Tim, Bill, and Polly Draper are back to find investment-worthy companies. In this week's episode, the Draper family invit...
Problem
Wellness solutions aren't personal
Personalized wellness is a big deal for many people. After all, each body is unique and has different considerations. Unfortunately, truly personalized nutrition and wellness advice can be expensive and hard to come by, and many available apps aren’t able to capture the necessary data to provide good recommendations for each user. This leaves many people lost between seeking a professional nutritionist and relying on inaccurate apps to track and manage their wellness goals.
Solution
Vivoo: a personalized wellness assistant at your finger tips
Vivoo is a wellness assistant that gives personalized nutrition and wellness information to users. We use urinalysis test strips to collect real and accurate data about each user. From there, we provide a highly personalized and accurate analysis of your body’s data to provide user-specific wellness advice. From which foods to eat (or avoid), to how much water you need to drink, and more, our wellness tips are based off your actual health and body's needs.
Product
What can you track with Vivoo?
It only takes a few minutes to take your test and get your results in the comfort of your home
Are you ready to get your personalized advice with a simple urine test?
Traction
Over 100k of strips shipped
Vivoo has gotten a great response from our consumer base. We’ve created a community of 30K+ people, 20K of which are users with an average of 2 tests per person. We’ve shipped 100k wellness packs by today -- that’s a 30% month-over-month growth in users. We’ve also secured a number of partners reaching 100+ affiliates and 50+ gyms around the country.
Customers
For those who want to take their health into their own hands
Our target customer is a health-conscious individual looking to make real changes in their lifestyle. Our goal is to make health analysis personal and more importantly affordable so that everyone can have access to important advice while on their quest for better health.
Business model
Subscription or one time purchase
Vivoo offers our customers a variety of ways to purchase our product. The first is subscription-based, starting at $7.99 for 12 months or $15.99 for 3 months subscription. We offer subscription packages because we understand that our customers are interested in monitoring their health long term, making it easy for them to keep track of their health. People looking to just try out Vivoo can buy a one time pack at $24.90 to see if Vivoo works for them.
Market
$10B market for personalized nutrition alone
Vivoo is at the epicenter of a $122B+ mobile health market. For personalized nutrition alone, the market is valued at $10B. With Vivoo, we can access any market related to health and nutrition, personalized nutrition advice, and mobile health apps.
Competition
Going right to the experts
Vision and strategy
Direct Amazon ordering for personalized supplements
Vivoo has clear and concise goals for the next two years. By reaching our investment goal, we have expanded our shipping through Amazon and have launched a new live chat option with nutritionists. Based on these conversations, we are also planning to develop nutritional supplements that can be personalized for each used based on their needs.
Funding
Vivoo wins Meet the Drapers
We are so thrilled that Vivoo has won Meet the Drapers, Season 3 and been awarded $150,000USD in prizemoney.
Billionaire Tim Draper invests $1M in Vivoo
Tim Draper, the Silicon Valley Billionaire who has previously funded Tesla, Hotmail, Skype, SpaceX, Twitch, Robinhood and several other unicorns has invested in Vivoo.
On December 19, 2019, Vivoo closed its Series Seed Round with lead investor Tim Draper who invested $1M through Draper Associates.
Over $2M in funding to date
Vivoo has received over $2M in funding from prominent investors such as Draper Associates with pre-seed from 500 Startups and we're graduates of Techstars.