Nationwide Ventures has invested in the $30 million Series A round for Vesta Healthcare, while also partnering with KINETIC. This is part of Nationwide’s commitment to invest more than $100 million of venture capital in customer-centric solutions.
Vesta Healthcare, which is headquartered in New York City and was formerly called HT Health, improves health outcomes for seniors by connecting in-home caregiver insights, analytics and 24/7 telehealth with the patient’s care team. The Series A funding will be used to expand product development, engineering, and sales and marketing as well as to support new market expansion.
KINETIC, also based in New York City, is making a smart wearable device and software platform designed to reduce workplace injuries. KINETIC has been deployed to over 21,000 workers at over 150 locations, including six Fortune 50 companies. Through the Nationwide partnership, KINETIC expects to dramatically expand its reach.
Nationwide’s venture capital team has made several recent investments, including Upstream Security, Socotra, Betterview, Nexar, BlueVine, blooom, Insurify, Next Insurance, Matic and Sure.
Nationwide, a Fortune 100 company based in Columbus, is one of the largest diversified insurance and financial services organizations in the United States.
