Isabelle Kenyon launched Calibrate, a metabolic health solution, to consumers last June. Now, with fresh capital and a board of Silicon Valley heavyweights at her back, Kenyon is working towards making her company a household name.
, grown her team to 52 people, and watched as Calibrate customers started achieving real results on the program.can report, exclusively, that Kenyon has hit a new milestone: Calibrate has raised a $100 million Series B round of funding, co-led by new investors Founders Fund and Tiger Global. Optum Ventures also participated in the round, which brings Calibrate’s total funding to $127.6 million, as did existing investors Forerunner Ventures, Threshold Ventures, and Redesign Health.Forbes.
The close of the Series B also means that Founders Fund partner Brian Singerman will join Calibrate’s board of directors. He describes his decision to invest in Calibrate as one “almost entirely” based on Kenyon and her vision. “What I look for is market execution,” he said. “And usually, especially in cases like this, that involves the founder being top tier.
The customers who are coming to Calibrate’s platform are, on average, 45 years old and overwhelmingly female. Three-fourths of its members are white, and 52% have reported household annual household incomes less than $150,000 . Calibrate charges $129 a month for its full suite of lifestyle coaching and weight management offerings , a rate that is not insignificant for households in this income range.
The other tailwind poised to propel Calibrate’s business, Melton and other advisors note, is the FDA’s approval,, of Wegovy, an injection for chronic weight management. Dr. Donna Ryan, the former president of the World Obesity Foundation and a Calibrate clinical advisor, says that demand for Wegovy has been “extraordinary,” in part because of its positive effect on blood pressure, glucose levels, and “the other metabolic dysfunction that occurs when excess abnormal body weight is reversed.
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