand in for an additional; feminine pleasure merchandise maker Unbound; and Wynd Technologies, which delivers pure air to people or teams.
Another funding, NeoSensory, raised $14.2M, and focuses on sending quite a lot of knowledge streams to the mind through the sense of contact.
Joyance can be including two different new crew members to bolster its exercise. Holly Jacobus (Investment Partner, NY) and Jun Deng, PhD (Investment Partner, Silicon Valley).
The agency has a selected description for a majority of these investments. They name them “delightful moments — the small quanta of time that brings greater joy, confidence, calm, control, and absence of anxiety or pain.”
So far so hippie, however Joyance says that analysis more and more notes a connection between happiness and well being, such because the long-noted results of job stress on well being, and the coloration between optimistic feelings and longer and more healthy life.
In a 2010 research launched within the European Heart Journal, for every one-point improve in optimistic feelings a affected person had expressed, their coronary heart illness danger was 22 p.c decrease.
So get being completely satisfied, individuals.
(Photo by Form on Unsplash)
