MEDvidi
Stage
Late Seed
Raising ($):
3 000 000
Online Mental Health Clinic with Evidence-Based Medication Management & Therapy Treatment Plans.
Video Pitch
Industry 1
Healthcare
Country Inc
UNITED STATES
Transaction
B2C
Pitch Deck
HQ Country:
Industry 2
Health Tech
UNITED STATES
Soft/Hardware
Industry 3
Healthcare Services
HQ City:
San Jose
Number of investors:
Software only
Executive Summary
Top GEOs:
United States
Metrics:
Global ARR ($)
3000000
USA ARR ($)
3000000
CAC ($)
160
LTV ($)
966
DAU
MAU
LTV/CAC Ratio
6
Contacts:
Vasili Razhnou
Alex Kulitski
Julia Guzman
WebSite:
CEO
CTO
CPO
Addition:
Problem
We believe Mental Healthcare should be accessible and affordable to people of all ages, races or material statuses.
Main problems we address:
- Cost of healthcare
- Accessibility
- Stigma
More than 50% of U.S. adults will need mental health treatment at some point during their lifetime.
1 in 5 U.S. adults are currently living with a mental illness, such as an eating disorder, ADHD, depression, anxiety, PTSD, insomnia, etc.
Avarage cost ~ $400 to meet with a psychiatrist.
Solution
MEDvidi creates value, based on patients' needs and goals through highly-personalized mental health treatment via telemedicine.
We bring down the cost up to 5x in comparison to traditional offline MH clinics.
Market
TAM
$69B
The U.S. behavioral health market size in 2020, CAGR of 3.6% in 2020-2028
SAM
$12B
The U.S. behavioral health treated via telehealth
SOM
$600M 5% OF SAM
Competition
Brightline
Betterhelp
Cerebral
Talkspace
MEDvidi is the most affordable mental health solution delivering same-day help
Schedule 2-5 drugs
Same-day visits
Same-day prescription
Affordable Therapy support
Patient diagnostics
Business Model
Pay-per-Visit and Subscription
60% Gross margin
One-time visit Ave $126 check
Subscription $99 per month
Traction
CAC $ 206
LTV $ 966
LTV/CAC 4,7 : 1
RR 61%**
Go-to-Market Strategy
Go-To-Market Strategy
Inbound strategies
Demand generation - paid User Acquisition
Strategic partnerships - labs, pharmacies, insurances, etc.
Sales enablement and Account-based marketing - MEDvidi B2B
Roadmap
March 2022
Late seed $ 3M
Avaliable in 12 states
Development of personalized treatment plans algorithms
30 practitioners 1k New patients
$200K MRR
July 2022
Availiable in 20 States
50 practitioners 2k New patients
Start accepting insured patients
$400K MRR
Dec 2022
MEDvidi B2B
Available in 50 states 150 practitioners
4k New patients
$800K MRR
theRoadmap May 2023
Series A $ 10M
API-connected healthcare
Digital Therapeutic
500 practitioners
8K New Patients
$1.6M MRR
Team
Laura Purdy MD
CMO
Chief Medical Officer at Medvidi. Ex C-level in HIMS/ HERS. Worked for and consulted many telemedicine companies from start-ups to nationwide ops. Licensed in 46 states and active across the virtual health industry.
Vasili Razhnou
CEO
Prior to MEDvidi, Vasili has launched a medical startup that generated $7M annual revenue. Established more than 10 primary care clinics and built a network of more than 500 MDs across the United States.
Alex Kulitski
CTO
Has 13 years of software engineering experience. Founder of SmartIT fintech and healthcare development team for companies like Hubspot. Co-founded ByCard, an e-ticket operator service with annual revenue of $15M.
Fundraising terms
We are raising $3m late seed safe round
Financials
Raising $3M to transform 1M lives and reach $800K MRR in 10 months
60% Customer acquisition
20% Product development
20% Medical operations
