Press release

Oska Health raises €2.5M to launch and expand digital-enabled health coaching for Chronic Kidney Disease patients

FRANKFURT, Mar. 6, 2023 -- Oska Health GmbH, a technology-driven healthcare company, is proud to announce the successful closing of its pre-seed funding round, raising over 2.5 million EUR.

Oska Health focuses on improving care for Chronic Kidney Disease, a major contributor to the growing chronic disease epidemic: 9 million people in Germany and 700 million people worldwide are living with Chronic Kidney Disease.

Oska Health offers evidence-based remote health coaching for people with chronic kidney disease, facilitated by their proprietary health platform. The goal: Supporting patients, easing the workload of physicians, and reducing costs for healthcare payers.

“The integration of health data, behavioural science, and machine learning, will allow Oska Health to continuously optimize the effectiveness of the therapy by creating personalized and adaptable treatment plans.” Niklas Best, CEO Oska Health.

The funding round was led by LBBW VC, with co-investors HessenKapital and Calm/Storm, as well as a group of seasoned business angels from the healthcare industry. “We are delighted to support Oska’s experienced team and improve the lives of those with chronic kidney disease and their families. As a venture capital firm, we are especially proud to fund such a meaningful business model.” Andreas von Richter, Managing Director LBBW VC. The funds will be used to further develop the product and expand Oska's commercial activities.

The three co-founders of Oska Health, Niklas Best (CEO), Claudia Ehmke (CPO), Malte Waldeck (CFO/COO) have extensive experience in the kidney industry and understand the challenges faced by individuals with chronic kidney disease. “We want to make healthcare feel more like ‘you can’, instead of ‘you can’t’ or ‘you mustn’t’. For this, kidney patients need support outside the doctor's office. This is where Oska Health helps.” Says Claudia Ehmke, Chief Product Officer Oska Health.

The company is excited to continue working towards its mission of improving the lives of those living with chronic kidney disease.

About Oska Health

Oska Health delivers digital-enabled care solutions for chronic kidney disease patients, a top clinical need for healthcare payers. By leveraging evidence-based medical best practices and behavioral science, Oska Health aims to empower individuals with kidney disease to mitigate their risk of cardiovascular complications and kidney failure while simultaneously lowering costs of care. The company partners with healthcare payers to provide a comprehensive solution that includes a personal coach, a state-of-the-art health app, and intelligent treatment plan algorithms, all designed to help individuals establish new routines and achieve optimal health outcomes. Visit: www.oska-health.com

About LBBW VC

LBBW Venture Capital (LBBW VC) is the venture capital subsidiary of Landesbank Baden-Württemberg (LBBW). It has been investing in early-stage technology start-ups (seed to Series A) since 1998 and is active throughout the DACH region. LBBW VC has a broad technology focus with an emphasis on digitalisation, deep tech and life sciences. In association with LBBW, it provides start-ups with access to a cross-industry customer network and is a partner in the further scale-up process with the help of later-stage financing, IPOs and M&A. More information about LBBW VC: www.lbbwvc.de

About BMH

BMH Beteiligungs-Managementgesellschaft Hessen mbH, based in Wiesbaden, was founded in 2001 and is a wholly owned subsidiary of Landesbank Hessen-Thüringen Girozentrale (Helaba). As a mid-cap investment and venture capital company, BMH bundles public investment interests and financing instruments for early-stage, growth and medium-sized companies in Hesse. BMH currently manages seven investment funds with a total invested capital of c. € 125m. Since its foundation, BMH has invested in more than 500 companies. The investment focus is among others on the software & IT, life sciences, industrial goods, professional/ digital services and e-commerce sectors. More information about BMH and its funds: www.bmh-hessen.de

About Calm/Storm

Calm/Storm is an exclusive founder network and boutique venture capital firm. They are a fund built by founders for founders. According to Sifted Calm/Storm is the most active early stage Healthtech investor in Europe, with 60+ portfolio companies spread across Europe and North America. They partner with exceptional founders from day one, investing in pre-seed and seed stage ventures that change our life, health and wellbeing for the better. More information about Calm/Storm: www.calmstorm.vc

Media Contacts

Niklas Best, CEO & Co-Founder

press@oska-health.com +49 69 71 04 50 99