Utah Business
Tula Health, with offices in Farmington and Ogden, Utah, recently raised $24.1 million in debt and equity financing from two venture firms, Springtide Ventures, and Sandbox Capital Advisors. Springtide is a health tech venture firm based in Utah and Boston, and Sandbox Capital Advisors is based in Salt Lake City, Utah.
Tula Health creates behavioral change guidance via on-call support, and supporting hardware and software, shown below, to help their customers manage chronic health conditions such as type 2 diabetes currently the company’s primary focus. Customers receive a smartphone with an FDA-approved glucometer built-in, along with a smartwatch and supplies for glucose testing. A health coach uses the information received from these devices to help customers track and regulate their blood sugar levels.
Zavain Dar, Lux Capital
Altitude Lab, a healthcare and life sciences incubator founded in 2020 by Recursion and The University of Utah s PIVOT Center, fills the critical role of attracting and supporting underrepresented entrepreneurs. The incubator focuses on developing diverse and inclusive businesses to innovate lower cost, higher quality, and more accessible healthcare solutions. Altitude Lab s first cohort includes nine minority or women founders, who are tackling everything from personalized chemotherapy strategies and cancer therapeutics to developing novel platforms to diagnose and triage liver disease. Lack of access to top-tier investors is a crippling gap for founders in nontraditional geographies or of underrepresented backgrounds, explained Chandana Haque, executive director of Altitude Lab. Support from experienced investors can completely change the trajectory of a startup. It s our mission to connect founders from all backgrounds to the capital and resources that
Everything you want to know about working digitally
Superfast Business Wales answers the most frequently asked digital-related questions by businesses
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Superfast Business Wales is a national, fully-funded business support programme for SMEs across Wales
Throughout the pandemic, digital platforms have been a lifeline for small business owners, helping them stay in touch with customers, sell online, and keep their business going while limited by Covid-19 restrictions.
Here, Superfast Business Wales trainer Austin Walters answers the most frequently asked questions you asked about digital.
How do I market my business online?
This depends on your business. Different business types need to look at strategies for their sector, rather than a one size fit all approach. One mistake many owners make is to copy the strategy another business is using successfully, regardless of sector, as this is not guaranteed to work and may even cause harm.