Founder Showcase Recording for Koda Health + Investment Deadline Approaching


Hey Reader,

Thank you to everyone who attended our live showcase event on Monday with Desh Mohan, MD, the Co-Founder & CMO of Koda Health, the Advanced Care Planning Digital Health B2B SaaS platform.

In case you could not make it to the live session we've included a link to the recording below.

Recording Password: "gvcangels2024"

Please also note that the ​deadline to invest in the syndicate is next Friday, March 22nd.

As an accredited member of our exclusive community, you have the ability to invest in this syndicate opportunity.

About Koda Health

Koda Health is a B2B Digital Health platform that guides American Medicare-aged patients through advanced care planning (ACP). ACP is the process of determination and documentation of end-of-life medical and legal preferences, including in situations when patients cannot speak for themselves. Koda automates and minimizes the complexity of ACP, benefiting patients, payers, clinicians, and health care systems. Koda offers two user experiences for patients: 1) a high touch navigator for high risk patients and 2) a Turbotax-like web application to select and document ACP asynchronously. With similar rates of engagement across race and socioeconomic status, Koda is providing a dynamic, equitable solution to the masses that also unlocks new segments.

Koda Health has closed initial contracts with some of the biggest names in healthcare, including United Healthcare, Cigna, and Privia Health. The platform's intuitive design resonates profoundly with its users, boasting an impressive 91% app completion rate once an account is established. This high level of engagement is consistent across diverse segments of race, gender, and socioeconomic status, opening doors to previously untapped market segments. The company’s client net promoter score (NPS) stands at a remarkable 87, with a patient NPS exceeding 80, signaling strong satisfaction and loyalty. Koda's secret sauce lies in its reduced operational lift and dual approach to serving both high and low-risk patients. This primes Koda to ‘land and expand’ as they are awarded greater swaths of their customers' patient populations. In fact, they have already landed an LOI with Houston Methodist the #1 Hospital in Texas for 12 years in a row, for their second product line, Kidney Care.

GoingVC Partners SPV Offering

Koda Health is raising $3M (up from $2M originally due to demand) in an oversubscribed seed extension round at a $19M capped post-money valuation SAFE, including a 20% discount.

Existing investors for the round include: Ecliptic Capital, $125M Austin-based seed round that led the round after investing in the prior round, completing a $1M first close (in bank); Memorial Hermann, the largest not-for-profit health system in southeast Texas; and the Texas Medical Center Ventures.

GoingVC Partners' Allocation: $100,000

Minimum Investment: $5,000

Management Fee: NIL

Carried Interest: 20%

Deadline to invest: Friday, March 22nd 2024

GoingVC Partners has recently partnered with ​Sydecar​, a top-tier trusted industry leader for SPV Entity creation and management. More about Sydecar ​here​.

If you have any questions or would like to see our diligence work, please email investments@gvc.partners

GoingVC

Read more from GoingVC

Hey GoingVC Friends,Picture this: a founder, armed with an innovative idea, and a VC, equipped with the capital and connections, embarking on a journey together. Their relationship, if nurtured properly, can transform this journey into a story of mutual growth and triumph. To turn this potential into reality, VCs must first respect the founders' autonomy, understanding that they are the captains of their ship. Aligning on values and expectations from the outset creates a solid foundation,...

GoingVC Session Reminder For Tonight Lecture on Evaluating Business Models & Key Metrics Taking place tonight at 3 pm PT // 6 pm ET Join us tonight for a live lecture on Evaluating Business Models & Key Metrics hosted by Gautam Kumar (Head of Education & Accelerator Investments at GoingVC) VCs encounter countless business models every day, no matter the firm's industry or focus. Thus, it's important to be able to quickly recognize what business model a given startup has and understand how to...

GoingVC Session Reminder For Tonight Investor Program Onboarding Call for Cohort 14 Taking place tonight at 3 pm PT // 6 pm ET Join us tonight for a session covering in great detail the structures and procedures that will be expected to follow as a participant in the Investor Program hosted by Simona Bali, our Head of the Investor Program. Note, this call is mandatory for you to view to participate in the Investor Program. So whether you join the call or have to watch the recording later on,...