Lithuanian health startup Kilo.Health raised €5M from Danish Nordic secondary fund

Lithuanian health startup Kilo.Health has raised an additional €5M from Danish Nordic secondary fund (N2F). In June 2022, the startup raised €4M from the same investor.

Kilo.Health was founded by Tadas Burgaila and Tadas Langaitis in 2013. It is a business-to-business platform, which helps check employees' health conditions and manage treatment in case of sickness. It has four applications: a diabetes care program Klinio, a cardiovascular health manager Cardi.Health, mental wellness, and weight management programs. For example, the users of the Cardi.Health can get reminders to check vitals and medications, log symptoms, and receive insights with action plans to stabilize their condition.

Startup has more than 5M paying users, primarily in the US. Kilo.Health is also a co-founder and investor in more than 30 digital health products.

Nordic secondary fund is a Danish fund established in 2018 by Peter Sandberg and Frank Lyhne Hansen. NSF buys secondaries (minority and non-public stakes) in Nordic and Baltic companies. N2F has already bought secondaries in the Baltics for more than €30M. Among them are Estonian-Finnish real estate startup Bob W and Estonian Eurora, which develops an e-commerce suite of customs compliance tools.