Portuguese nutrition platform Nutrium raised €4.25 million to continue its expansion across Europe and the US

Nutrium-Team

Nutrium, the digital health startup which set out to re-write the future of clinical nutrition by facilitating and promoting professional nutritional monitoring, just closed a €4.25 million seed funding round led by Indico Capital Partners. The Braga-based startup also welcomes the Social Innovation Fund (SIF) as a new investor, in addition to further participation from all existing investors.

Founded in 2015, Nutrium is already offering one of the most complete and fastest growing professional nutrition software available worldwide, currently supporting more than 80,000 nutrition professionals and 800,000 patients in more than 40 countries.

The Portutuese startup is tackling one of today’s major social problems, such as poor diet and related diseases. With the Nutrium platform, millions of patients will experience the most integrated and effective nutrition counseling service which will combine professional advice, continuous monitoring and seamless access to commercial products.

André Santos, CEO and Co-founder of Nutrium commented: “We are very pleased to welcome Indico Capital Partners as our investors. Their experience, network and ambition will certainly be key for Nutrium to reinforce its position in the global clinical nutrition market. Also, it is with great pride that we see our current shareholders significantly reinforce their confidence in our team and we are very happy that the Social Innovation Fund has joined this round. We are moving closer to our vision of enabling the improvement of eating habits for millions of people globally.”

Existing investors including PRIMAVERA – BSS, Portugal Ventures and SBS StartupBraga all participated in the round. With this funding round, Nutrium plans to double the team size in the next 24 months in order to focus on the development of the platform development and expand global sales. The expansion plan will focus on reinforcing the presence in markets like Spain, France, Italy, USA and the UK where the company already has a strong customer base.