VILNIUS, LITHUANIA / ACCESSWIRE / April 28, 2022 / Kilo Healththe second fastest growing technology in Europe, recently signed a deal with Pulsetto, a startup that creates a non-invasive vagus nerve stimulator that reduces stress, calms anxiety and improves sleep quality.
Over several rounds, Kilo Health will invest 500,000 euros in the development of the hardware device and the creation of a mobile application. This is not the first time that Kilo Health has supported Pulsetto – the startup has already received an investment of 50,000 euros in 2021.
“With the first investment of 50,000 euros from Kilo Health, we created a prototype in just 3 months. The most recent injection will allow us to go even faster. We will purchase more equipment and start mass-producing this device. At the same time, we will develop our mobile app and start preparing for its launch later this year,” said Vitalijus Majorovas, CEO and Founder of Pulsetto.
Majorovas plans to pre-launch the product in May.
“Pulsetto was created by experts in technology and mental health. It was clear to us that we would miss something if we did not support their vision. I can’t wait to see what’s next for Vitalijus and his team,” said Tadas Burgaila, CEO and Co-Founder of Kilo Health.
Pulsetto’s hardware device stimulates the vagus nerve in the parasympathetic nervous system. This nerve controls the heart, lungs and digestive system. Stimulating it slows the heart rate and promotes relaxation.
“We are creating a device that uses electromagnetic waves to easily and safely activate the vagus nerve. The user will feel better in just a few minutes. Vagus nerve stimulation has been used in medicine since 1988, but before that it was an invasive procedure. Our solution allows us to deliver the benefits without the need to go into the operating room,” said Majorovas.
This isn’t the first time Kilo Health has funded digital health and wellness projects in recent years. In 2021, Kilo Health invested more than 2 million euros in health startups Medical note, Tyler Healthand Revolab.
About Kilo Health
Kilo Health is a leading digital health and wellness company, with over 4 million customers worldwide. In 2022, it is the second fastest growing company in Europe on the FT 1000 Rankingthe second fastest growing company in Central Europe on the Deloitte Technology Fast 50 listand the most popular employer of 2021 on MeetFrank.
Kilo Health has over 15 innovative digital health products, over 550 colleagues and offices in 5 European cities. The company is also a member of DTx Alliance, Matter Community and HealthXL.
Monika Jura Jakuciuniene
THE SOURCE: Kilo Group, UAB
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