See the pitch deck a Wharton grad used to raise $30 million to tackle one of healthcare’s most expensive problems
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- Digestive health issues are common and costly to treat.
- Oshi Health said it wants to change how patients get care for conditions like IBS.
- The startup said this month that it raised $30 million from investors to scale its platform.
At least 60 to 70 million people in the US are affected each year by digestive and other gastrointestinal issues such as irritable bowel syndrome.
The conditions contribute to more than $100 billion in healthcare costs each year. IBS has become so prevalent that the concept that “hot girls have IBS” has gone viral on TikTok.
But getting treatment for digestive issues can be complicated and expensive. That’s what Oshi Health, a startup that offers care for digestive issues, wants to change.
Founded in 2019, New York-based Oshi connects patients to providers like gastroenterologists and dietitians who can help treat digestive issues like IBS, celiac disease, and other conditions.
Oshi cofounder and CEO Sam Holliday said the company provides virtual care through its app but also partners and coordinates with local providers and pharmacies who help provide care for digestive conditions that can’t be delivered online.
Oshi partners with health insurers and employers who can offer its services as a benefit to their customers and employees.
The company’s name, “Oshi,” means “push” in Japanese — a nod toward the startup’s emphasis on digestive health — but the word has multiple other connotations, Holliday told Insider. It sounds similar to Oishii, Japanese for delicious, nodding to the company’s dietitian offerings. Add a “t” to the end of the name and you’ve got yet another relevant meaning, he said.
Earlier this month, Oshi announced that it raised a $30 million Series B round led by Koch Disruptive Technologies. Other investors, including Flare Capital Partners, CVS Health Ventures, and Takeda Digital Ventures, also participated in the round.
Holliday said that the company started growing its platform near the end of 2022 and has onboarded more than 1,200 patients so far at the pace of around 200 to 300 users monthly. By the end of 2023, he hopes to have 5,000 patients using the platform, he said.
Oshi Health removed financial details from the pitch deck it used to raise $30 million in Series B before sharing the presentation with Insider.