Last deal

$25K

Amount

Seed

Stage

30.06.2020

Date

3

all rounds

$25K

Total amount

date founded

Financing round

General

About Company
VIT is a health and safety company that uses smart technology to create products that help you better understand your body.

Industry

Sector :

Subsector :

Also Known As

VIT Initiative, Inc., VIT

founded date

01.09.2015

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

Their wearable device tracks lifting form and fatigue levels of workers, identifies high-risk factors and actions that lead to injury, and helps businesses increase operational efficiency and boost employee safety compliance while decreasing injury costs. VIT also helps companies eliminate paper processes, increase productivity, and reduce injuries before they happen, with a focus on reducing musculoskeletal disorders, the #1 cause of disability in the US and world. Their scalable solution has helped small and large organizations optimize their workflow and reduce injuries, resulting in a healthier and more productive workforce.
Contacts

Phone number

Social url

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M&A Details
1

Transaction name

Acquired by

SWORD Health

announced date

05.10.2021

Financials

Funding Rounds
5
3

Number of Funding Rounds

$25K

Money Raised

Their latest funding was raised on 30.06.2020. Their latest investor Startbot. Their latest round Seed

Date 
Funding Round 
Investors 
Money Raised 
Lead 
30.06.2020
1
$25K
19.12.2019
2
13.12.2016
1
Co-Investors
Investors
6
1

Number of lead investors

6

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Seed
No
Non-equity Assistance
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Nick Dougherty

Nick Dougherty

Nick is the Managing Director for MassChallenge HealthTech, a digital health​ accelerator program in Boston Massachusetts that addresses healthcare challenges through demonstration projects led by startups, governments, universities, and preeminent healthcare organizations and institutions. MassChallenge HealthTech generated over 270 partnerships in its first three years, impacting millions of patient lives and helping entrepreneurs generate millions in revenue and funding.​Prior to MCHT, he was at VerbalCare, a 2013 MassChallenge Finalist, where he designed patient-centered communication platforms for providers and both verbal and nonverbal patients to improve shared decision making, healthcare management, and patient engagement. Nick served as Co-Founder and CEO before being named General Manager in 2015 after VerbalCare was acquired by Medical Specialties Distributors.​In addition to MassChallenge, Nick also serves as the co-chair of Together.Health, an organization focused on driving ecosystem-to-ecosystem collaboration to accelerate the adoption of innovative health solutions. He also guest lectures at Boston University on topics including healthcare and entrepreneurship.​Nick is a graduate of Boston University where he received his Bachelor's Degree in computer systems engineering and is professionally certified in 3D animation and graphic design. He also recorded a full-length album (available on iTunes and Spotify under the band name "Aquell").

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People

Founders
2
Connor Young
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Connor Young As a software engineer, he has spent the past two summers developing software for companies working in the healthcare space. With a passion for software and health, his work has become the perfect blend of the two. When he's not hard at work, he's probably playing soccer or enjoying a good novel.

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Andy Chan
Andy Chan

Andy Chan

Andy Chan With a background in electrical engineering, he invented a way to capture solar energy using a 3-D solar panel that won him an award from VIT. With his entrepreneurial spirit, Andy set out to change the world with VIT. Outside of work, Andy is an accomplished musician and muses about life.

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Employee Profiles
4
John Frazier

John Frazier

Channel Marketing Consultant

Andy Chan

Andy Chan

Co-Founder & CEO

Connor Young

Connor Young

Co-Founder & CTO

Activity

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